Soldato
With the rates today you'd probably be needing at least 25% down to get better rates - it's the difference between 3.9% and 6.9% which is huge over the 22yr period. But yes to what you said.
But unlike many investment instruments, it delivers a monthly "income", albeit small. It also lets you fiddle tax for your own benefit e.g. claiming mileage to drive to the property, stationary etc..
Caporegime
The average mortgage term now is 30 years and unsurprisingly, in times of high interest rates, landlords won't be clamouring to hoover up properties when prices haven't really dropped to compensate. People who are trying to make the maximum from being a landlord will have be taking interest only mortgages and reinvesting the extra capital they have to take more properties on. When they sell those houses, as long as they have appreciated in value it will have done very nicely for them. With historically low interest rates in the past 10 years they will have had a nice time of it.
If it wasn't profitable people wouldn't do it. Owning a second home isn't stress free and you can have issues. People do it because its been a very good way to make a lot of money.
Soldato
You never did say what you do for a living...
Soldato
REITs or dividend stocks offer you similar.
The tax right offs on property ownership is no different to owning / running your own business, but a business has far fewer liabilities than property. The best way to buy properties is using an SPV for tax
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I work in tech and got a 20 bedroom mansion.
Soldato
No you don't, silly goose
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ok, not the 20 bedroom mansion part. You win.
Soldato
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just think of the money a good slum landlord like all of the landlords on here (alegedly) could do with a 20 bed property. 
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just think of the money a good slum landlord like all of the landlords on here (alegedly) could do with a 20 bed property.
Rent it to students at 1000 a month each
Pretty sure he's Ronald McDonald.
Caporegime
Yeah ripping off students is a dream.
5 or 6 to a property
Low expectations of quality
Rinse the deposit for damages every year. Quoting the same damage on the Inventory that they said they'd fix last year.l, but saying you did it yourself.
A desperate captive market.
You can rob them too once a year.
(Happened to me, actually key entry and all our sound systems stolen. Mine was just a all in 1 boombox affair. Others lost separate systems worth 100s.)
Welcome to east Oxford. Crowley road.
Scum land lords rinsing teenagers for everything and giving nothing but damp back.
Useless letting agents creaming off the top and doing literally nothing to help you but empty your bank account.
5 or 6 to a property
Low expectations of quality
Rinse the deposit for damages every year. Quoting the same damage on the Inventory that they said they'd fix last year.l, but saying you did it yourself.
A desperate captive market.
You can rob them too once a year.
(Happened to me, actually key entry and all our sound systems stolen. Mine was just a all in 1 boombox affair. Others lost separate systems worth 100s.)
Welcome to east Oxford. Crowley road.
Scum land lords rinsing teenagers for everything and giving nothing but damp back.
Useless letting agents creaming off the top and doing literally nothing to help you but empty your bank account.
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Soldato
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that is exactly what a friend of mine does.... rents out student houses, he does really well out of it because his houses are actually nice (unlike the utter flea pit i stayed in at uni - in truth i didnt care but my mum hated it) and has a 24/7 call out promise which for kids away from home for 1st time parents really like. Not spoke to him for a while, he was getting worried as the uni was building a purpose built block of flats for students which would likely compete with his business.
he has had a few ****** people he has had to throw out but for the most part an email to parents sorts issues out.
he did say the worst (as in time wasting) callout was one at 4am to a girl who found a big spider in her room and she phoned him in absolute bits, so he had to go out and put it out of the window
he reckons profits wise its massively more than renting out the houses to individual people, albeit some more paper work and more stress.
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wong.
Soldato
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again tho not all are like that! (I would like to say not even most, but i dont really know......)
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Yeah this is kind of my point. Some people do actually want to rent and have no interest in buying a house.
In my examples you can pay less rent than a mortgage would be and by renting you have no worries about maintenance. You get a mortgage you have all those bills and more on top.
Yeah there is risk involved, but a LL would rather a good long term tenant, the risk works both ways.
Like who? Seriously, who in their right mind wants to rent long-term in this country?
Boomers with their decent pensions can barely afford to rent once retired currently, what the heck is a 30-something going to do in 30-40 years when they can no longer work? It's an absolute ticking time bomb. The state should concentrate on building old people's homes rather than anything else, millennials and gen z's will have to be shipped out into state-funded retirement camps en masse at this rate.
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Soldato
I rent my main home
I dont have to deal with any of the **** with it at all. I can put money into other things. The house prices have been fairly static here over 10yrs. Sure, I'd own it afterwards, but the cost of ownership vs. that benefit when I can put my money in other places makes way more sense for me. I know that me being not in the UK has a bit part to play in that also and know that you specifically mentioned the UK. Just showing the difference. In fact, Europe and Switzerland there are so many more renters.