CH1
"Red Guard"(NLYL)
Just a technical point here. It seems to me that the spread of buy-to-let, and also the prolific growth of top-end rental concerns such as Lexadon is caused by the way business taxation is currently charged (or not).I would go further and support a windfall capital gains tax on landlords especially the buy to let mob
For landlords the way to avoid tax (other than getting into an offshore tax avoidance scheme) is to keep reinvesting the profits into new properties. Then you have a situation similar to compound interest.
These buy to let people are budding Jerry Knights. I was taken aback to read on Lambeth Planning's website a number of objections to the new Rosa's Restaurant planning application at 400/402 Coldharbour Lane from people worried about the let-ability of their flats.
I come from a generation where that seems quite brazen, but frankly buy to let is now considered more acceptable that social housing.
Where do we go from here?