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Well who needs tenants any more?
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jeffian
Posted: 19 January 2022 22:56:53(UTC)
#11

Joined: 09/03/2011(UTC)
Posts: 954
The OP has a point - inflationary increases are likely to outstrip income generated - but the answer isn't necessarily related to BTL properties. I started out my professional life in property in the highly inflationary 1970's and trained withe the old Greater London Council. They offered loans/mortgages to people and weren't as hard-nosed as commercial lenders. Accordingly, many people took out loans to buy property, never paid a penny piece back to the Council and waited for foreclosure which, as it was the Council, took ages. Thus they were able to live in the property free and then pocket the profit once it was repossessed, sold and any arrears paid off.

I'm not recommending this as a course of action, but if you're going to buy a property and leave it empty, you may as well live in it for free. It's a win/win!
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Stephen B.
Posted: 07 July 2024 14:48:59(UTC)
#13

Joined: 26/09/2012(UTC)
Posts: 794

Thanks: 27 times
Was thanked: 1033 time(s) in 476 post(s)
If this is what AIs are producing they aren't exactly ready to pass the Turing test ...
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8 users thanked Stephen B. for this post.
ANDREW FOSTER on 07/07/2024(UTC), Jay P on 07/07/2024(UTC), Thrugelmir on 07/07/2024(UTC), SF100 on 07/07/2024(UTC), Dentmaster on 12/08/2024(UTC), Tim D on 12/08/2024(UTC), Special Kloud on 17/08/2024(UTC), Forestbhoy on 07/09/2024(UTC)
ANDREW FOSTER
Posted: 07 July 2024 15:10:06(UTC)
#14

Joined: 23/07/2019(UTC)
Posts: 8,120



"Past performance is no guarentee of future returns".... as they say...
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Furniture man
Posted: 12 August 2024 23:32:07(UTC)
#16

Joined: 28/07/2019(UTC)
Posts: 9
Council tax will be big expense even when empty , tenants have a nack of depreciation of a property are things to consider
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jonathan rowe
Posted: 05 September 2024 14:21:15(UTC)
#17

Joined: 30/03/2018(UTC)
Posts: 176

Thanks: 48 times
Was thanked: 302 time(s) in 120 post(s)
Good luck getting decent priced insurance for a property that's going to be empty for more than 28 days.

A leaky roof is less likely to be spotted before water ingress does serious damage.

I did my own house up and had special insurance for self-builders/uninhabited property, was about 3 or 4 times normal price
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2 users thanked jonathan rowe for this post.
Tim D on 05/09/2024(UTC), Taltunes on 05/09/2024(UTC)
abu islam
Posted: 07 September 2024 07:11:05(UTC)
#18

Joined: 06/09/2024(UTC)
Posts: 5
Interesting perspective! It’s true that property values can appreciate significantly, and sometimes reselling can be more straightforward than managing rental properties. However, it’s worth considering the risks involved, like market fluctuations and potential costs associated with buying and selling. Diversifying investment strategies might also help balance risk and reward. Thanks for sharing your insights!
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