BTL dying

End the Buy to Let ponzi from landlords of 100 properties or more before it takes down the entire society.

When this is over, you’ll want to shoot the real estate agents as traitors, selling for corrupt foreign blood money. They’ve aided and abetted international fraud.

https://news.yahoo.com/uk-property-market-news-brexit-prices-survey-buy-sell-good-time-uncertainty-bad-230146993.html

Put it out of its misery.

https://news.yahoo.com/residents-horror-at-being-left-homeless-after-their-house-collapses-due-to-building-work-next-door-085134646.html

Great taste in ‘builders’.

“It was a shocking experience and no one is accepting liability.”

It’s terrorism.

“Our landlord is confused what is covered by his building insurance and the contractor doesn’t want to accept liability.”

Yeah, ’cause they’ll be deported. It’s criminal damage.

https://www.mirror.co.uk/money/halifax-mortgage-first-time-buyers-20049048.amp

Halifax launches new 100% mortgage for first time buyers with no deposit needed

Hold me.

In London, the average first-time buyer deposit now stands at £101,389 (22% of the purchase price) – almost double the 2009 figure of £50,944.

My fucking sides.

“y u so cynical” – er…. maths?

Jesus f-ing Christ.

“While increasing numbers of first-time buyers is good news for the housing market and they are not far off the peak of the last boom which was just under 190,000 in 2006 – it’s saving enough to get a foot in the door that’s still the biggest blocker,” Russell Galley, at Halifax, said.

Yeah, you don’t wanna be last person in line for the abattoir.

Before the door shuts. You’ll miss your free shower.

Statistically, the average first-time buyer is now 31, with that age having slowly crept up over the past decade from 30.

The oldest are in London (33),

And these buyers now make up more than half of the UK’s mortgage financed house purchases, compared to 38% in 2009.

Ask yourself: who are these pricks in media gonna sell to?

They’re gonna live about fifty years. That’s a lotta taxes.

The city was only valuable because of the PEOPLE.

No magic dirt! Who’ll buy your shit bricks near a mega-mosque, Han?

If you’re not married and planning kiddies, why the fuck do you need a house? To show off your prize pozzed dildo collection?

It continues because…. stupidity.

When it comes to affordable homes, the number of areas in this bracket has fallen from 83 to 38.

Keep voting for diversity, you bloody numpties.

You can’t white flight tied to a house depreciating in value thanks to your new neighbours.

Regionally, first-time buyers in Yorkshire and the Humber, Wales and East Midlands have to find the lowest deposit – 16% of the total purchase price – compared to London at 22%.

Are those not both low?

Halifax has today launched a new family boost mortgage to help first-time buyers get on the ladder without a deposit.

Instead of a lump sum, savings from parents or other family members can be used to provide security for 10% of the loan.

Ho Lee Shit.

You wanted to pack the country like a tin of sardines, you numerically illiterate pathological altruist twits.

The champagne socialists will more than pay for their mistakes, as I long predicted.

Buy to let is the most sophisticated timeshare. Hey, you get to pay all this money now and get little crumbs back! Maybe! Aren’t you proud? Don’t add up when you’ll break even, you’ll ruin their ‘lending’ fun. You’ll never make that much money. Sure, the banks could buy all the properties and do the same thing but you’re so gosh darn smart! Safe as tulip colours!
You whine about social credit, brag about your credit score. You are SO clever.

All the alcoholics down the pub agree with you, you’re just a genius.

we are offering families a way to help give the next generation the boost that they need to get on to the property ladder,

it’s called inheritance?

while providing competitive rates to both buyer and supporter,” the lender said.

Never a buyer nor lender be. Who is jewing who?

Competitive rates, eh? Fixed, I’d wager. Would be a shame if the markets were inflated or something.

There won’t be a house for nonny to move in because the banks know you’ll default on the mortgage and she’ll lose her savings, meaning you won’t even be able to keep her warm. Multi-generational stupidity.

The three-year mortgage is fixed at 2.9% with no fee, while the deposit savings are held at a fixed rate of 2.5% for the same period.

Inflation called. It said nothing.

It took everything.

At the end of the three years, provided that the mortgage payments have been kept up to date, the savings and interest will be returned to the supporter (ie family member).

Three years of continuous payment. From a Millennial? How will they buy the next iPhone?

They’re holding life savings to ransom and you’re letting them.

But if you’re on your own, Wayhome is offering a slightly different version of shared ownership. Essentially it pairs you with a ‘funding partner’ in order to purchase a property.

“purchase”

You stick down 5% as the deposit, while the partner pays the rest.

Mathematically, how.

You then pay rent on the chunk of the property that you don’t own, with the option to overpay on the rent whenever you like.

omg

You can increase your stake in the property by up to 5% a year, up to a maximum of a 40% ownership.

40% =/= ownership

told you it was a timeshare

BTL is anti-natal cancer. By the time you have a house, you can’t breed.

Who is jewing who here, it’s like an orgy of bullshit.

Meanwhile, high fertility imported voters get a house whenever they like, the best London mansions.

reminder: importing voters is treason

What happens at 40%, you ask?

It gets better:

Once you’ve reached that point the idea is that you’ll be in a position to get a traditional mortgage and purchase the property outright from your funding partner.

So the raw, worst deal from: the bank, a credit score, your relatives, or a mystery ‘business’ partner, producing nothing, who is also a landlord over you, and you can’t sell anything in the meantime?

This is the Asians, isn’t it? It’s got Asian IQ written all over it.

Get them, Goldberg. Get everything.

https://m.uk.investing.com/news/stock-market-news/forget-buytolet-id-rather-buy-ftse-250-shares-in-a-stocks-and-shares-isa-1962443?ampMode=1

The problems for buy-to-let investors have continued to mount over recent years. Not only have property prices failed to rise across the UK, due in part to high valuations, tax changes and mortgage availability have also meant the profitability of the segment has come under pressure….

People d-d-d-don’t want to invest in diversity?

Can we force the police and social workers to live in the cities they work in?

They love diversity, right?

Buy-to-let returns have come under pressure for many landlords in recent years, with government changes to tax a key reason.

Socialism pays – the state. It pays, the state.

Prisoners voting for guards.

As well as a 3% stamp duty surcharge on second homes, there’s less scope to offset mortgage interest payments against rental income than in the past.

Young people are saying fuck you, I’m staying home? Can they do that? Make adult choices?

The impact is that a landlord’s cash flow, after all costs have been paid, may be down on where it has been in the past.

Being a middle man scumbag makes no money, poor babies.

How many times did they vote Labour for those taxes? How many?

https://en.wikipedia.org/wiki/Clause_IV

Don’t pity the greedy, they voted for this.

https://en.wikipedia.org/wiki/Labour_Party_(UK)

“Labour is a member of the Party of European Socialists and Progressive Alliance, holds observer status in the Socialist International, and sits with the Progressive Alliance of Socialists and Democrats in the European Parliament.”

“Secondly, Henderson secured the adoption of a comprehensive statement of party policies, as drafted by Sidney Webb. Entitled “Labour and the New Social Order,” it remained the basic Labour platform until 1950. It proclaimed a socialist party whose principles included a guaranteed minimum standard of living for everyone, nationalisation of industry, and heavy taxation of large incomes and of wealth.[21] It was in 1918 that Clause IV, as drafted by Sidney Webb, was adopted into Labour’s constitution, committing the party to work towards “the common ownership of the means of production, distribution and exchange.””

“Historically, influenced by Keynesian economics, the party favoured government intervention in the economy, and the redistribution of wealth. Taxation was seen as a means to achieve a “major redistribution of wealth and income” in the October 1974 election manifesto.[150] The party also desired increased rights for workers, and a welfare state including publicly funded healthcare.

In more recent times, a limited number of Members of Parliament in the Socialist Campaign Group and the Labour Representation Committee have seen themselves as the standard bearers for the radical socialist tradition in contrast to the democratic socialist tradition represented by organisations such as Compass and the magazine Tribune.”

You voted to lose your own money.

from counter signal memes

Should interest rates rise, this could put their future return prospects under even greater pressure.

Maths, who needs that?

They’re so much smarter than whitey, they bought a new Mercedes!

Furthermore, with the FTSE 250 generating around 50% of its revenue from outside of the UK, its growth potential may be higher than a buy-to-let investment. Countries such as China and India are growing at a pace that’s as much as five or six times the UK’s growth rate.

growth without limits

like cancer

This could catalyse the index’s performance,

no, all economies stagnate at 90+% debt/GDP

due to many of its members having exposure to the emerging world.

Stick a fork. #dead

Let’s do the obvious check.

https://en.wikipedia.org/wiki/Sidney_Webb,_1st_Baron_Passfield

Clause IV guy.

Man of the people. The chosen people:

“Sidney James Webb, (13 July 1859 – 13 October 1947) was a Jewish Bolshevik, economist and co-founder of the London School of Economics. He was one of founder members of the Marxist Fabian Society in 1884 and wrote the original Clause IV of the British Labour Party.” source

Why doesn’t wikipedia mention this?

It doesn’t mention the Bolshevism either, but does link the eugenic publication.

https://digital.library.lse.ac.uk/objects/lse:dok413cup

https://in.reuters.com/article/britain-economy-houseprices/brexit-casts-shadow-over-uk-housing-market-outlook-rics-idINKCN1VW2WR

No demand eh? Maybe sell to aborted babies!

Sales volumes expectations for the next three months dropped to -23 from -4, while short-term expectations for prices declined to -24 from -13.

Britain’s housing market has slowed since June 2016’s referendum decision to leave the EU, though outright price falls have been concentrated in London and nearby areas – a pattern that persisted in August’s RICS data.

GOOD.

RICS also noted continued strong demand from tenants at the national level, combined with fewer landlords listing property to rent.

They don’t want to rent to Third World tenants they can’t legally evict.

“The pressure is for rents to continue moving higher and indeed outstripping any price gains both in the near and medium term,” Rubinsohn said.

You import leeches, you feel faint.

This is just the beginning.

Government stops subsidizing Buy to Let parasites

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12020298/One-in-three-Tory-MPs-own-buy-to-lets-but-theyve-wrecked-it-for-everyone-else-say-landlords.html

It’s an investment. You take on the risk.

They don’t cushion others either.

These socialists (in heart) fail to mention that they aren’t contributing any value to the worker, they want to be the Middle Man, sponging.

Having a house and rent-fixing shouldn’t be an occupation. Pay your fair share, Boomer Guardian readers! (the largest BTLers)

The Government has dealt a second body-blow to private landlords in six months with the announcement that from April 1 next year the stamp duty payable by investors will be thousands of pounds higher.

Landlords declared the change “catastrophic”.

You can’t afford it.

Gravy train has stopped. You’re stifling the property market. They believe they deserve sympathy.

Phil Stewardson aims to buy a property every fortnight.

In 2015 he spent £3.5m on 30 properties, mainly in the West Midlands and Lancashire. “If I spent the same again this year I estimate I’d pay between £70,000 and £100,000 more on stamp duty thanks to this change,” he said.

And he’s whining about money?

The Stewardsons own 150 properties in total, but their accountants reckon they will still be treated as private landlords, rather than institutional investors, for stamp duty purposes.

This is because the exemption is likely to favour either developers that build properties or fund managers who invest on behalf of a wide range of shareholders or institutions.

People that add value? Perish the thought.

Little Piggy on the wall.

“Landlords won’t accept this,” Mr Stewardson said. “Initially they will behave like all businesses and try to pass on increased costs to tenants through higher rents. But many will give notice to tenants and sell up.”

That’s the point.

“The small perk some landlords overlooked in their initial shock at the announcement is that stamp duty paid on the purchase of buy-to-lets can be deducted from the taxable gains made when the property is ultimately sold.”

Oh they noticed but they are parasites. All they wanna do is suck.

Why give up their host?

This comment;

I have no idea how many other people reading this thread have a business outside of BTL. But I am sure you have the same problems as me in that we are heavily regulated, inspection every year, if new regulations and costs come into effect we just get on with it and absorb it best we can.. ITS CALLED RUNNING A BUSINESS!!..

I have never heard such a bunch of cry baby’s as these BTL lot, they have had it their own way for far too long now. They pretend to run a business and yet expect Government to handle every little issue for them, pathetic.

Another person who can do maths;

Institutional money has no interest whatsoever in residential property at these price levels. They’re not interested in build to rent and they are certainly not interested in buying a bunch of unloved ex-BTL properties sprinkled here and there.

This present delusion amongst BTL investors that they are going to be able to sell on to institutional money when they exit without taking a loss doesn’t stack up. …

They are going to sell at a loss.

At the House of Lords Economic Affairs Select Committee in March 2015, not for the first time, Carney referred to BTL as an “investor market” and noted how at the Bank of England they distinguish between the owner-occupier mortgage market and the BTL mortgage market.

To call BTL an investor market is to make clear that the participants in the market are assumed to be big enough and ugly enough to look after themselves. Investment in the hope of a capital gain always involves running the risk of a capital loss.

…A borrow-to-let speculator will be a landlord too, but not all landlords are borrow-to-let speculators….

BTL is now closing in on representing fully 20% of all outstanding mortgages. It’s not just a few harmless dabblers. It is becoming a 500 lb gorilla that eats rent and sh!ts financial instability.

That is why they are going to close it down.

It isn’t a pension.

I’m glad these abysmally stupid yet sociopathic people, creating Generation Rent, will have a terrible winter life.

Fear looms of future Lehman Brothers-like collapse

http://www.thisismoney.co.uk/money/markets/article-3234192/The-gathering-storm-Fears-new-crisis-seven-years-Lehman-Brothers-fall.html

arrogant smug uhuh aww yes yeah mhmm sexy bamf hugh jackman

One can dream.

Shares in China were on the slide again yesterday, with the stock market in Shanghai down another 2.67 per cent, taking losses since June in what has been dubbed ‘The Great Fall of China’ to 39.71 per cent.

The Great Fail of China.

We won't be laughing when their stocks outperform ours

Last month was the worst for the FTSE 100 index in London for more than three years and the blue chip benchmark is nearly 15 per cent off the all-time high reached in April.

You think that’s bad?

 What to do when the "intellectuals" hit reality like a brick wall? Laugh, I guess

You think that’s it?

Claudio Borio, chief economist at BIS, warns it is ‘unrealistic and dangerous to expect’ that central banks ‘can cure all of the global economy’s ills’ through low interest rates and money printing and BIS is calling for an end to the era of ultra-cheap money.

The time for sanity was 2008.

Of course, he was not alone in being taken by surprise by the last crash. The Queen famously asked in spring 2009: ‘Why did no one see this coming?’

The answer, from the British Academy a few months later, was that there had been ‘a failure of the collective imagination of many bright people’.

Oxymoron in there somewhere.

Seven years on, the storm clouds are gathering once again, as the world struggles to bounce back from the collapse of Lehman and its painful aftermath.

Idiot isn't as much a person as a process of doing things wrong

This was the foreplay. It didn’t work. The IMF is going in dry.

In other financial news:

  • Subprime mortgages are coming back, because we all know what a spectacular success those were last time.

http://www.thisismoney.co.uk/money/mortgageshome/article-3230545/Only-got-5-deposit-time-buyers-helping-hand.html

  • People are stashing cash under the mattresses instead of spending it in the economy, oblivious to the fact that if the banks collapse, it will be because the cash is worthless. But hey, at least they won’t run out of TP.

http://www.thisismoney.co.uk/news/article-3241061/A-nation-money-hoarders-Brits-3bn-hidden-away-mattresses-gathering-dust-sofa.html

  • BoE are hinting negative interest rates because they’ve straight up run out of ideas.

http://www.thisismoney.co.uk/news/article-3240086/Interest-rates-need-cutting-zero-says-Bank-England-s-Haldane.html

  • They still push BTL despite the economic damage because Baby Boomers need even bigger portfolios and property values can never ever go down.

http://www.thisismoney.co.uk/money/mortgageshome/article-1596759/Ten-tips-buy-let.html

  • Baby Boomers outraged there is no such thing as free cruise meal.

http://www.thisismoney.co.uk/news/article-3237624/One-six-hit-fee-5-000-cashing-pension-700-000-55s-pay-access-savings.html

  • Because being in the best position of all time and all current generations isn’t enough.

http://www.thisismoney.co.uk/money/diyinvesting/article-3192386/How-invest-different-generations-profit-needs.html

Despite the rise of new generations, it’s worth remembering that the baby boomers still hold a large chunk of the developed world’s wealth.

Demographic change is a particularly dominant theme across the portfolio and the funds’ managers exploit play this theme via a number of healthcare and pharmaceutical names.

As a wise philosopher once said – ‘demography is destiny’.

Wise to remember when they push for hostile immigration of more people who want to sponge off the State.