gravelld, on 26 November 2015 - 05:42 PM, said:
I don't really think that's a particularly good reason. No-one is born knowing about property investment. Similar with the stock market, or bonds, or whatever. There's always a wealth of information out there to learn about these concepts. Put another way, ignorance is not an excuse.
Actually, its a very good reason. I need to do something for my retirement. 20 years of railway pension is now near worthless. A house is a physical thing. Cant be stolen by dodgy companies, bankruptcy, chancellors (like my pension) etc. I wont invest significant money in stocks, bonds etc. Because i a) dont understand it, b ) trust no one else with my money. Which rather limits my options. For those who want to and understand stocks, bonds etc, great, but its certainly not for me.
So here i am, a reluctant landlord through force of circumstance. Is it grief, yes, but im not sure i have many other options.
to b - space )
Edited by Nickfromwales, 27 November 2015 - 08:40 AM.