Friday, June 1, 2007
“It’s all over now baby (BTL) blue”
Buy to let - the sums stopped adding up once rates reached 5%
The housing market has run amok partly fuelled by buy to let speculators chasing capital gains whilst hooked on cheap credit. As the market turns that cheap credit has to evaporate and prices will stagnate or fall, the buy to let investor then has a 'market call' to make. Sell to protect gains - to then make peace with the tax man, or more likely cut their losses if they continued to buy from 2005 onwards...
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