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💪

Obviously this is what an estate agent is going to say 🙄The more expensive the house the more commission earned. You also suggesting people ask their parents/relatives to draw down off their pension is actually quite uncomfortable.

House prices are definitely inflated at this moment in time. Yes they increase in general terms but not at such a rate they have done in the last two years.

I think my favourite so far is "And anyway, we don't need to sell. I think the government will probably do something to help the renters out if they can't pay market rate." as if "Market Rate" is some kind of cast-iron guaranteed amount that can't ever possibly go down if enough people can't afford it.

The forum housepricecrash regularly trolls MN threads indeed they take glee in doing so. Just saying not implying and there was a long thread once on Money Saving Expert where a similar thing happened it ran for 63 pages but the site allowed pushback and analysis of the claims made.

www.housepricecrash.co.uk/forum/index.php

OP knows lots of people who genuinely can’t afford to buy as they are her tenants.

Her faith in The Government to prop up her BTL empire is touching.

You are seriously giving off bad vibes

(A bit late to the party and haven't read the whole thread)
But
this OP is a little troll, if they're an estate agent, it's a 'junior negotiator' in a polyester suit killing time, because, no work to do.

Well Mumsnet state "we've had a look and are inclined, for the moment at least, to give this poster the benefit of the doubt as has a decent track record with us and appears to have the expertise claimed" so it seem the OP is exctly right and the rest of the nation are all wrong. Its absolutely nothing to do with the OP being an EA owning rental properties and would suffer hugely possibly be out of work should the house prices crash.

Whatever happens no one can 100% predict The future but to advise peoto fleace their parents to fund a house with a possible impending crash is crazy and should be ignored.

🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕

The OP has inspired me. I’m going to just take the plunge and DO IT! I’m phoning out for pizza.

How is the weather in your lovely ivory tower of smugness?
And you patronising cow you do NOT let your tenants have your houses as their home - you rent them out to make huge profit so you can continue getting richer and if they pay you it IS their home and is not down to the graciousness of yourself.
Twat.

Only two comments is that the OP with their industry experience might realise geographical markets differ and that if a blip in 2008 is the extent of their experience then they might want to look at a little more history where negative equity affected people's lives.

This on both counts.

Bought (a v modest property) in 1990 (14.5% mortgage & endowment policy - happy days), following 'professional' and family advice 'things can only get better, blah, blah). Massive company restructuring/ downsizing 4.5 years later forced an unwanted but necessary geographical move. House prices were still slumping in the Midlands after all, despite all the talking up of the market and I had to sell for less than I bought. Hard-saved deposit would have been better in a savings account and me renting (which was my gut instinct all along). Many, many people had it much worse.

So-called professionals peddling market guesswork, without real experience to draw on, sickens me. OP, you cannot blame anyone for doubting your intentions. And as for asking parents to draw-down on pensions - are you even following current financial news?

@Furries Oh go on then!😂

So inspirational to exploit people and call it a business! How clever.

laughing my head off at this. Agreed

shills going shill their book and gloaters going to gloat

I would rather landlords didn’t own multiple houses so perhaps I could buy one one day but I guess I should be happy if I’m thrown a pizza express voucher for a meal I otherwise wouldn’t afford because I’m paying off someone else’s mortgage with astronomical rent.

This post is golden lmao. OP so entitled and has no clue 😂

OP, I invite you to count the number of exclamation marks you have used.

@Furries I'm currently making stew but it's nowhere near ready so I'll go half & half with you.

How very touching that the OP thinks that the government will/should bail out landlords who are getting their tenants to pay their mortgages for them.
(Newsflash for landlords: unless you're a landlord who is also a tory MP, or an awful lot richer than a small-time landlord, this government doesn't give a brass fart about you, so buckle up, buttercup, it may get very bumpy.)
Personally I'm not directly affected by house price/interest changes, unlike the op, who if she has a mortgage on her rented properties, is borrowing money to speculate on property values and financing that by charging rents, I only have one house and I live in it, and I have paid off my mortgage. But also unlike the OP, I am very concerned about the plight of those who are not in my position, people who can't afford to buy and/or are stuck paying extortionate rents to finance landlords' property speculations, or are facing large rises in mortgage payments when there is also massive inflation on food and fuel, and/or are facing the possibility of negative equity.

twitter.com/mikegalsworthy/status/1579778263270187014?s=46&t=CrCNqOGj-JvFl4GFSh7A3Q

@RazahFluffy this is rubbish my mortgage has just increased £332 a MONTH

OP, I think you have broken a record!!! For the most number of exclamation marks!!!! In a single thread!!!!!

Oh, and can I recommend The Big Short to you? Nobody in 2007 thought the housing market was grossly over-inflated. And yet it was.

You are quite clearly terrified of what might happen so trying in your own silly way to talk the market up.

Freeze the stew when it’s done, save it for a rainy day.

What pizza do you want? Any garlic bread?

!!!!!!

Maybe we should just print more money 👀

What nonsense!

@RazahFluffy why do you need more than one property?