Q:I thought you might like to listen to this
This is a clear "STAY AWAY from BTL as an investment" piece.
18 minutes and 22 seconds in (you can fast forward):
http://www.bbc.co.uk/radio/aod/fivelive_ao…live/wakeup_mon (http://www.bbc.co.uk/radio/aod/fivelive_ao…live/wakeup_mon)
If I was thinking about getting into BTL before listening to this I'd soon think again afterwards.
What effect do you think all these BTL people exiting the market will have… duh
His names BRUNO and most here know he talks out of his @rse, when it's not being used as an umbrella stand.
PM posts (has posted) under various other names on different web sites.
Personally, I think the posts from PM are hilarious – certainly not to be taken seriously – it lightens up the whole property debate.
With an over-supply of rental property in many parts of the country, a stalling housing market with prices falling in some areas, and a very tax hungry Brown eyeing them greedily and licking his lips, I smell blood in the BTL sector.:cry:
Some have managed to get out already but the hundreds of thousands of speculative, over-leveraged, johnny-come-latelies who remain are in for one hell of a kicking methinks.
tags: btl, patrick mcgoohan
posted in mortgage by admin
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