Some good news for Barnsley

Unless your the person selling the semi for £65k

When last year it was probably worth twice as much. :'(

 

There's nothing good about that nt

 

I'm sure *Windy would tell you there's lots good about the buy to let business

If you're a good landlord and gettrustworthy tennants what's wrong with it?</p>

Or is the problem with the original poster?</p>

 

I think it may actually mean,

that these are the areas of greater poverty hence people having to rent more. The property developers are having a shark like feeding frenzy at the expense of people having to sell due to the recession.Sorry sir but thats how that link reads to me.

 

I think you mean landlords.

</p>

As you can see the return is 8% IF you get maximum occupancy and IF they pay up. That's before the buy to let mortgage (which will swallow it all up) AND insurances, repairs, legal costs, income taxetc etc etc (which you have to find from somewhere else.) Hardly a feeding frenzy and those who have to sell are grateful there's someone who'll step in to buy at the moment, as are those who want to rent. It's a relatively safe place to put your money but the returns are very long term, my daughter will benefit much more thanI will.</p>

Also supported housing (drugs intervention, offender rehabilitation, young people leaving care, refugees etc) depends almost entirely on private landlords many of whom get their properties kicked to bits for their trouble.</p>

 

I've never understood people being upset by low house prices

Why is this a problem?

The house you will be buying will be less so estate agents commissions and mortgage interest in future, etc will be less.


Unless you have inherited the house. In which case follow the advice of the article and let it out.



Or if you have borrowed / remortgaged against the higher value and have negative equity in which case stay put.

 

can't believe that

a semi in darton for 65K, there's not many of them if any