I currently have a certain amount to invest for a deposit on a reasonable sized property in the North and am considering buy to let over alternative investments. My basic (though perhaps naive) question is ; are there still short, medium and long term benefits to be had in this market
While you can't take tax a population and hand over their money to migrants making fraudulent claims - only a space cadet would argue otherwise - the real problem is that New Labour are more thatcherite than Thatcher. In this instance it has meant government involvement in housing is now virtually nothing. There's no social/affordable housing for Mr. or Mrs. Daily-Grind who can't afford market rates, as in order to qualify for help you have to be 'needy' - ie. a mentally ill, one-legged, single parent from Afghanistan. As the oppositon party is an even more whacko right-libertarian 'privatise the air' outfit, it's easier all-round to just keep blaming some gang-exploited migrant for the now unbelievably bad housing crisis.
Now that the Utility Windfall Tax money has gone, the right-wing government lacks any ability to put progressive programs into action. What you have left is the rich and corporations enjoying a friendly tax regieme while Joe average can't make ends meet and feels badly 'overtaxed'.
Whenever extreme freemarkteers like Blair and Brown are in office the middle class shrinks and the poor are trodden into the mud.
Yeah well they have religious convictions, which is always the tip of the iceberg. They may thinks it's fine to have babies in your 50s but the rest of the population would rather have them at a more biologically appropriate time.
Do what I did and bought a flat with a tennant already in it, you can just see if they look after the place and you can ask what the landlord was like over repairs etc....................I am doing very well out of it and I have a delightful tennant
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