Tuesday, October 22, 2013

Buy to let

Hugo Rifkind is wrong to imply that buy-to-let is a "money for nothing" phenomenon:  http://www.thetimes.co.uk/tto/opinion/columnists/hugorifkind/article3900619.ece . 

Owners of buy-to-let properties are exposing themselves to considerable risks, not least the risk of buying an asset that could fall in value - perhaps fall dramatically in value.

Not to mention the risk of damage by tenants, and the risk of non-payment of rent (and it would seem that whatever the safeguards, a bad tenant can do a lot of damage and run-up considerable arrears before they can be ejected, and if they have no income the money often cannot be recovered).

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