Sunday, June 15, 2008
The Bricks Chick suprema hits again
"it is not a good time to sell a house, a lot of people are not doing so. They are staying put and hoping the downturn will blow over (which, in due course, it will). So, because nobody is selling much, there is a growing volume of people who want to buy, but can’t. In the meantime, because they need to live somewhere, they are renting. There’s a second group - whom I rather disparagingly described as vultures in my column last week - beady-eyed purchasers who hope to get a bargain if they hang around for long enough. These people are also renting. Then there are those who are in the rental market, because renting suits them or because they can’t afford to buy. Yet. Meaning what, dear reader? It is a jolly good time to be a buy-to-let landlord"