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Owusu Sarpong
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Paul, that's a profound clear cut analysis: LL not reliant on mortgages have much headroom to dance to any music the Govt plays (i.e. whatever policies are in place). In someway, it's appalling that when the Govt requires a boost in the economy, it does so through schemes such as using Mortgage incentives. And when it feels like no further boost is needed, it tends to perhaps punish those who helped to boost the economy. As a result, it increases the spiral of selling as most landlords (including yourself I believe) are eagerly looking forward to becoming mortgage free. I believe there might be other strategies besides selling that could help landlords become mortgage free. We'll love to hear your point of view on that in case you know any?
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From: Owusu Sarpong
18 March 2020 14:36 PM