Interest rates up 0.5%!

[tforturton]

The biggest problem in this country has been the rise of buy-to-let. There are a lot of things that caused it's sudden rise in popularity - a safe place to put those big pension pay-outs, a better return than anything at the banks, consistently low lending rates, and a lot of people looking for somewhere to live. As a result, there is a dire shortage of reasonably priced places for sale, and this only serves to push the prices up.

[SLUDGE FACTORY]

The biggest problem in this country has been the rise of buy-to-let. There are a lot of things that caused it's sudden rise in popularity - a safe place to put those big pension pay-outs, a better return than anything at the banks, consistently low lending rates, and a lot of people looking for somewhere to live. As a result, there is a dire shortage of reasonably priced places for sale, and this only serves to push the prices up.

The reason why it came about was Thatcher encouraged people to flash the cash and many needed no second push

And the sale of council houses .....indefensible......led to a lot of people needing somewhere to live

The knock on effect of that selfish society is still around now

And of course the need for more housing has increased the attractiveness of renting out properties now .......people are desperate

Whilst there are some good landlords out there and some people prefer to rent at various points in their lives most are in it .....for the huge pots of cash they can make . And if any of them say otherwise they are lying . Entering into buying houses to rent out is a very good way of getting wealthy, mostly at the expense of other people .

It's appalling that some landlords have made a packet out of buying , selling and renting out former council houses .

It's a rotten , selfish society . Started by that silly bitch and never really turned around . Free market bollocks .

[A Quiet Monkfish]

The biggest problem in this country has been the rise of buy-to-let. There are a lot of things that caused it's sudden rise in popularity - a safe place to put those big pension pay-outs, a better return than anything at the banks, consistently low lending rates, and a lot of people looking for somewhere to live. As a result, there is a dire shortage of reasonably priced places for sale, and this only serves to push the prices up.

What's the difference between rental privately and through the Council, ie Housing Associations ? People need to rent for lots of reasons.