Imagine a different kind of BTL. Imagine one where someone who has surplus cash buys a place and lets a family live in the place for market value or slightly below for as long as they want. Maybe the people who rent are never able to earn enough for a deposit on their own but have for all intents and purposes their own home.
Can work with rent controls and v long tenancies. Problem now is that ‘market value’ in the UK is often more than a mortgage would be and actively suppresses people’s ability to save for that deposit.
Sounds about right, dont get me wrong, I'm not arguing that the current market is right, I'm arguing against the assumption that anyone with more (or less) is "scum".
I'm going to argue the opposite...
Imagine a different kind of BTL. Imagine one where someone who has surplus cash buys a place and lets a family live in the place for market value or slightly below for as long as they want. Maybe the people who rent are never able to earn enough for a deposit on their own but have for all intents and purposes their own home.
I was that renter at one point.
Thoughts?