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No figures are needed, if you understand the overall positionyou using a crystal ball then as i havent given any figures
No figures are needed, if you understand the overall positionyou using a crystal ball then as i havent given any figures
Go on then give me your thoughts on what you think this overall position is ?No figures are needed, if you understand the overall position
The difference is, and I'm referring to registered landlords in Scotland, the entire system is becoming more and more weighted in favour of the tenant i.e. there is no longer parity. Of course, the legislation and policies don't read that way, however that's the reality.There's good and bad landlords and renters.
I'm sure if you weren't making money out of it you wouldn't be a landlord.
Money and valuation.Go on then give me your thoughts on what you think this overall position is ?
Most private landlords are in it for the capital gain.
The home ownership rate has fallen by 10% overall since the peak in the mid 2000s
Home ownership rates amongst younger people have fallen off a cliff
Theres a lot of honesty in there.If sucessive governments hadn't spunked their housing stock up the wall and properly used the rediculasly discounted right to buy to build more social housing ie sell one property use the money to build two then a lot of private landlords would not be in bussiness, as it is people like me provide homes for people , not for nothing but for a lot less than some people think, and have to put up with a lot of sh1t on the way
Have you missed the several property price collapses over the decades that takes years to recover and on a 160k mortgage your going to be paying back roughly 300k at presentThere is also the valuation increase of the property rented out.
So in effect, as long as the actual cost of the loan, mortgage, interest, or investment made is covered, there is likely to be a healthy profit at the end.
no go on give me figures not just you making commentsMoney and valuation.
It's either that or you are doing it for the benefit of the poor.
I very much doubt that you are doing it to lose money.
If your valuation of property isn't increasing and your rental costs aren't covering your expenses then you sound less sensible than you like to appear.Have you missed the several property price collapses over the decades that takes years to recover and on a 160k mortgage your going to be paying back roughly 300k at present
Go on then give me your figures and let's see where I'm wrong.no go on give me figures not just you making comments
I'm not attacking you as a landlord,but don't try and pretend it's loss making
I'm not for 1 minute saying it's easy.It's a gamble, just like any investment. I have the money tucked away, I could easily invest in a property to let out, and it was suggested I do that. I didn't because it was too big a risk, far too much potential aggravation.
I think the PRS should always have a place. Yes I would say that as a LL however whether I'm in the game or not, I genuinely believe private rentals will always appeal to some.If sucessive governments hadn't spunked their housing stock up the wall and properly used the rediculasly discounted right to buy to build more social housing ie sell one property use the money to build two then a lot of private landlords would not be in bussiness, as it is people like me provide homes for people , not for nothing but for a lot less than some people think, and have to put up with a lot of sh1t on the way