Monday, July 14, 2008
Stuatz: Buy to let prospering and providing a valuable service
Has anyone else noticed the way the VIs all quote each other to back themselves up? Here, Stuatz produces a quote from Arla which is, even by Assetz standards, completely ridiculous: "It was as a result of the appalling effects on young owner occupiers last time that Arla took the initiative and launched buy to let...to mitigate the dreadful social consequences of housing boom and bust." So there we have it. Buy to let is a kind of "social initiative" designed to protect poor FTBs from boom and bust.