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.

Immigration: cause of the housing crises

past and to come
from http://voxday.blogspot.com/2019/04/immigration-and-demand.html
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3177372##
19.21: immigrants as a share of population
17.71: 10-year percentage increase in housing prices

The proper term for libertarians (the modern, post-60s kind) is race traitor.

“Why don’t millennials just move out, LOL?”

Corruption in allowing foreigners with fake money to literally buy your land.
https://www.dailymail.co.uk/news/article-6904897/Eerie-footage-shows-north-Londons-Billionaires-Row-desolate-mansions.html
How to win a war without a single casualty, get a traitor to sell you the keys.

“Drained whirlpools, decaying walls and foliage creeping up the stairs can be seen on a North London street called Billionaires’ Row. Bishops Avenue in Hampstead, north London, is one of the most exclusive roads in the country, but many of its 66 mansions lie vacant. Footage taken by ‘urban explorers’ shows moss growing up the once pristine white walls of the huge rooms and swimming pools with a shallow layer of murky water. The gardens rise high and in many the decor is clearly a few decades behind.

Public health risks.

They include a selection of residences worth £73 million, reportedly bought for the Saudi royals between 1989 and 1993. In those days the homes caught be purchased for a cool million, now prices rise to around £20 million. In 2014, an estimated £350 million worth of mansions could be found on the prestigious street, the Guardian reported.

(((worth)))

If you cannot safely live in it, the value is negative.

An Iranian resident told the paper: ‘Ninety-five percent of the people who live here don’t actually live here. It is a terrible place to live really.”

-houses are not really assets, they produce nothing, they are rotting boxes, they depreciate immediately and require, clearly, a lot in maintenance costs (especially proper, old well-built mansions, whose roof caves in if you don’t.
The most “valuable” street in the country, in decay because Muslims own it and the native population isn’t allowed a look in. Hang the estate agents, they’re traitors to this nation.
Look what the Muslims did to the fertile, rich, black soil of Egypt – they do it with everything else too.
We have fiat houses – abandoned and worthless unless you pour money into repair, valued obscenely.
Non-whites are playing shell games with our very homeland, while young people cannot afford to move out, to marry and breed. That is a form of genocide, preventing births in the native population.

But at the least the anti-white Boomers get to flatter themselves on their “brilliant” investment in a white box, which the bank assures them really IS worth all that money (so please keep getting into debt) and they can totally use as a pension… because that’s how finances work. You can have your cake and eat it.

[Seriously, most Boomer homeowners bought it as a pension, ask them, that’s why they voted for immigration.]

It is not a question of if this bubble pops, but when. Boomers are already starting to die (alcoholism, drugs and STDs will tend to shorten one’s lifespan), meaning we have a 20y max window, tick tock. Buy to letters are a cancer.

If Hitler or Stalin knew they could simply ‘buy’ England from the (banks) with imaginary money, they would’ve saved themselves a lot of scrap metal.

I’ve already posted the known fact (even covered by the BBC) that UK property is only afloat by dodgy foreign shell companies, either not maintained or gutted to be postmodern shells, contrary to skyline and grade listing law.

Traitors, the lot. They even hire foreign builders that violate safety requirements.

Let them all ‘lose’ the imaginary fantasy bank/real estate collusion ‘valuations’.

LET THEM FAIL. Permanent renters needing to, to live are called serfs, this is an illegal situation of war between generations, propped up with the artificial ‘demand’ of banana boats and the legal strings of fraudulent collusion.

Tell me: where does a house magically gain value?

How does the rotting box produce value for itself?

We have a Communist housing market, here.

For those who don’t know, huge families off the boat are allowed to live in London (instead of the people working there and paying taxes, who must commute) because the housing people charge the maximum by an order of magnitude (eye watering sums) to the Gov for using the property.

Implement rent controls – for council run property ONLY.

[The whites would never pay those prices, it’s fraud.]

Also, end the fraud of dual citizenship. You’re loyal to one military and one military only. No open borders hopping.

UK Boomers and rental Monopoly

https://www.newstatesman.com/politics/staggers/2017/09/jeremy-corbyn-right-renters-have-had-enough-sham-market-economy-0

You should be concerned when there’s some logic on a topic from the Left.

Tick tock, tick tock. There’s no way this could possibly end badly for the right wing.

Bring in rent controls, the economy corrects. Boomers lose their ill-gotten stock gains.

Don’t bring in rent controls, immigration continues to be a visible problem. The best thing we can do is back off. Stupid people tend to be their own worst enemy.

They’re trying to claw their way out of the situation desperately, but they were so stupid for so long (stupid in the best case scenario of believing borders are like place settings) that it’s impossible to extricate.

Welcome to many, many years of this. It’s a merry-go-round.

Prediction check on London housing market

https://www.economist.com/blogs/economist-explains/2017/11/economist-explains-6

Yesterday

Why London’s house prices are falling

A year ago, me

https://disenchantedscholar.wordpress.com/2016/11/18/meanwhile-china-tries-to-buy-londons-history/

They are going to lose all their money.

You never bet against London.

It’s like warring with Russia.

You just don’t.

It’s only worth what somebody is willing to pay after you.
If you won’t live in it, it’s worthless….

love parvenus. They’re so easy to con.

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.