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""Buy-to-let" is one of the most horrible market distortions to be let loose on the British housing market. Again, it's a net transference of wealth from relatively poor to increasingly rich.

To say it "shouldn't be allowed" is an understatement. "

Er... why exactly? You state that there are not enough flats offered for rent.
If you forbid people to buy with the intention of letting the flat, you are forcing people to buy or else. How would that be an improvement?

Just regulate the price increase while letting buy to let happen and you may find that the price adjustment will be a lot faster.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Fri Jun 3rd, 2011 at 04:11:16 AM EST
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