But in my country, I hardly hear perfectly ordinary and average people 'aspire' to be landlords. I am from a country which prizes home ownership (89% home ownership) and own my flat too so I understand this drive to 'own' property and of course your own home. I understand it made sense for a lot of older people in the past to supplement their pension. It doesn't make any sense to me but I realized that fairly flashy people I know always talk about their BTLs so it got me thinking, is it a status symbol in the UK? I am not originally from the UK so I really didn't know. However, they don't have years and years of savings or equity so would presumably not be buying in cash. I live in London so most people in my age group would be paying 40% tax if they got a BTL though I guess they would be buying it under a corporation. Even in today's economic circumstances (high mortgage rates) and unfavourable tax conditions. I can't quite understand why everyone I know who has a little spare cash on the side (I am 30 so people I know are generally in that age group) talks about buying a buy to let.
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