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💪

The OP is from housepricecrash.co.uk, they've waited 20 years for a property correction and now it's finally about to happen they're gearing up to say I told you so.

Anyone sent the link for this thread to Martin Lewis yet?

Tone deaf indeed. Read the room op. It must be amazing to own a few properties and have lots of money, especially during a cist of living crisis.

Estate agent acting like a twat. Shock horror

Im a land lord and agree with the opening post.its called a housing ladder for a reason.everyone wants houses out with their budget.i am also a good land lord.i match the council on rent prices.have fitted new kitchens bathrooms and carpets before it goes on the rental market.tennant had a leek from property above got onto it immediately but as was in another property couldn't be dealt with as quick as we would have liked we have lowered the rent another 25£ per month until he leaves as he was inconvenienced.not all landlords are monsters.

YABU.

Your overuse of exclamation marks boils my piss!

Here for the deletion message.

Can you imagine a LL asking when your birthday is?

I mean the thread is nonsense and didn't happen but this info would be on your tenancy agreement.

Good one OP. Really had everyone going. 🙄

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

says the person heavily invested in it! 😆

This thread isn't a mystery. OP is an estate agent, her industry is facing a crisis and she's telling us a wee story on a platform with a wide national reach to try to improve confidence in house buying. It's all the handy hints on how to get on the property ladder and the 'you can do it' cheerleading that gives it away.

Certainly, where I am the market is buggered. House prices shot up last year and now with the increased cost of living and increased cost of borrowing no one is moving unless they have to. Pre pandemic in DS1's primary school year there was some family moving house pretty much every week. DS2 is at roughly the same stage at school now and it's very rare for anyone to be moving house.

It looks as though you are worried you’ll go into negative equity with your mortgaged properties. Much as I don’t relish the market going down for those, who’ve bought at the top end as they could lose their properties, house prices are unsustainable at this level.

From your posts, it doesn’t sound as if you’re old enough to remember the late 80s bubble and crash. It was carnage. You’ve only seen the 2008 crash and that was a mere blip. If you’re not reading up on that crash and the reasons behind it op, you should be. As for and affordability crisis and ‘buyers’ being realistic, your posts do not sound realistic. You don’t interact very often with people, who full stop cannot afford to buy at all. Those people aren’t buyers. They are being realistic.

I don’t think you’re getting just how hard it is for people to make ends meet. We lived in a little bit of a Goldilocks era over the past few decades, where wealth was more evenly distributed. This has already started to change. If this continues, wealth property and assets will be owned by fewer, richer people.

You don’t get to meet the people on minimum wage or benefits. Why would you? Perhaps in your bubble you don’t get how hard it is for many.

This graph is the prediction to where we are headed if rates continue the way they are. See the spike. That’s the late 80s pre crash. I didn’t own then and was petrified I’d never own a house. Then the market crashed massively. By then I’d met dh and we bought our first house in the slump. The years prior to us buying were carnage. People’s lives were ruined. Houses were being repossessed at an alarming rate. I know somebody, who managed, just, to hold on and they are incredibly frugal as a result.

All this carnage resulted in our buying a house in the mid 1990s worth 38% less than than it had a few years prior. The 1990s was actually a brilliant decade for hours buying as wages steadily increased toward the end of the decade and albeit prices rose significantly, house prices remained relatively affordable. This is where you joined estate agency by the sound of it.

Idk how you think the government can step in. They can’t just print money. They have already devalued the pound and decimated brand Britain with a series of policies designed to benefit the super rich.

They can't fall. The government is bound to step in.

There are flats near me in London that have sold for less than previously paid a few years ago...

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💪

Well done OP

A cross between Im Alright Jacques and Smuggy McSmuggerson from Smugsville.

So… you have interest only mortgages on your lets. Can you not afford them or something? Why should FTBs be ‘realistic’ because people like you have hoovered up houses that you can’t actually pay for?

Yes, I would have thought that was part of the basic info required. But if there's a family renting then I assume all family members will be getting gifts not just the person signing the tenancy agreement. OP sounds very generous after all. I also assume the hampers for Christmas are Fortnum and Mason.

If we're taking the thread seriously, obviously.

Haven't rft because OP is an ignorant moron with zero sense of what millions of people are facing financially at the moment.

I don’t think you’re getting just how hard it is for people to make ends meet.

there is no doubt whatsoever that the OP gets how hard it is. They are not living under a rock. It's on all the front pages, on every SM feed, on every TV channel and in every coffee shop conversation.

That's why this thread is meaner than mean. Some people enjoy a cheap laugh at the expense of others.

Don’t feed it, folks.

Population has gone up by a half in my lifetime - house building hasn’t. Immigration has had a huge effect.

What do you send your tenants for birthdays and Christmas though? That is now the mark of a good landlord...

Indeed, @BretonBlue rise above it we must 👍

I’ve reported OP for being a goady f**ker. I have and own my second house with my other half but honestly it was a struggle and we needed/need support. The OP has numerous houses and equity and probably along with being an estate agent is making a lot of money being a landlord.

I like the post from the landlord who matches the councils rent as that is fair.. if their mortgage is more than these payments than they should pay it.. no one should be paying what is effectively 2 x mortgage payments. My mortgage is around £600 a month but to rent my house I’d probably get about £800-£900 a month 🙄

Nothing like a good house price or covid thread to really rile people up, started at night as well...