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💪

I haven't enjoyed a thread this much since the one where we had a poster explaining that Boris was only responsible for the party entertainment and pot plants!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

It’s patronising wankery of the highest order.

Here are the worse BTL devils for whom hell will never be hot enough.

www.dailymail.co.uk/news/article-5970277/Britains-biggest-buy-let-landlord-kicks-four-single-mothers-properties.html

I can't for the life of me imagine why OP is so keen to announce to the internet that she's a clueless idiot with about as much empathy as my left buttock...and yet here she is continuing to perpetuate that image

That was over four years ago did anything actually happened to him ?

hell is still waiting - he's turned into Victor Meldrew.

www.dailymail.co.uk/news/article-10800853/Multi-millionaire-dubbed-Britains-worst-landlord-pay-125-000-hounding-Ashford-council.html

This is the wrong way to look at it. Giving is better than receiving.

Get yourself a buy to let, and then give your tenants the vouchers!

I was considering getting a buy to let with my sisters @RazahFluffy but apparently there is no profit to be made from it, so I'm OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well done MMHQ give your unpaid intern a badly paid job and we can all go back to knitting.

Fuck my life!!!!!!!!!!!!!!!!'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I can’t believe this shite is still going'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ah well, time to do my bit and order another 🍕

After all the attacks people have made on me, I think I'm allowed one silly comment 🙄

Property

More than one silly comment, you’ve generally made yourself look like a prized tit 😉 as is the estate agent way though!

We've been royally had. 10/10 for a word I'm not allowed to mention.

I think the point you are missing OP is that the 1 bed flat in the 1990s that was c£25k was just about do-able for two people on minimum wage to get a mortgage on. That same flat now is more expensive of course but wages haven’t increased in line

for example. I bought a 2 bed flat in 1999 for £40k. I was able to be flexible about my earnings as we were able to self certify back then. I was on £9k a year. The mortgage was £350 and my take home pay was very low. However I managed it. That same flat has gone on the market now for £195k. However to buy that flat now I would have to earn around £50k a year. Similar wage to I was on in 1999 would be c£25k a year. The maths just doesn’t work

i was fortunate to buy when was lower salary to price ratio and have worked my way up. There is no way now I would be able to buy that flat if I was on £25k. Yet it was a starter flat above shops so designed for just the kind of person on that salary.

Ahahahahahaha!

I've never ready anything so clearly written by an estate agent.

I think the shark has well and truly been jumped now. 🦈

Just. Stop.

jeeez

I bet @RazahFluffy gets her tenants' Pizza Express vouchers free on her Tesco Clubcard.

Well she would do if this were real, anyway.

LOL, this thread is THE hardest sell I’ve ever had from an estate agent, and that’s saying something!

Good luck OP, your commitment to single-handedly boosting the overpriced property market (and your own portfolio) as we lurch into recession is almost admirable!

Don't forget though they have never made a profit.

So why aren't your mortgages paid off?

I completely missed this bit 😂 so the money she earns from rent only covers the mortgage and they’re interest only mortgages?! I presume she’s making money if she sells the property though? So she is making a profit? But is unaware and thinks she’s operating a pUbLiC sErViCe?

@RazahFluffy I get that it’s nice to own a property (it’s your own home, it gives you stability, you’ll pay the mortgage off eventually so will own it fully one day etc…)

What I can’t understand though is - why are you encouraging people on here to leave their job/town/family and friends and change their lifestyle completely just for the sake of owning a property?? That’s madness. And it’s a bit rich coming from you, considering there’s no indication from any of your posts that you had to do any of that. Stop preaching!!

Because debt is wealth! The super rich always collateralise their assets, and I'm just following that model.