▲ 556 r/UKPersonalFinance
There was a phone in this morning on LBC about the proposed ban on rent increases and what struck me was the number of people who view their buy to let as their pension or their inhertiance for their children.
Nothing can be worse than being in your 80s and having to deal with tentants or climbing up a ladder to fix something or paying someone else. Then there is the mental toll of tentants not paying; remembering to pay the insurance; and all the other problems that being a landlord entails.
Do most landlords sell up around 70-75? Surely, there is a degree of mental and physical stress that an OAP cannot deal with or is it just that easy?
u/Far_Acadia_2053 — 25 days ago