Is the new “Property Investor” just an old Wealthy Landowner in lamb’s clothing?

 Young people and parents of adult children downsizing to give money to their kids, so they too get on the property ladder, along with divorcees moving out of the marital home, cannot compete with pure, unadulterated GREED.
 
“Property Portfolio” is the new Weasel-speak term for “Ripping off the less well off” and Estate Agents are WHOLLY COMPLICIT!
 
It appears to work like this: people moving out of affluent areas, either because they’re retiring, downsizing or switching to working from home, suddenly found hemselves VERY well off.
 
London, Brighton, Bristol, Cambridge, Oxford… wherever there is a buoyant housing market, they’re selling-up and buying investment properties in best ranked cities for rentals.
 
So a £1.5M property in London buys you THREE in Bristol, you split the lest appealing into three or more flats, and rent them at £800-£1000 EACH, while the houses go for £2,000+
 
Meanwhile, if you are a first time buyer, a pensioner looking to move closer to your kids, as you retire, or divorcees looking to move out of your marital home, you find there isn’t much you can afford, even with cash in hand, and you HAVE to get a mortgage.
 
The larger Estate Agencies meanwhile have:
££££ sold the new Investors’ houses in the cities to wealthy buyers
££££ sold the investors several houses in other cities and towns
££££ sold them Letting Agency services,
££££ sold the new buyers Mortgage Services, through their Advisors.
 
So? What’s wrong with that? Nothing, EXCEPT that the Agents will often deliberately hold off responding to enquiries by non-investors, so as to give their own Investor clientele first shot at the properties.
 
Emails go unanswered?
No-one to answer the ‘phone?
Requests for callbacks left on answerphone slow to return?
No, it isn’t just that they’re busy, you’re just NOT a Priority Client, that’s all. You’re FODDER!
 
And then, SUDDENLY, lo and behold, the block viewings for the property you are enquiring about are full, no slots left and then several Offers made effectively pushing the price to the stars and locking you out of the market.
 
BUT, if you enquire about RENTING you will get an answer straight away, requesting that you fill Affordability Forms and, if you’re a nice, juicy prospect for the Letting side of the Agency, BINGO! You’re in! Pay your money, and off you go, to make ANOTHER landlord/lady rich beyond their wildest dreams!
 
AND, if you plan to becone a property investor and have money or are creditworthy for a Buy-to-Let (BTL) mortgage, there are no end of Webinars to teach you how to make money from becoming a Property Investor… and put hundreds of thousands of people, young and old, in prohibitively expensive, privately rented accommodation for life!
 
WHY? BECAUSE “AFFORDABLE HOUSING” BEING BUILT IS ANYTHING BUT AFFORDABLE AND THERE ARE NO COUNCIL HOUSES BEING BUILT TO RENT!
 
Then there are the Shared Ownerships SCAMS that lock young people into a property, paying cash for the portion they own (often all the Bank of Mum & Dad could afford, after downsizing) and pay rent on the rest. Oh yes!, you CAN redeem chunks of the remainder of the property, over time, as prices go up and you pay more prohibitive “staircasing costs” (including Solicitors’ and Survyors’ fees, each time!) BUT you pay at the going price AT THE TIME of hte purchase (inevitably higher), not the original value.
 
And still there is rent due on the remainder, only, now you’ve had the house re-valued, the rent has gone up because so has the value of that rented portion.
 
Sounds like a TRAP? IT IS!
 
And what about “Help to Buy” where you can only ever get 50% of the value of the property, on selling it? What if you die? Your heirs get half of the value of what you bought? Surely that is a SCAM too?
 

Face it, Britain, you’ve been served-up on a tray, hog-tied, and greased, ready for shafting by the rich “Investors”!

What is the alternative?

HOUSING CO-OPERATIVES! BUILDING AND MANAGING THEIR OWN HOUSING STOCK BY AND FOR THEIR OWN MEMBERS!

CHECK OUTTHEM OUT!