Date: Thu, 16 Aug 2007 09:44:44 +0100 From: johannes <johsnospamf-783763nospamme-itter.com> Subject: Re: The 'jabberwocky' returns from the smash repairer!
Adrian wrote: > > Johannes Andersen (johsnospamfitter.com) gurgled happily, sounding much > like they were saying : > > > Part of the problem is that speculators pick up houses purely with the > > intent of renting out or waiting to make a profit. > > Just as well, really, as otherwise nobody would be able to rent a house, > since there wouldn't be any landlords looking for tenants. They wouldn't need to rent if they could afford to buy. Renting is a vicious circle, it will never get them on the housing ladder. High house prices is also a problem for existing owners who don't want to move; their Taxes just goes up. The decision to rent is a short term one, it's fine if your stationed somewhere on an assignment, say less than 5 years. Then buying is not worth the hassle, risk and expense.