BLT or Pension??

Yep,

Back in the days when you could get 12% yields, I made about 4 K pa after expenses on 80K of investment. I had demanding, akward tenants and for the hours I put in I could have worked overtime at work for the same money.

It was only because I made a great capital gain that it was worthwhile.

I would touch being a landlord at 4% yields with a shitty bargepole

tim

I take it these users are yourself?

ISTM that you have had some reasonable replies and it just shows your lack of experience in these matters if you can't see that, IMHO.

tim

That pension pot is a pessimistic estimate. Your estimated rental is an optimistic figure. Rents have not gone up 5% pa compound in the last 8 years. I would be suprised if they have gone up 1% pa.

tim

He asks questions and then disagrees with honest answers he doesn't like. Which begs the question, why bother asking in the first place?

When the great economic collapse happens savings won't be worth anything, but if you've paid off a house you at least have somewhere to live :P

You won't get anything like 5% rental increase per year. Round my way, rents haven't really gone up at all in the past ten years.

In message , Ronald Raygun writes

Ah! Yes! The Arable Percentage Rate Quotation Rules!

More than enough. A lot of the land is set-aside so isn't producing anything. But it could.

Round Kingston Upon Thames, I saw the same flat I once rented advertised for the same as I rented it 6 years ago - It hadn't been improved since then, and the market was pretty soft with offers well below the advertised rate being taken up, so I reckon on that one flat it's probably dropped over 5% in the 6 years.

Jim.

"vilemerchant" wrote

Yeh, it'll just be big guns that are worth something when the state of anarchy starts...

"vilemerchant" wrote

Nope - it'll be the next guy with the bigger gun, who will get to live in your house!

Well, f*ck me. I thought I'd heard everything until I read about that.

Daytona

Ah, but very shortly after that, it'll be the ammunition that's valuable!

tom

I don't have the interest in correcting you in all your mis-informed generalisations and reality proves to me you do not have a handle on what your talking about. But just 3 quick points. 1 Check Hansard, Dep PM quotes council rents rising annually for London culminating at 2012 at 12.5% increase.

Well get on with your investment then. You clearly don't need advice.

So buy a council house in London then, and sell it in 2012.

Yes, I'm sorry, you're quite right, over 4 years prices rose 10% so obviously that proves that they'll carry on rising at that rate for the next 40.

They generally use figures they are told to use by the FSA. But don't let that worry you.

Yes, you've really educated us! Thanks! I'll go out and cash in my pension tomorrow and buy 10 BTL properties!

"Andy Pandy" wrote

He'll probably find at the end of the 40 years, that he *did* "need" advice... :-(