Buy-to-let investors are being treated unfairly

[B]Brixton Dave[/B] & [B]gcc39:[/B] Thatcher, like David Camewrong was/is an ideological Tory - they don't like public ownership of assets and will try and sell them off. They also strongly support private enterprise in the public provision space, even if that is ultimately bad for the rest of us. [B]coloratura said:[/B] [B][I]Many people who become land lords are people who have worked all their lives and have saved hard but now see that they have nowhere to really invest their pensions that they worked and saved hard for.[/I][/B] You reap what you sow. The generation that preceded you survived a war, gave you a free country, built more houses, brought in major progressive social reforms and ultimately gave you a rich and healthy country with a prosperous economy. But you ruined it. Over the last 30 years we've seen a massive transfer of wealth from the lowest tranches of society to the richest. The economy has suffered because we're now a "consumer society" (i.e. we don't create wealth) and now your generation has found out (to your cost) that making bad yet convenient economic decisions now cost you in the long run. Your problem now is that retirement is coming soon and you haven't got enough money to sustain your current lifestyle. Your investments in our rotten economy have performed badly and being this late in the day it would seem that you now have few options left. Except one. There is a major dis-balance in the distribution of both assets and money in this country, with the older generation tending to own most of the assets and the younger generation tending to create most of the wealth. What appears to have now happened is that people from the older generation have begun to parasitise the wealth created by the younger generation. They do this by regression: by charging them for the use of an absolutely vital asset, a home. When you were younger you probably brought in your 20's. Yes it might have been 'hard' – it always is as a first time buyer but you did it and were able to do so because the generation that preceded you didn't rely on robbing you of your money and crippling your future prospects but instead actually created wealth and grew the economy. How things have changed.

Nice. I've loogged in but can't click on anyone's "love" button. A cynic might think that LoveMoney doesn't want anyone to show anti-BTL support, especally given all the pro-BTL articles on the site.

People looking for villains would do well to look at the mortgage lenders who make massive profits from borrowers, yet impose almost suffocating terms upon them.