to think all this nonsense about house prices being too high is just that - Nonsense!

[RazahFluffy]

DH and I have long been in the property game. We actually met whilst working as Estate Agents back in 1999!

I've seen a lot in my time as an agent - 2008/2009 were a bit of a blip, but overall, there's one thing I've always had faith in, and that's bricks and mortar and that prices always go up. They aren't making more land after all 😁

As well as working in property, we've got a few of our own. We started off as accidental landlords after we got together and kept both our homes to rent out when we decided it was time to move in together and find a place of our own. Over time we've added a few more to the portfolio.

We are lovely landlords. We let our tenants have our houses as their homes, and we like to do little things like send them Christmas hampers, and know their birthdays so we can send a card and usually a Pizza Express voucher.

Anyway, there's a lot of rubbish being written recently about interest rates and the economy affecting the market. Nothing could be further from the truth where we are!

It's still buoyant and the buyers registering at the agency are no different to usual - excited to either 'get on the ladder' or move to their next step towards their eventual forever home😊Vendors are still confident. They agree with us that houses are actually a bit too cheap, all things considered because inflation is quite high.

The one thing I'd have to say is if you can't afford a mortgage at the moment - think about your expectations. You might have thought previously that you could afford a 4 bed, but if you can only get a 3 bed for now is that really so bad? First time buyers especially I feel need to be realistic!

Property always goes up and it's no different now. We're really confident and having seen it all in this game, we really think it's time to believe in the market💪

99% sure this is a troll post, but if not you don’t even understand your own point.

You would still make money if the rent didn’t cover your costs, as the property value is increasing so you’d make your gain on sale.

So you’re not the great, altruistic landlord you think you are.

Don't get the point in a wind up post being made this obvious.
Betting there's fairly high chances the poster is still living at home with his/her parents though.

Just place marking -

I wonder if OP has looked at the 80’s crash where people had homes repossessed and the banks auctioned off their properties leaving a short fall which they had to pay back?

Banks have a deposit for this very reason.

If people can’t afford the rent they’ll move back to parents or friends. Landlords will struggle to rent out properties.

I think you are kidding yourself.

In 1990’s £12K salary got you a three bed at £36/£40K

average wage doesn’t buy anything these days

This must be a joke.

Isn’t the OP trying to make the opposite point of the one she seems to be making? That’s how I read it anyway. Exposing the idiocy of the current property market.

MN should delete this purely based on the fact that the OP is encouraging people to raid their parents pension funds to buy property.

What are the parents supposed to live on whilst fuckers like the OP just make more and more profit?

Completely unethical.

I thought you were serious but now I assume
Troll 😂 who would post something like this?

Patronising much? Are you by any chance a government employee?

My point is there is no investment better than property, so just do it!

There are lots of better investments than property if you're willing to take risks. For the risk averse, property is generally a safe bet.

MN should delete this purely based on the fact that the OP is encouraging people to raid their parents pension funds to buy property.

But that suggestion was my favourite part of this utterly ridiculous wind up thread 😂

Very good points.
I am no fan of Estate Agents either.
They do very little for the percentage they claw off sales.

One ‘Good’ Landlord I do know of keeps rents low for his tenants if they are “ Reliable “
He says he’d rather have people who pay on time and don’t damage stuff in at a fair rent so they stay for many years than to be forever hiking up rentals.
Good tenants are to be respected and valued, not squeezed dry.

I thought it was satire

And it is

Love the hampers and pizza express vouchers

Well isn't this the most steaming pile of goady shite I've seen on here in a long time.

I'm 50 and I'll never be able to afford to buy my own place. My parents have been dead for decades, I'm disabled so can't work and DH's modest salary (£27k-ish) prices us out of everywhere other than the garages around the corner. Do you have any brilliant suggestions for me, OP?

The reason people are selling “large spectacular houses” suddenly, I think you will find, it’s due to the cost of living crisis and people downsizing before they either can’t afford to heat their homes or the mortgage is also going to ramp up.

read the room, you’re being tone deaf here.

We can’t get on the property ladder because of our wages and there’s no room for improvement, we need a 3 bed as we have children but 3 beds are generally 300k plus I am not going to move my children with disabilities away from their friends or us away from the little support network we have here, we are going to have to continue to pay ridiculously high rents that means we can barely afford to survive each month.

I'm speechless, frankly. Not sure you are the lovely landlords you seem to think.

They can afford a property, though. The monthly rent they're paying to you is going to be much higher than the cost of your monthly mortgage payments, no? Otherwise why would you be a LL?

Troll. If you’re not a troll, you’re not a very nice person.

OP. The reality is that house prices have been over inflated above their true worth for many years now.

Due in part to the Tory government keeping interest rates at very low levels that were never seen before. Double figure interest rates not fractions were the norm before. The banks also did their part in keeping high house prices the norm by offering at points 7 times salary mortgages, life time mortgages, endowment mortgages which were then considered mis sold and had to withdraw and pay compensation to the people who brought them.

Many house builders are not above scrutiny either building cut cost housing like tiny flats/houses cheaply made in area's not really suited to decent living just so people, and quite a few desperate could actually afford the over inflated prices and have somewhere, anywhere to live.

Estate agents not a fan. We could have been homeless with a small child if we had been stupid enough to followed her commission greedy advice to sell and rent. (she want to sell our house as well as sell us a house)

Finally people looking looking to make a cheap buck and only looking at housing as investments not peoples homes.

Everything has shot right up and its harder now a days for sure! 5 years ago i brought a house with my ex no problem... now 5 years on, me and my fiance have been trying to buy a house for 2 years and the prices and rates are ridiculous! We are both on more money together than me and my ex back in the day and we have a higher deposit and we are still struggling, all good credit scores etc... so on my end, it definitely isn't nonsense! 😕

House prices go up and down but the general trajectory is up. But when really big corrections happen, it can take ages to recover (Spain 2008 for example).

Ultimately, we just have to pay the prices the era we are in dictates. Mostly it’s out of our hands and there’s a lot of luck involved one way or another.

”Talking down” the property market isn’t really irresponsible, @RazahFluffy .

YOU are irresponsible for repeatedly trying to goad people on here.

But forgetting that for a minute. What is this nonsense about “property is always the best place to park your money”…? are you sure??

Over the last 10 years UK shares have far outperformed property returning 134% versus 58%.

However there is no telling that to people like you who feel clever and wealthy for horsing a fundamental asset for living, and then crowing about it to everyone who may not have had the financial profile to get “interest only” mortgages etc.

I am an employer of people in my SME and I despair at the mentality of some like you in the UK who think they’re entrepreneurs or business people for buying a few properties and creating a small income and some capital.

Why not try and employ people, take a risk, make a business and bring success to the UK? you’re doing nothing but taking existing physical assets and profiteering off the misery of unavailability.

Folks, the OP is having a sarcastic laugh at the landlords and agents in the private rented property sector. It's very subtle humour, that is all. OP is putting out all the reasons why the UK residential letting sector is now broken. There is no more money.

This was the line that gave it away most -

This whole thing at the moment is a storm in a teacup, that's my point! They can always print more money if needed.

OP is very aware that QE and cheap money has now come to an end, after 25 years. That is the world now and the UK is not in its own vacuum.

Love it !

OP is very good at getting you lot to provide the evidence as to exactly why the UK housing market is broken and needs fixing.