On the subject of BTL'ers been in it for the long term... I think it is remarkably easy to hold an investment for the "long term" when you are in a raging bull market and seeing YOY gains... I am intrigued as to how many will be in it for the "long term" when everybody else is running for the exits? How many are true investors prepared to hold, and how many are speculators counting on equity gains who will puke at the first sign of a fall... we shall no doubt find out.
As Warren Buffet says, when the tide goes out, we shall see who has been swimming naked...