My wife's uncle is a good example of one of these people. He is well off from a previous business venture. He has bought six properties in the Ballymena and east Belfast area over the past year around the 200K mark on interest only mortagages. He is renting these for around 500 month so he must be losing quite a lot. Interestingly, he has no plans to sell the properties. He is in this for the long haul. His rationale is that he thinks that there is only a finite number of good properties in towns in Northern Ireland and people will want to live close to work, especially if fuel prices/ car taxes go up. People will therefore not own properties but will have to rent (as in other countries such as Switzerland or in cities such as New York and London). The rental market will therefore become lucrative in the long term. I'm not sure I agree with his logic, but these are his thoughts.