llazyiest
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no.. buy low sell high.. markets crappy now which is good for buyers. 10 years out things ought to be fine (if the planet hasn't imploded.) |
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thewozman
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hi. no its not. i'm completing on my first buy to let in the next few weeks and everyone keeps telling me the market is dropping etc etc BUT because i dont have any intention of selling the place for years, it cannot affect me. As long as you are lucky enough to be in a position where you are not forced to sell when the market is low, you cannot really lose |
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SUE G online
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its a good idea if you have the money to do that because property is always going up, property is a good investment, so when you come to sell you will have much more back than what you initially invested |
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Fed up UK Citizen
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if you buy to rent then the long term offers the best return and if long enough the rent pays for the property and you still own the property so no is your answer its a good idea. Remember to set the initial rent as high as possible as you can only increase by 10% every 6 months |
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raysor
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I think it is a good idea long term. In the UK there is always going to be more demand than supply. Do not over gear on your investments and make sure of your figures. Someone once told me: base your predictions on 3x the current interest rate. i.e. if you borrow money for a mortgage, could you make the repayments if the interest rate trebled? |
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riped off
 |
rite now is not good time to buy
but thats only my feeling i think they going to take a hit soon if the intrest rate goes up it will an if it goes down it also will
when farming is going through bad time the whole country will
ps i not from farming ppl but good rule of thumb |
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Ken D
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Only if you can cover the mortgage payment and make a profit on top. |
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Simon H
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No way would I invest in the present climate, all but the most optimistic productions say prices will fall and some are saying by as much as 25%. My advice would be rent for now and see what happens to the market over the next couple of years. |
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Bomber1961
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i think the bubble has burst in certain areas as there are more houses that people able to afford to rent,
there are to propertys adjacent to us that have been empty for about six months, |
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sparkey
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no way there will always be people who want to rent houses and the councils will not be able to cope just like now |
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psych_78
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Yes, because those b*****ds are the reason people now find it so hard to get on the property ladder. And also they are responsible for shabby, cheap renovations. In some instances they buy up nice period homes and remove their period features turning the houses into ****!! |
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