Re: house prices - always and forever upward?


"Miss L. Toe" <missltoemissltoe@xxxxxxxxxxx> wrote in message
news:460a1704$0$97215$892e7fe2@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The other question is:
"Should these BTLers have some moral conscious about talking properties out
of the market for first time buyers ?

No. They are making the properties available, albeit to rent rather than buy. People
in this country are too obsessed with buying property - in the current market renting
is arguably better value, at least in the short term. So provided they aren't
"wasting" property by deliberately leaving it empty, they have nothing to feel guilty
about.

The ones who should feel guilty are those who buy second properties which they only
use at weekends, or two weeks a year, and leave them empty for the rest of the time.
And those who buy a house much too big for them, like a couple with no kids getting a
5 bedroom house. They are wasting property and contributing the the housing shortage,
driving up prices, and causing more of our countryside to get ploughed up to build
more houses.

--
Andy



.

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