Monday, Jun 28, 2010
Cautionary words from Sarah Beeny
Telegraph: Sarah Beeny: how to be a landlord
A sensible commentary from Beeny on the economics of buy-to-let. 'The problem, she believes, is that many – she would say most – people who entered buy-to-let in the past five years were sold a dream rather than an investment, and some have found that the figures don't stack up. "Buy-to-let was invented by mortgage brokers who thought it would be a good way to shift more mortgages," she says. "It uses the same business model as the subprime mortgage market in the States." '
Posted by quiet guy @ 10:30 AM (719 views) Add Comment
1 Comment
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1. bidin'matime said...
A simple analysis from someone involved in 'property porn' for a long time. Although to give her her due, Property Ladder is about buying, doing up and selling, not about BTL - so we cant blame her for that. But it is nice to hear someone well known to the public for sensible comment on property now telling them to steer clear of BTL, including because property prices are likely to fall.