Quote:
Originally Posted by eublues
If immigration stalled (unlikely I admit) the situation would go drastic. Already rents do not cover typical interest and other costs for landlords, and properties can be empty for months.
|
That might be the case in London but it certainly is not the case here.
Mind you, my rents have grown hardly at all in recent years, but only a few of my investment properties have mortgages on them.
One is with Mortgage Express. Every few weeks I receive from them a 'buy-to-let' magazine (which goes straight into the bin) with some deformed-looking freak on the front cover and a caption on the lines of 'I was an unmarried mother on skid row. Now I own a property portfolio worth £5m'.
That, of course, is exactly the kind of dangerous bullsh*t that should be discouraged,.