Re: 'Wilson' rules for property fortune?

Why are they parasites? Anyone and everyone is free to buy houses, generally by using available cash, and loans from lenders.

Clearly not everyone is able to buy houses, but I know of lots of people who were well able to buy in the mid/late '90's, and didnt, due to fear of losing money - they wouldnt have, of course .

These "parasites" have merely had the bottle to take the risk, invested big style, and it seems to be paying off.

In a sense, they are also providing homes for people who cant, or dont want to, buy their own property. Bit like the producers of fish fingers, who provide them to those of us who cant make them ourselves.

In a roundabout way, the lenders pay us interest on our savings, relend the money at a margin, and borrowers repay the lenders out of their own funds, e.g. wages, rental income, profits on sale, etc..

So without the parasites, there would be no interest paid for people to live off their savings, and the economic world would come to a grinding halt

Richard Faulkner

They are running a business. They plough the profits back into the business. The income comes from the rents which their tenants pay.

The building society financed their gamble, whilst quite possibly parasites who didnt work rented out the properties, financed by unemployment benefit paid via tax on the the wilsons teaching salaries.