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" because of our obsession with pushing up house prices"
obsession coming out of the continual creation of money out of thin air
Property prices, art prices, price of Rolex watches etc etc go up because the Governments keep creating money and pumping it into the economy to keep it from crashing
You pay a crazy price for a Picasso as an investment against inflation, knowing the price will increase in relation to money creation and inflation...
Same with property ...prices related to money supply
Now they have slammed on the brakes with regards to money supply having done the opposite previously ..all organised and controlled by the central banks
Our society is built on the idea that you have to look after yourself because the Governments are just making it up as they go along , and the system ensures the smarter ones will do well whilst the one´s not so close to the control of it all...don't
Mrlong. Everything you say confirms what I am saying. Young people should not have to rely on their parents helping them to buy a house,but many do because of our obsession with pushing up house prices. I have never been rich, but with my wife we could afford to buy a house many years ago before the explosion in buy to rent, but we would not be able to nowdays. Of course mass immigration hasn't helped, but that is another matter. But that's life.
Vod closing Sp 29th Sept
KiwiTwo 83.16p
Roofer 81.84p
List so far
Entries by 12pm Mon....atb
Yeh greedy is not what I call a property investor, in fact it’s not that attractive anymore. Yes if you e had 15 years it’ll give a steady return. You have to deal with tenants, Reg’s and a pain in the ar*e tax return. When you sell they want the tax which is 28% rather 20% on shares and they want within 28 days. That’s why investors are leaving in there droves. You can get 5% at the bank or similar with zero risk or hassle. Let gov have the headache of housing everyone because it is hassle and at the moment your not getting paid enough for it!
Can I have 83.16p for next week please.
Give over. I work in finance and as such I view investments in a matter of fact way. We all want to improve ourselves financially and secure our retirement income. Otherwise why are you invested in shares, so don't act all holy than thou, just because your investment choice is somehow more morally ok than mine. I've made a decent return on my property investments as I said I'm renting in non affluent areas, eg those on social benefits who would never be looking to buy there own houses as their rent is subsidised if not fully funded by the state. Makes me laugh you call me out as greedy yet you chose a share with one of the highest did div yields and not so good SP, why is that? For the potential of higher rewards vs safer havens, what is that if not some level of greed?
Home ownership has always been an affordability issue, nothing new. Tony Blair won in 1997 and by 2001 house prices had doubled and that was with average 6% rates. At the time mums and dads weren’t handing out deposits as the bank was looking after them and you could only get a 25 year mortgage. Now they get no stamp duty, lower rates, help from parents and 40 year terms. That seems pretty good to me!
It’s not greed, it’s market conditions. If you bought a house 10 years ago and I offer you a £20k profit on what you paid, you’ve made £20k! You could sell at that, but of course people want the market value. We are obsessed with property ownership in this country and that fuels price rises, not landlord’s.
What happened to the 61p clown? come back, missed a good laugh.
The main reason we have a big housing problem where young people can't afford to buy a house is because of those who buy a house as an investment. If everybody only bought a house, just for somewere to live, & not to make money on, we would not have a problem. But of course greed is a part of human nature unfortunately. But please don't be proud to be greedy, because you are the main cause of the problem.
Good evening DanielN, never say never 126p EOYP , main thing we have started upward movement , £1 isn't far off now.....atb
with no landlords, the gov would have a huge problem. a lot of people simply aren’t in a position to own property. you make 10% here and an average landlord wouldn’t make that.
the mps screwed up here with tighter regs and tax. landlords are selling up and as a result, loading pressure on the gov. it come back to bite them in the aa****. a little bit like the u turn on cars this week. the vf share has held well this week all things considered.
Good evening Roofer
Bang on and my 126p EOYP looking marginally less unrealistic! Cheers
What a difference a month makes up over 13% now , Sp marching in the right direction, lifting alot of holders here into profit , next results due mid Nov and a update on the dividends, may happy days continue, enjoy your weekend...atb
Hi danielh - look on the Lloyds board and all will become clear! Cheers
DAN, I agree about basing the yields on your average, but what matters more than anything of course is the total returns, share price still looking good, another push up a bit later would be nice
Vod closing Sp 22nd Sept 81.03p
Roofer 80.5p Winner
Doyen Dan 87p
George 83.75p
Tars 83.14p
Raffles 88p
Garonne 86p
Robleo 83p
KiwiTwo 84.6p
Wadz 84p
Juyamah 82.6p
Newsid 83.3p
Exil 80.1p
Talatum 79.95p
Neilly 76.5p
Beo1 76p
Atb
Vod closing Sp 22nd Sept 81.03p
This Weeks Winner is Roofer
Another closely run Prophecy
Speech Speech
Full list will follow
Enjoy your weekend ...atb
I is aware of Carltt
DanielN.. Who is Carltt?
Good evening GS
"Landlords are the worst kind of scum ain't they."
I think Carltt has copyright on this nonsense.
ATB :-)
Their, not there. In case the spelling police are around! Shame about the finish today.
Although there no way I would describe landlords as scum, I do think those who buy to rent have destroyed the chances many young people have of affording to buy there own house, so are forced to rent, or just stay at home with there parents, pushing house prices even higher. Not just bad for young people, but also for there parents, some who feel pressured to help them out.