Doug
I should move this to other topics
What I think
The only way to have a growing Economy is to have people or Government spend money. This then gives the Mutiplier Effect
Governments both Conservitive and Labour have encouraged people to borrow.
My Friends who use to live in Southend regularly remortgaged their House.
and enjoyed a prosprous lifestyle
They then went into buy to let and did the same.
They then borrowed against all assets and went to live in Spain on the Capital
When we saw them during the Summer they were having difficulty selling their big house.
Not sure what happened after that but with falling house prices they could be in big trouble. But I do not think they plan to leave their family anything when they leave this planet.
Buy to let has given a lot of people a feeling of wellbing and importance I am a Landlord you are a tennant
Some have made a million others owe a million
Those who have been in market a long time will eat the dablers that is the way of a Capatialist Society.
But if you do not understand that you should not play.
It could be good for Carpet Cleaners but customers will be seeking resonable prices aswell as quality work.
It might be harder to buy equioment on Lease etc