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  • Property-a-holics

    According @MoneyWeek, investors are doomed!

    Indeed but too add fuel to the speculation, nationwide did just report last month house prices dipped for the first time in 17 months.

    https://www.theguardian.com/business/2014...nationwide
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    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED. DO NOT SEND PRIVATE MESSAGES.

    YOU CAN REACH ME AT BESPOKE FINANCE for HMO Mortgages, Cheap Life Insurance and Limited Company Buy-to-Let on 08009202001

    JC,

    If you want to lump her in with property gurus and other promoters, go for it.

    My point is the publication has a long history of calling the top and claiming the market is going to crash. They have almost never been right. Even when the market did crash, the stock market looked worse.

    There seems to be a lack of rigour in the predictions when talking about housing. Also the value to an owner occupant of having a place to live does not seem to factor. One core reason that a housing market crash is a non-event for most people is they continue to live in the house and sooner or later the price recovers. If I sell for more than I paid, does it matter what the price did between the start and finish? If the alternative investments require competence which many homeowners do not have, does it really matter how one investment compares to owning a home.

    Journalist rarely are property investors. Some are homeowners and some are not. When they write on BTL and they discuss market timing an illiquid market, I know they are writing to sell subscriptions rather than offering qualified investment advice.
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.


    (07-10-2014 12:55 PM)john_corey Wrote:  If you want to lump her in with property gurus and other promoters, go for it.

    My point is the publication has a long history of calling the top and claiming the market is going to crash. They have almost never been right.

    I agree with you that Moneyweek is rarely right. I was just giving a parallel example about property gurus . It could have been `car dealer` and `his porsches ` My point was that you intimated she was lying but didnt have a problem with her doing that . If what you say is correct I personally would have a problem with it and I`m surprised you don`t that was all.
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    Jonathan Clarke. http://www.buytoletmk.com

    Surely Moneyweek is just another crystal ball.
    Whether you believe in their version is up to the individual.
    Based on my experiences I prefer to use the JC crystal ball rather than Moneyweek's!!Smile
    Following the JC ideas has been far more profitable than following Moneyweek's who would have bankrupted me if I followed them!!
    I like the JC take on this game.
    He makes far more sense to me than Moneyweek.
    He has NO axe to grind as to date he has not monetised his posts!!
    I would refer any newbie to read up on JC's posts before investing in any property.
    Moneyweek to me is just so much toilet paper!!!
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    MoneyWeek are now advising that 2015 is a bad year to start out in BTL!!

    So, their tune remains unchanged. Every year is a bad year to them!

    Their reasoning is that there is political uncertainty of housing policy surrounding the General Election.
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    Moneyweek's aim is to sell Moneyweek - the ruse they've come up with to do this is to perpetually claim the end is nigh, and you're doomed unless you take out a subscription, which will enable you to survive the impending apocalypse.
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    Funded PhD available at Brimingham City University in energy efficiency in the rental market
    http://www.propertytribes.com/funded-phd...27005.html

    Surely, though, there is some concern about what the RedEds are going to do to (evil! nasty! greedy! tax-dodging! baby-eating!) landlords WHEN the "Labour" Party returns to power.

    It's making me pretty nervous.
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    The above is a general comment and is not intended as legal or professional advice; you should not take any action in reliance thereon without obtaining advice specifically tailored to your circumstances from your own solicitor or other professional advisor(s).

    Money Week have published a new article giving three reasons why landlords should get out of BTL as soon as possible, the reasons being:

    1. Rising interest rates

    2. Hostile tax environment

    3. Falling property prices

    Source story

    Their crystal ball must be on over-drive! These are pretty weak arguments, don't you think?
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    Well they got 1 out of their 3 predictions correct!

    A Hostile tax environment is certainly with us now.

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    No. Those are quite strong arguments.

    The question is whether you think that the arguments on the "keep buying" (or "at least hold onto what you have") side are stronger.
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    The above is a general comment and is not intended as legal or professional advice; you should not take any action in reliance thereon without obtaining advice specifically tailored to your circumstances from your own solicitor or other professional advisor(s).