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"Arthur Daley" Estate Agent practices


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On 6/8/2021 at 10:58 AM, Andy Onchan said:

Limited housing stock thus forcing up private sector rent.

It’s a double edged sword, if there was a shortage of rental properties then rents would also increase. A current BTL investor would surely look more towards serviced accommodation, you can almost earn a months rent in one week.

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11 minutes ago, Annoymouse said:

It’s a double edged sword, if there was a shortage of rental properties then rents would also increase. A current BTL investor would surely look more towards serviced accommodation, you can almost earn a months rent in one week.

There is already a shortage of rental properties and rents have already increased dramatically.

Edited by Roxanne
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4 minutes ago, Roxanne said:

There is already a shortage of rental properties and rents have already increased dramatically.

That’s not due to BTL investors though, who are more likely to sit an over inflated market out. Thats because people are playing the market, trying to sell at what they think is the top and are now sitting and waiting to catch a falling knife.

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1 hour ago, Annoymouse said:

That’s not due to BTL investors though, who are more likely to sit an over inflated market out. Thats because people are playing the market, trying to sell at what they think is the top and are now sitting and waiting to catch a falling knife.

I think people forget just what a small number of people you need to really alter the market here.  Be that for sales or lettings.

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2 hours ago, Annoymouse said:

It’s a double edged sword, if there was a shortage of rental properties then rents would also increase. A current BTL investor would surely look more towards serviced accommodation, you can almost earn a months rent in one week.

There's no shortage of rental properties, the shortage is in properties with affordable rent.

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  • 1 month later...

We wonder how our young people struggle to get on the housing ladder...? (Source, 3FM News)

Screenshot_20210803-175135_Chrome.jpg

Edited by Non-Believer
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4 minutes ago, Non-Believer said:

We wonder how our young people struggle to get on the housing ladder...?

Tough shit young people (or not-so-young people). There may be a housing shortage. There may be a water shortage. There may be a health care shortage. Much more importantly though, there's a public sector pensions funding shortage and that necessitates bloating the population to keep the Ponzi scheme going, keep the lucky recipients in gravy and bugger the rest of the population. 

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The market is over-heated as we are approaching a period of inflation as we feel the effects of the huge money printing, economies opening up again and the price of raw materials going sky high. Money is looking for a home and it's going into a whole number of assets. 

Once that dies down and we enter deflation the same properties will be available for a large discount on today's prices and our estate agents will go back to eating bread and water again.

Edited by Danoo
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On 6/2/2021 at 8:03 AM, Pipsqueak said:

i heard rumours a few years ago of a certain estate agent valuing  your house before effectively  buying it themselves and then  selling it on a short while after at quite a profit.

That is absolute bullshit as are most of the posts in this thread.  

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One thing I have heard is common practice is Douglas Corporation building control officers have enforced heavy handedly on owners of dilapidated properties that can't afford to do them up and then they've made a cheeky side offer to them to buy it on the cheap, do it up, sell it on.

Happened a number of times over last 5 years supposedly.

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5 minutes ago, NoTailT said:

One thing I have heard is common practice is Douglas Corporation building control officers have enforced heavy handedly on owners of dilapidated properties that can't afford to do them up and then they've made a cheeky side offer to them to buy it on the cheap, do it up, sell it on.

Happened a number of times over last 5 years supposedly.

Admin please pin this to front page as “Man in Pub said” example of uneducated lazy shit posting - thank you 

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1 minute ago, Mr Helmut Fromage said:

Admin please pin this to front page as “Man in Pub said” example of uneducated lazy shit posting - thank you 

I mean one of those officers in that department was bragging about it to me 🤷‍♂️

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