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Echis's  Personal Profile View my company profile

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Echis R
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About Me

my expertise in the industry

Echis's Recent Activity

Echis R
I saw the writing on the wall and I am now diversifying. Some of my money will be going to Direct Bullion. They are Spear's 500 recommended and it doesn't get better than that. The rest my money is going into buy-to-let cars which gives 11%. The first car assigned to me was a 2012 Vauxhall Astra. I have to sort out the clutch but after that it is pure profit. Let's keep trading guys.

From: Echis R 14 January 2021 16:19 PM

Echis R
Andrew Townshend, I take the point and thank you. The relevant category of renters may be short suited on respect for property and debt. They are also hard up, mistreated and with little to look forward to in life. Landlords who want to take their housing benefit to enrich themselves do so at their own risk. They want the government's hand out money for substandard flats but they want this without risk. That doesn't work. They have a filtering process when taking on new tenants. They can say no or yes but they need to stop whinging and beating up people with nothing in life.

From: Echis R 26 November 2020 17:34 PM

Echis R
"I am all for the more reasons to refuse benefit tenants the better." Well said David Crisp. We need to move these benefit tenants into shop doorways and cardboard boxes under railway arches. Even that is too good for them, these skiving filthy crooks. As a matter of interest where would you live if you had no money and would you steal for food if you were hungry?

From: Echis R 26 November 2020 16:01 PM

Echis R
Totally agree Michael. Things like housing support, school food, uniforms, nursery aid etc should be going to bigger tax payers. It is their money.

From: Echis R 25 November 2020 20:16 PM

Echis R
Robert Brown is right. We are OK and the whole idea is patronising. None of us want hand outs.

From: Echis R 25 November 2020 20:01 PM

Echis R
David, Is she on a £600,000 salary? If so, that is outrageous.

From: Echis R 07 November 2020 19:40 PM

Echis R
Richard Murphy is a chartered account and a professor. As such he deserves to be heard with respect. Lets keep it polite people.

From: Echis R 05 November 2020 19:18 PM

Echis R
Sue. This makes complete sense.

From: Echis R 01 November 2020 18:41 PM

Echis R
Paul How ever you look at it, BTL is not trading. You sit an asset and hope to make money. That's speculation. Fair enough but call it by its right name. If you have a problem with the plumbing, electrics or roof, you call in someone to sort it out. They are trading.

From: Echis R 29 October 2020 18:09 PM

Echis R
Your definition of trading is not the same as mine. Trading involves work.

From: Echis R 29 October 2020 16:50 PM

Echis R
If you are struggling, perhaps you should consider selling the property. There legitimate cases for bailing out some business sectors. Particularly ones that sustain jobs and are prevented from trading due to the virus. Buy to let does not really fall into either category.

From: Echis R 29 October 2020 11:23 AM

Echis R
Abolishing Section 21 will have little affect on professional companies letting out properties.

From: Echis R 21 October 2020 16:56 PM

Echis R
If all Landlords sold up tomorrow, prices would become more affordable and homeless families would "spiral" into homes of their own. The same properties do not vanish. Renting out is a professional service serving specific needs. Families need homes and long term security at affordable prices.

From: Echis R 21 October 2020 16:38 PM

Echis R
We need to set rents at levels that customers can afford. We should not be going to the government with begging bowls.

From: Echis R 25 September 2020 17:26 PM

Echis R
Everyone should be mad-keen to stop evictions. It is a devastating event for people on the receiving end. A small minority are chancers taking the proverbial but most are good people who have hit a rough patch.

From: Echis R 28 August 2020 21:36 PM

Echis R
Paul, fair points but this is similar to the Laffer curve conundrum. Above a certain level, the higher the asking price, the less income is made (on average).

From: Echis R 28 August 2020 21:20 PM

Echis R
The root of the problem is that rental costs have outstripped what the market can really afford. Tenants take on a properties they cannot afford and then fall into arrears. They get evicted and left with CCJ's. The owner is out of pocket. No one wins. The average return on property is a lot lower than the headline numbers. Scaling back rental prices will lead to a more stable and healthier market.

From: Echis R 28 August 2020 20:45 PM

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