Part 2 Why I’m Quitting Buy-to-let Property Market – Update

The latest episode of the Charles Kelly Money Tips Podcast he explores the truth behind thebuy-to-let market and exactly why he is getting out of buy-to-let after 30years. Please like and subscribe - https://www.youtube.com/@charleskellymoneytipspodca9121

Watch video -  https://youtu.be/pA2Co2zk4zM

Why I’m quitting buy-to-letbut not property - Part 2 Update

 

Thanks for the amazing comments from first video!

 

Lots of positive commentsfrom landlords. Some of them agree with me others do not.

 

Several landlords, one whohad 60 buy-to-let properties, have already started selling and getting outcompletely.

 

Many of the commentsindicated that there was a general sentiment that the UK, as well as buy-to-let,is finished.

 

Many are planning to leaveand quite a few have left already.

 

We already know that asubstantial amount of wealth as left the UK and more capital will betransferred out of the country in the coming years. 

 

Billions in tax revenue willbe lost to the exchequer.

 

Jobs are also being affectedby labour’s ‘jobs tax’ with unemployment up and recruiting slowing as employerslose confidence. 

 

This comes at a time whenjobs are already being lost to outsourcing and AI!

 

What labour don’t get

 

·       Businesses create wealth –not governments!

·       Businesses create jobs

·       The wealthy already pay moretax than the poor

·       When the wealthy leave, themiddle classes and the poor will all have to pay more tax to pay for runningthe country and servicing the debts and will suffer a lower standard of living.

 

I’ve seen it before in mylife under a previous labour government who put up the highest rate of tax to98% and caused a brain drain. 

 

Clarification

 

I’m not getting out ofProperty just standard buy-to-let AST’s under the new Labour government’s socialistrepublic.

 

Alternative propertystrategies

 

·       Leasing to local authoritiesor housing providers

·       Rent-to-rent – little or nocapital required to start

·       Furnished holiday lets,AIRBNB, Booking.Com etc

·       BRR by refurbish andrefinance using other people’s money. 

 

There are many morestrategies you can learn about by studying under experts who been there anddone it before. 

 

If you’d like to find outmore than link below to join a free seminar or course to enhance your propertyknowledge:

 

[e-mail]

 

Property is still a good long-term investment and willsurvive the idiots that run the country downwards because the markets anddemand will prevail.  

Despite warnings of our demise, the UK will also survive the fools in power. 

See other videos:

Labour’s Renter’s Rights Bill and the end to Sec 21 ‘no fault evictions’- https://www.youtube.com/watch?v=Wx1HXgVW1bM&t=400s&sttick=0

Nigel Farage SLAMSHMO BUY-to-Let Landlords

In an astonishing attack on private enterprise, right wing Farageclaimed that HMOs are not only damaging communities but are increasingly beingused to house illegal migrants and asylum seekers, often at the taxpayer’sexpense. Watch video - https://youtu.be/NKaPZj-A