If you could afford it, instead of selling your house, rent it out and buy another one. Several of my past bosses who owned their company also had rental properties (usually their old house or a second house). Sometimes they took care of it themselves, other times they let an agent manage it for a fee.
This is got to be killing the income of self-made men.
I have no sympathy. Buy to let is literally a cancer on the housing market.
If you want to know why your parents bought a big ol' house for 35k while you are expected to stump up 500k for a shitty apartment, buy to let mortgages is the reason
(and foreign investment into the housing market also)
Banks created and promoted them, because they reduce the supply of homes, increasing prices, increasing mortgage profits for the (((banks)))
Sounds like communist propoganda I know - but it checks out
[ + ] theBreadSultan
[ - ] theBreadSultan 5 points 2.7 yearsAug 4, 2021 19:47:12 ago (+5/-0)
If you want to know why your parents bought a big ol' house for 35k while you are expected to stump up 500k for a shitty apartment, buy to let mortgages is the reason
(and foreign investment into the housing market also)
Banks created and promoted them, because they reduce the supply of homes, increasing prices, increasing mortgage profits for the (((banks)))
Sounds like communist propoganda I know - but it checks out
[ + ] SmellsLikeTacos
[ - ] SmellsLikeTacos 1 point 2.7 yearsAug 4, 2021 21:18:44 ago (+1/-0)