Hhahahhahahah come on my friend , i agree renting services minimal value. But what do you think most of this society is based on Recruitment agents Estate agents How about the government departments that sell off UK prime land to foreign buyers who make multi million pound profits. Yet no one asks why the government could not have achieved this ? There are plentiful of jobs and organisation that are not value adding ......
Rentier capitalism is a term used to describe the belief in economic practices of monopolization of access to any kind of property (physical, financial, intellectual, etc.) and gaining significant amounts of profit without contribution to society. A real job is where you create something useful for society. Capturing a property and then getting the tenant to pay your mortgage is not useful.
What do you mean ?
Get a real job and let normal people buy the property
Well also before the changes BTL had more borrowing power. BTL had more purchase power than residential, now the new rules have come in its reduced it massively and reduced the profit too. Which in my opinion is the right thing to do. But ultimately the solution is for 1.government to stop propping up the housing market 2. Stop selling off land then foreign buyer comes along builds 10 x 1m flats , yet for some reason the government wasnt able to do this ? 3. Re balance the economy away from london.