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Hrolf The Ganger 02 Mar 19 5.28pm
Originally posted by Midlands Eagle Mortgage rates are very reasonable with many available at under 2% pa which is much better than the 15$ to 19% 30 odd years ago. It's true that house prices down South are wickedly high though with the house that I sold in West Sussex in 1984 for Ł100,000 being sold again last year for just over Ł1m There is an alternative available to many people though and that is to move away from the area. A friend of mine is a nurse and she rents a ten year old two bedroomed flat in Staffordshire for Ł600 per month as well as running a brand new car Clearly, house prices are at the heart of the problem. The only solution is to build more houses and slow the crazy immigration driven rise in population. Sure you can move to a cheaper area but this is not practical or desirable for all.
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Hrolf The Ganger

02 Mar 19 5.28pm

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Originally posted by Midlands Eagle

Mortgage rates are very reasonable with many available at under 2% pa which is much better than the 15$ to 19% 30 odd years ago.

It's true that house prices down South are wickedly high though with the house that I sold in West Sussex in 1984 for Ł100,000 being sold again last year for just over Ł1m

There is an alternative available to many people though and that is to move away from the area. A friend of mine is a nurse and she rents a ten year old two bedroomed flat in Staffordshire for Ł600 per month as well as running a brand new car

Clearly, house prices are at the heart of the problem.
The only solution is to build more houses and slow the crazy immigration driven rise in population.

Sure you can move to a cheaper area but this is not practical or desirable for all.

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deleted user 02 Mar 19 5.42pm
Originally posted by Hrolf The Ganger Clearly, house prices are at the heart of the problem. The only solution is to build more houses and slow the crazy immigration driven rise in population. Sure you can move to a cheaper area but this is not practical or desirable for all. You're right on both counts of course, especially looking at the recent non EU immigration figures. But what government is realistically going to do anything about either of these things?
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deleted user

02 Mar 19 5.42pm

Originally posted by Hrolf The Ganger

Clearly, house prices are at the heart of the problem.
The only solution is to build more houses and slow the crazy immigration driven rise in population.

Sure you can move to a cheaper area but this is not practical or desirable for all.

You're right on both counts of course, especially looking at the recent non EU immigration figures. But what government is realistically going to do anything about either of these things?

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Mapletree Croydon 02 Mar 19 5.58pm
Originally posted by Hrolf The Ganger I understand all that but don't tell me that most landlords don't make a huge profit on their properties. Good luck to them I say but don't tell me that they need to charge that much. It is about charging what you can get away with like most commodities. In London, probably mostly around 5% before tax So nothing special
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Mapletree

Croydon 02 Mar 19 5.58pm

Originally posted by Hrolf The Ganger

I understand all that but don't tell me that most landlords don't make a huge profit on their properties.

Good luck to them I say but don't tell me that they need to charge that much.
It is about charging what you can get away with like most commodities.

In London, probably mostly around 5% before tax

So nothing special

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YT Oxford 02 Mar 19 6.27pm
Originally posted by Hrolf The Ganger You are correct but even with low interest rates, mortgages are still very expensive in terms of percentage of earnings. I believe that house prices are more about supply and demand but obviously, there are other inflationary factors as you suggest, Possibly so - I don't have the stats - but that doesn't back up your earlier comment "well if banks didn't charge so much for mortgages...". Perhaps you meant "well if banks were less willing to offer mortgages ...' Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)
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Oxford 02 Mar 19 6.27pm

Originally posted by Hrolf The Ganger

You are correct but even with low interest rates, mortgages are still very expensive in terms of percentage of earnings. I believe that house prices are more about supply and demand but obviously, there are other inflationary factors as you suggest,

Possibly so - I don't have the stats - but that doesn't back up your earlier comment "well if banks didn't charge so much for mortgages...". Perhaps you meant "well if banks were less willing to offer mortgages ...'

Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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Tom-the-eagle Croydon 02 Mar 19 7.04pm
Originally posted by Hrolf The Ganger I understand all that but don't tell me that most landlords don't make a huge profit on their properties. Good luck to them I say but don't tell me that they need to charge that much. It is about charging what you can get away with like most commodities. I can tell you that most landlords don't make huge profits from their properties. You are currently lucky to get a 4% yield in the South East. Would you call 4% over a year a massive profit? "It feels much better than it ever did, much more sensitive." John Wayne Bobbit
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Tom-the-eagle

Croydon 02 Mar 19 7.04pm

Originally posted by Hrolf The Ganger

I understand all that but don't tell me that most landlords don't make a huge profit on their properties.

Good luck to them I say but don't tell me that they need to charge that much.
It is about charging what you can get away with like most commodities.

I can tell you that most landlords don't make huge profits from their properties.

You are currently lucky to get a 4% yield in the South East.

Would you call 4% over a year a massive profit?

"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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Hrolf The Ganger 02 Mar 19 7.44pm
Originally posted by Tom-the-eagle I can tell you that most landlords don't make huge profits from their properties. You are currently lucky to get a 4% yield in the South East. Would you call 4% over a year a massive profit? I'm always a little puzzled by this. How does a landlord who owns a property outright only make 5% profit when they are often charging more than the mortgage cost for a house or flat?
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Hrolf The Ganger

02 Mar 19 7.44pm

Originally posted by Tom-the-eagle

I can tell you that most landlords don't make huge profits from their properties.

You are currently lucky to get a 4% yield in the South East.

Would you call 4% over a year a massive profit?

I'm always a little puzzled by this. How does a landlord who owns a property outright only make 5% profit when they are often charging more than the mortgage cost for a house or flat?

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YT Oxford 02 Mar 19 7.54pm
Originally posted by Hrolf The Ganger I'm always a little puzzled by this. How does a landlord who owns a property outright only make 5% profit when they are often charging more than the mortgage cost for a house or flat? Tom was talking about yield, not the margin over and above any mortgage. Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)
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Oxford 02 Mar 19 7.54pm

Originally posted by Hrolf The Ganger

I'm always a little puzzled by this. How does a landlord who owns a property outright only make 5% profit when they are often charging more than the mortgage cost for a house or flat?

Tom was talking about yield, not the margin over and above any mortgage.

Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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cryrst The garden of England 02 Mar 19 8.04pm
Originally posted by Tom-the-eagle I can tell you that most landlords don't make huge profits from their properties. You are currently lucky to get a 4% yield in the South East. Would you call 4% over a year a massive profit? That would depend on how much in dough that it is 4% of.
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cryrst

The garden of England 02 Mar 19 8.04pm

Originally posted by Tom-the-eagle

I can tell you that most landlords don't make huge profits from their properties.

You are currently lucky to get a 4% yield in the South East.

Would you call 4% over a year a massive profit?

That would depend on how much in dough that it is 4% of.

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YT Oxford 02 Mar 19 8.12pm
Originally posted by cryrst That would depend on how much in dough that it is 4% of. I don't understand where you are coming from with that comment. Are you saying that a 4% profit is reasonable if it represents a modest amount in monetary terms, but it's excessive if it represents a large amount? Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)
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Oxford 02 Mar 19 8.12pm

Originally posted by cryrst

That would depend on how much in dough that it is 4% of.

I don't understand where you are coming from with that comment. Are you saying that a 4% profit is reasonable if it represents a modest amount in monetary terms, but it's excessive if it represents a large amount?

Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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Pussay Patrol 02 Mar 19 8.16pm
Originally posted by Tom-the-eagle I can tell you that most landlords don't make huge profits from their properties. You are currently lucky to get a 4% yield in the South East. Would you call 4% over a year a massive profit? Yes, and i'd tax it around 50% Paua oouaarancě Irŕ chiyeah Ishé galé ma ba oo ah
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Pussay Patrol

02 Mar 19 8.16pm

Originally posted by Tom-the-eagle

I can tell you that most landlords don't make huge profits from their properties.

You are currently lucky to get a 4% yield in the South East.

Would you call 4% over a year a massive profit?

Yes, and i'd tax it around 50%

Paua oouaarancě Irŕ chiyeah Ishé galé ma ba oo ah

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Hrolf The Ganger 02 Mar 19 8.27pm
Originally posted by YT Tom was talking about yield, not the margin over and above any mortgage. I get that but how is this yield calculated? How do we arrive at a figure of 4% on a property with no mortgage on it and a rent in excess of the monthly costs of actually buying the property?
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Hrolf The Ganger

02 Mar 19 8.27pm

Originally posted by YT

Tom was talking about yield, not the margin over and above any mortgage.

I get that but how is this yield calculated?

How do we arrive at a figure of 4% on a property with no mortgage on it and a rent in excess of the monthly costs of actually buying the property?

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