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John Thompson
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As usual, they put in one hand and took from the other via capital gains tax. So when now exiting this business for your hard-earned retirement is going to be very expensive, and eat into any gained profits. That's all after the ever-increasing costs, certificates new legislations, controls, energy efficacy demands, etc, etc that government, councils, and all the other money-grabbing organizations out there are battering landlords with relentlessly. You don't matter as your votes are too smaller in number, with no real backup voice with any bite or power, so your easy pickings.
From:
John Thompson
22 July 2020 13:05 PM
It will grow for a few months, then the HUGE house price crash will occur once the unemployment rate hits its highest levels ever, Mabey 4 million as predicted by many experts. Many will unfortunately not be able to afford their mortgages. I will only invest for BTL once the house prices hit the floor, Mabey 8 months or more from now.
From:
John Thompson
15 July 2020 13:52 PM
It won't last...when the huge recession hits, as it will very soon, unemployment will skyrocket, it's already starting. As usual homeowners will struggle to pay their huge mortgages and repossessions will start again, house prices will take a big hit, or at the very least go on a downward spiral and take years to recover. Any fool buying at an inflated price now will surely regret it when the value of their investment plummets.
From:
John Thompson
19 June 2020 12:26 PM
Unemployment is set to rocket, house prices will nose dive but not for a while, anyone buying now is a fool. Also, landlords are now the official hate target via the government and every group and organization out there, if your a landlord you are nothing more than bloodsucking, money-grabbing pariah, that should be taxed to the hilt and made to pay for every new certificate and piece of legislation that can be dreamt up by the councils and government. God help you if you make a cock-up or forget something. Even worse if you get a nightmare tenant good luck evicting them, it will cost you a fortune in time and money to get them out! Longterm house prices and the economy won't recover for many years. Meanwhile good luck having any spear cash at the end of the year to make your risky investment worthwhile, more likely you will be hounded to bankruptcy. BTL is dead in the water now, landlords are baling out, Invest your hard-earned cash into something more sensible and much less risky.
From:
John Thompson
15 June 2020 09:21 AM
People are fooling themselves. When all the government's financial help and relief get pulled from businesses and families as it has to soon, the economy will take a nosedive, and jobs will be lost by the millions. Recession will hit very hard this time. Its already starting to happen but is disguised by Furlow payments, rental, and mortgage holidays, evection suspensions, etc, etc. When unemployment hits the huge levels that will surely come, house prices will plummet as they always do, and it will be years before it all recovers. Anyone buying now for finatual gain is a fool.
From:
John Thompson
12 June 2020 09:47 AM
Might be a small surge in buying after lockdown put a halt to planned moves and sales before lockdown, but wait till the recession/depression hits, sales and house values will plummet when reality rears its ugly head and mass unemployment is realized. Feel sorry for all the deluded buying at inflated prices right now. I pulled out of buying and won't bother till market hits the low that is on the horizon.
From:
John Thompson
01 June 2020 11:41 AM
Any more financial, tax and legislative burdens placed on landlords will surely kill the sector, already LL are selling up in droves.
From:
John Thompson
29 May 2020 10:57 AM
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John's Recent Activity
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22 July 2020 13:05 PM
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