The definitive example of why housing in this country is so ****ed up.
http://news.bbc.co.uk/media/avdb/new...04_16x9_bb.ram
These two lads were on the news last night. They own 2 BTL flats and are looking at buying 2 more but still live at home with the parents (probably becuase they cannot afford mortgage repayments as both look like they have crappy jobs).
Does it not strike you as irnonic that they are exactly the sort of people that are keeping themselves off the property ladder. Why are they suddenly labelled as property tycoons becuase they put 5k down on a house and use the rent to pay off the mortgage. At most they will be clearing £50 a month off the capital and the rest is just financing the interest.
I tell ya...when my prayers are answered and the interest rates go bang people like they are going to be ****ed over and it will make me so happy.
http://news.bbc.co.uk/media/avdb/new...04_16x9_bb.ram
These two lads were on the news last night. They own 2 BTL flats and are looking at buying 2 more but still live at home with the parents (probably becuase they cannot afford mortgage repayments as both look like they have crappy jobs).
Does it not strike you as irnonic that they are exactly the sort of people that are keeping themselves off the property ladder. Why are they suddenly labelled as property tycoons becuase they put 5k down on a house and use the rent to pay off the mortgage. At most they will be clearing £50 a month off the capital and the rest is just financing the interest.
I tell ya...when my prayers are answered and the interest rates go bang people like they are going to be ****ed over and it will make me so happy.

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