Friday, May 23, 2008
Pile in, boys
Bearish commentators love to raise the spectre of Middle England landlords being forced to dump their investment properties on an already fragile property market. A "buy-to-let" crash would appease the green-eyed monster that exists inside all of us. But however much we may wish for it, the reality is somewhat different. Many of those who have invested in property have done so to provide for their retirement - they will ride out these difficult times even if it means re-mortgaging their own home. The demise of the buy-to-let landlord is overdone.