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The world is too woke

MD

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About Me

Director of BTL property Co

my expertise in the industry

Experienced landlord

The world 's Recent Activity

Activist. Translation; bored and nothing better to do. Lives off our taxes.

From: The world is too woke 17 April 2024 12:22 PM

What the heck has it got to do with this guy?!

From: The world is too woke 17 April 2024 12:17 PM

Seriously Cardiff Council. This isn't to help anything. It's a grab. Scum bags.

From: The world is too woke 06 March 2024 18:01 PM

I'm 100% selling if tenants can give notice in under 6 months. Finding tenants is expensive and time consuming. It's hard enough if they stay just 6 months then move. Imagine two?! If reduced to 2, then I'm out of BTL. It's not worth the time. I already get tenants who use my properties as a 6 month gap while they buy, then I have to re-let it out. Makes it so unprofitable. I guess that's the downfall of me choosing nice capital appreciating areas over less desirable ones. But if I wanted time intensive rentals with tenants coming and going, then I would have purchased HMOs. Conservative have seriously screwed up. No chance I'll be voting for either party at the next election. Two turds on separate ends of the same stick. Thanks to fiscal drag and tax hikes, I am winding up another (retail) business. I decided last year. Since zero support for Directors during Con-vid. Furlough (and now NI cuts) payroll staff are getting - but what do Directors get who mostly work day and night? Zero pay/furlough/grants. We were forced to close and not trade and given nothing (apart from a loan that needed repaying - with interest!). And then we got reduced dividend allowance and an INCREASE in corporation tax! Businesses are leaving the UK in droves. I'm off to the Algarve or Spain within 3 years because there's nothing here but rain and unhappy people. I am only a small retailer. But over 50k VAT and 20k corp tax (plus employee taxes of 30k+) per year is leaving the UK from my retail business alone. Imagine all the millions of other businesses who've also had enough? I'm only 44 and could have bought the UK so much more. But they can forget it now. There will be uber rich psychopaths left and communism could be the only option. UK won't be coming back from the effects of what is being caused by crapping on businesses for a very long time. I would have liked to keep my UK investments (BTL properties) when I leave, but with all this nonsense going on, I'll be selling those too. The word Great is no longer in front of Britain.

From: The world is too woke 29 February 2024 09:04 AM

I have been concerned house prices will slump considerably with the high rates and stagnant economy - plus the fact that all bubbles burst without fail (we've certainly been in a bubble post-covid 2021/22. You only have to look in to car prices in the last month or two to see the time is here). However, because of the inflation, there is a good chance house prices will remain high (perhaps with a slight correction - as we are seeing now in some areas). Wage rises will help weather that storm too. There's also a risk that, when rates come back down, we get another boom of buyers and this will trigger further inflation. HOWEVER! There is certainly no "soft landing" coming - anyone who ever quotes this is uneducated in economics. The economy in general is recessing spending (i.e. recession!) But, it's a correction at the end of the day. It's necessary. Google interest rates vs recession. It's a 95% certainty IMO. Then if you still don't believe me, research the "inverted yield curve". Recession is carved in stone in to the near future, but it takes time to hit (like a slow moving train wreck). Most main retailers in the UK have started Christmas sales weeks earlier this year - because people are not spending - they're cutting back - they are skint - with no help thanks to food, energy and interest rates on credit cards etc. That means lower profits for companies, which means job cuts. That is when recession starts and rates will drop (at a very fast rate). But the government need you to keep spending (they make taxes from your spending) so they'll continue to tell you everything is fine. Batten down. It'll be bumpy. But we will thrive again. It's a just cycle. But I do fear for the over-leveraged with credit card debt coming out of their noses (if they lose their job, then they could lose a whole lot more). Especially when you look at past recessions and what it does for depression and suicide rates. But, again, governments won't warn you - they'll let people ruin their lives, because they need you to spend because it makes them money.

From: The world is too woke 20 December 2023 13:20 PM

I am a Limited Company landlord and have a Paragon mortgage with interest up 240% (not a typo) - I have allowed it to move to the SVR because the deals on offer are very poor and something is guaranteed to break eventually in this sham of an economy (the inverted yield curve to name just one). By moving over to this "fee-free" offer, it's an improvement. But I've just logged in to my Paragon Portal - and still interest is up 70%. No thank you! Similar business/portfolio lenders have a much more favourable SVR (we are talking over TWO PERCENT cheaper - a huge difference). I always liked Paragon the most (I have most mortgages with them) - until this renewal arrived a few months ago - and their greed has shone through (9.6% SVR with a 0.75% discount). Therefore I'll be paying down Paragon mortgages over my other lender mortgages and/or re-mortgaging elsewhere next year when the BOE base rate will conveniently start to reduce months before the general election (but probably sooner because unemployment hikes are definitely on the cards. I know almost every trade, and industry pretty well, and the data we are receiving - such as jobs numbers - is nonsense and is secretly adjusted a few weeks later - please DYOR if you are struggling to believe this).

From: The world is too woke 19 December 2023 10:04 AM

For me, it's the tenant's right to give 2 months notice the day they move in. If this goes ahead I'm selling my portfolio. I already have many tenants who rent for just 6 months who are between buying a house. That's enough faff as it is! We will be used for cheap short-term accommodation. Profits are already making it a pointless business to be in. When a tenancy is changed, it generally costs us a month or two in rent (in terms of time/rent lost/tenant find/snagging etc) so if that goes ahead, then it will become even less profitable, so, as Duncan Bannatyne says; "I'M OOT!"

From: The world is too woke 01 November 2023 10:58 AM

As usual prices not adjusted for inflation. Inflation is currently at 6.8%, so house prices have not fallen by 1% in London, they've fallen by 7.8%. Also, Inflation is NOT 6.8% - that's the biggest load of crap I've ever heard. It's more like 15%. So, house prices are technically down around 16%. Where I live (West Yorkshire), prices are considered doing "ok"(ish), but I can see houses that were 240k last year between 200-220k now. But the likes of Rightmove don't account for older listings information (where prices have been reduced) so all the data we get is nonsense anyway! Let's get this crash out of the way. It's inevitable. I just want it over with (mostly because I've a renewal due at the end of the month with an SVR at 9.35% 😬)

From: The world is too woke 31 August 2023 13:01 PM

I'm with you here. Massively put off by Landlird Today now.

From: The world is too woke 18 April 2023 08:53 AM

This just makes me more determined to pay the debt off and stick my middle up at lenders jumping on the pointless Green bandwagon. GO MYTHER CHINA ABOUT IT. The UKs 1% of emissions will make zero difference. It's clearly a hidden agenda. I used to laugh at people conspiring "they want us out" but after spending a year learning economics I 100% know what the BOE and it's ponzy scheme are up to. Very frightening times ahead. Everyone please stress test your portfolio (I'd say up to 8 or 9%. It won't go higher like the 70s because that'swhen houses were onky 1 or 2 years wage), sell a property if you have to free up funds. The rates will have to pivot eventually when the inevitable job losses come. We can beat this 💪

From: The world is too woke 24 October 2022 11:43 AM

Are they going to ban insurers and lenders putting rates up in that time too? Uneducated idiots making the housing shortage worse by even mentioning this nonsense - because we will walk away!

From: The world is too woke 02 September 2022 07:08 AM

Are your properies victorian? Probably not. So some of us landlords who've worked our back sides off to provide quality, energy efficient properties - and have spent considerable money already are still falling below C rating due to the house age - e.g. the brick type could make certain upgrades (such as cavity wall insulation) impossible. So if it's so easy - please feel free to send me the 90k I might need for my 9 x properties. Cheers in advance!

From: The world is too woke 08 February 2022 12:15 PM

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