2007-09-19 08:51:24 · 4 answers · asked by Chico 3 in Business & Finance ➔ Renting & Real Estate
"Never let ethics get in the way of good business" :-)
2007-09-19 08:56:17 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Why not? It's your hard earned money and you can do with it what you like. I have buy to let properties - no one gave me a deposit for them, I had to re-mortgage my own home to do it. I took the risk and if it all goes sad, there's only me to get me out of it. It is my pension for the future - I am self employed and dont have a company pension to fall back on. I dont fritter my money away on smoking, drinking or gambling - I'm entitled to do with it what I want. Buy to let....... not an easy option, but it's a chance I'm prepared to take. Ethics have sod all to do with it..... it's security in my later years.
2007-09-20 06:23:05 · answer #2 · answered by Anonymous · 1⤊ 0⤋
its an investment why not .the powers to be should hurry up and build more homes than their would not be such a hungry market for homes 60,000 in bed and breakfast we need affordable housing for all those people that are going to be earning a low wage and cannot afford to get on the ladder or don't wish to. you know buy your house take 30 years to pay
for it you die government get 40%of the value cant be right
to many taxes or forced to sell only winner the government
2007-09-19 16:16:18 · answer #3 · answered by JULIE G 2 · 0⤊ 0⤋
Of course - it's a business venture. If you take out a mortgage, it is up to you what you wish to do with it. Some people don't want the commitment of a morgage and are more than happy to rent - it's not as if you are forcing people to basically pay your mortgage for you! :-)
2007-09-22 20:47:01 · answer #4 · answered by Sparklepop 6 · 0⤊ 0⤋