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💪

You plunder your pension. Sell your house and give him the money. Push great aunt Agnes down the stairs. And if all that fails, do you really need both kidneys??

It's always Pizza Express isn't it

Now my colleagues know I'm not working as I literally laughed out loud at that.

"People talking about 'low interest rates being the cause of the market' - this is so weird I don't even know where to begin with it. It's supply and demand - and with property demand always exceeds supply, so prices go up. Did none of you do economics at school?"
I did economics at London University, actually. Where did you study it? And your description of property supply and demand is not just simplistic, it is proven to be wrong. Repeatedly.
A starter for 10 for you. Explain the two largest house price crashes in the last 50 years if, as you claim, 'property demand always exceeds supply, so prices go up'.
Oh, and another thing, general inflation can move in the opposite direction to house prices; it doesn't have to, but it can.

Completely tone deaf idiotic post she probably believes If I stop my daily “avo on toast” I’ll be able to snap up a property on my local government salary in sunny Oxford. But I’ll enjoy my voucher as I pay my extortionate rent!

Apologies if I'm in the wrong but I thought it was Winnie the Pooh who was a 'bear of very little brain' not Paddington

If anyone ever asks me why estate agents and landlords are ridiculed & despised, I’m sending them a link to OPs posts

@RazahFluffy Robert Maxwell was the catalyst for putting in protection for pension-fund that scenario could never happen again. Pensions also offer a good tax relief/avoidance strategy The property no longer does. The main advantage of shares pensions isa’s etc is that they don’t phone you at 3 o’clock in the morning on Christmas Eve to tell me that the boiler is broken with the expectation that it’ll be fixed there and then, never once have my share certificates bothered me like I have landlords when I’ve needed repairs doing. I had an excellent one who sent somebody round on Christmas Day to get our heating up and running but had he not I would’ve had no qualms of going round and knocking on his door until he did.

Are you making each post more annoying on purpose because your first post didn't ruffle quite enough feathers? Just READ THE ROOM!! 🤬

I know you are joking, but I do think this the is the Actual Tory Plan. What we are seeing is a land grab, in a deliberate attempt to reduce ordinary home ownership and make large landowners larger and reduce the number of owner occupiers and small landowners. I really do.

You keep telling yourself that if it helps you sleep at night. Meanwhile, the rest of us will be living in the real world and doing what we can to mitigate what's already happening.

@AuntSalli please tell me you're being satirical...if you're not I think this is one of the absolute worst things I've had said to me for a long, long time. Jesus wept

I think it's that you're not 'getting' economics.

Also, with mortgage interest rates even small changes and low values they still make significant differences.

E.g. £100000 borrowed over 25yrs would be paid at £386pm total repayable £115798 with the interest rate at 1.2%.

Whereas 100000 borrowed over 25yrs paid at £614pm with 5.5% the total repayable is £184226.

That is significant and only £100000.

He needs a partner I suppose. Tbh in my London borough, my MIL and her friends seem to have had help from their parents even in the 1990s. In that area, it wasn't easy even back then. DH and I lived rent free for three years with MIL before buying (we bought at the same age as her) so I suppose she was no better off than us...I think the difference now is that the money needed to supplement a child's deposit is so much more...

I work in the housebuilding sector and most newbuilds are sold before even completed, so I guess this gives little incentive to lower the asking price.

Taylor Wimpey are already back to pre covid profits.

I am speechless at how tone deaf you are - in fact if I'm honest you're close to making me cry. You actually have no idea about the real world do you?

OP's sweating.

Oh just fuck right off you stink ass troll. Trip trap back under your bridge and leave us un-landlord un-estateagent folk in peace.

You’re inspirational OP! You CHOSE to live in a time and buy when property prices were low(er) AND interest rates paltry. Amazing! I really admire you. Just how clever you’ve been by er… being born.

just a couple of questions:

1. how come you’ve not paid off those BTLs when you’ve been creaming interest and rates were so low and you’re SO clever?

and

2. will ye no fuck off now?

Just curious, what part of the country are you located in ?

@AuntSalli the banks are tightening their belts. I have screen shots of the amounts some banks have said they're willing to lend us. It's a lot lower now than last year!

Same circumstances, same deposit, same jobs & same top scoring credit ratings.

OP naively seems to think that people wanting to buy houses equals demand. It's doesn't - demand is controlled by the supply of credit from lenders. If borrowing money is too expensive then demand for properties drops because people can't afford them. Hence, house prices will drop to meet the drop in demand.

OP are you deliberately trying to come across as a twat?

Sadly they can't afford a property themselves, so that just goes to show again how tight and in demand property is!

I can’t say what I want to because it will be deleted but it starts with a C and ends with a T.

Pretty sure you can type cunt on here without automatically being deleted