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💪

So if there was a socialist revolution and your properties were to be seized how would you feel?

Because I think you would feel happy that the state was taking the burden of providing a social service off your hands.

😉

Nice shovel.

I think what @RazahFluffy is saying is that for the past 30 years they have been losing money as a result of their investments in properties, particularly the hampers they send to tenants and so they are looking forward to the drop in house prices that is coming, which means that their lack of profit will be bigger.

This is just the politics of envy.

I work a lot in the community, I'll have you know. Do you?

Sure would!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@RazahFluffy why would I be envious of someone who has been in business for 30years and hasn't made a profit?

And that's on top of being the best landlord around. It's hard work, but it gives me pleasure to see that I'm giving families a home.

Gotta admire your troll stamina OP. The latest part about you providing a social service is peak Mumsnet trolling. Brava.

I'm really, really upset at the posters on this thread.

It's just attack after attack, despite offering genuine, sensible suggestions on how to get on the ladder. Nothing will shake my belief that if we talk down the property market - the beating heart of what it is to be Great British, we send ourselves down a very, very dark path in this country.

How is ‘being the best landlord around’ decided? Is there a voting system? Are they asked immediately after the hampers arrive or on their birthdays? 🤔
Do you get an award? 🏆

I'm really, really upset at the posters on this thread

You yourself have really upset a lot of posters on this thread, you must realise that?

Well I'd have said that's obvious based on the thread.

It seems I'm 'weird' for giving my tenants Pizza express vouchers on birthdays. Ha!

It's clear from that that you all don't get them, and it's just another example of the envy we seen teeming through the posts.

Oh good God, get off the stage. I can't believe MNHQ has let this stand. Maybe they'll take it down if YOU ask them. Tell them you've got privacy concerns or something. You've got weapon levels of chutzpah, use them for something productive.

How?!

What have I done other than offer insight from years in the industry?!

but don't you think that fluctuations in the property market are cyclical.

Also we are not that influential. the property market is what it is. I am looking at buying a flat now, and the interest rate is 5.5%. When i last bought in 2019, it was 2.05%. This does restrict affordability. This affects all buyers, including cash buyers who are aware that mortgagors face such restrictions and therefore would only accept very cheap prices.

We have the highest interest rates in years and this will dampen the prices. in fact, i would be shocked if it didnt go down at least 20%. hence why all the posters are saying that (a) it is difficult for FTB to borrow money at such interest rates, (b) they do not encourage FTB to buy now when it could be 30% down next year and FTb typically have smaller deposits. Its basic economics.

No, you weren't.

It is weird to buy your tenants gifts. But you can’t see that either. I don’t get presents from my landlord because I don’t rent. 🤷‍♀️
Teeming envy? 😆

If you need it explaining to you that’s terrible.

What I've said needed to be said, for the good of the nation.

It’s an estate agent/amateur land Lord mortgaged to the hilt trying to make themselves feel better lol.

😂😂😂😂😂

Where did you do your creative writing course?

This is the most interesting post on Mumsnet OP, please do go on! I'm really enjoying it.

@RazahFluffy the insight I have gained from you is that you have been in the business of being a landlord for years and not yet made a profit, but yet for some reason I can't fathom are encouraging others to do the same.

I don't get a birthday happy from the bank I have a mortgage with.
I think I will ditch the mortgage and rent instead.

How is it good for the nation to have had businesses that have existed for years never making a profit?