Re: Private market undermines social change
" renting *IS* more expensive than a mortgage, because rent=mortgage+insurance+maintainance+repairs+plus+plus+plus+plus."
Where does the capital growth fit into that arithmetic?
"I'd like to find the world you live in where non-mortgage costs of a building are negative."
Me too, but there seem to be huge numbers of people. especially in some parts of the country and some parts of the property market (residential AND commercial) that either don't see that or don't care.
And remember, BuyToLet landlords, the value of bricks and mortar can only increase, it can never go down. Negative equity never happened and never will. At least, not so long as the moneylenders friends are allowed to print money to protect their securities, safe in the knowledge that ulimately the taxpayer will bail them out when things go badly wrong, unlike almost any other business sector.
Biting the hand that feeds IT
