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Comments by "" (@lonevoice) on "Bankers' guide to buying a house" video.
@aliwhitwell Really? Is that meant to be joke? I remember those times well. Interest rates were high but I made more money from house price inflation than I did from my job. Added to this we used to get MIRAS tax relief on mortgage interest. The ceased in 1983.
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@ForburyLion Buy to let was a bad idea. Introduced by John Major and accelerated by Tony Blair, and all coming from Thatcher's deregulation of the banks. Somehow we need to unravel this but it is entrenched and won't be easy. What's worse is that we now have an increasingly inefficient wealth distribution which is damaging the economy.
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