Tuesday, May 29, 2007
BTL swansong?
Times: From a rich man’s game to retirement scheme for the masses
A disgusting piece of bad journalism still encouraging to invest in BTL for one's pension "the demise of the first-time buyer, as more young people are priced out of the property market, is good news for landlords" and "they are worth well over £120 billion, contributing £30 billion to the economy each year, according to ARLA".... are these b@****ds contributing to the economy???!??!?
Posted by confused76 @ 11:18 PM (23 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
1. Eric Pebble said...
There can be no doubt at all: The proliferation of BTL buyers has driven the housing "market" into a frenzy and frothed up prices to the ludicrous extent we see now. It has nothing to do withh "socialist envy". Many, many people have been priced out. Immigration, lax mortgage lending practices, and often criminal practices - i.e. Mortgage Fraud, which is grossly under-estimated or investigated, have all played their roles. It is simply inequitable that people even in their 30s should be priced out of obtaining a roof over their heads by many greedy property speculators. It just isn't right. This sort of thing used to be the practive of what were once called "spivs". We have become a nation of spivs. Naturally, G Brown' various actions such as his destruction of pensions and his sly, underhand stealth taxes have not helped at all. But the tripling or even quadrupling of house prices is having a terrible effect on this country. It is country of blatant haves and have nots. Polarisation.
2. sovietuk said...
"The rise in single-person households, immigration and the demise of the first-time buyer, as more young people are priced out of the property market, is good news for landlords."
And some people wonder why the United Kingdom has problems.