Comments by "gerhard7" (@gerhard7323) on "Is Buy to Let Sector in Terminal Decline?" video.

  1. Aye. The taxpayer is often effectively subsidising private BTL buyers through these benefits. It's insane.
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  2. Despite the supply side myth there's enough housing, but housing and the profitable debt at interest attached to it has, unfortunately, come to form the backbone of the UK economy. Golden Rule: Take a basic human need and attach as much debt as you can to it and end up on the right side of the ledger.
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  3. You will own nothing and you will be happy.
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  4. Bombshell, but the private BTL market really only took off proper in the 1980s.
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  5. Unfortunately the UK needs a long overdue period of uncomfortable destructive capitalism. House prices need to fall to far more affordable, sustainable levels as they were in the not so distant past. The average house could be bought with 4x the average salary at the end of the 70s whilst today it's over 8x. Overall lack of housing stock is far less of an issue than claimed than the actual concentration of ownership and the vested financial interests and government policies that help sustain that current iniquitous 'status quo'.
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  6. Let's hope so.
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