About this episode
The latest episode of the Charles Kelly Money Tips Podcast he explores the truth behind the buy-to-let market and exactly why he is getting out of buy-to-let after 30 years. Please like and subscribe - https://www.youtube.com/@charleskellymoneytipspodca9121 Watch video - Why I’m quitting buy-to-let but not property - Part 2 Update Thanks for the amazing comments from first video! Lots of positive comments from landlords. Some of them agree with me others do not. Several landlords, one who had 60 buy-to-let properties, have already started selling and getting out completely. Many of the comments indicated that there was a general sentiment that the UK, as well as buy-to-let, is finished. Many are planning to leave and quite a few have left already. We already know that a substantial amount of wealth as left the UK and more capital will be transferred out of the country in the coming years. Billions in tax revenue will be lost to the exchequer. Jobs are also being affected by labour’s ‘jobs tax’ with unemployment up and recruiting slowing as employers lose confidence. This comes at a time when jobs are already being lost to outsourcing and AI! What labour don’t get Businesses create wealth – not governments! Businesses create jobs The wealthy already pay more tax than the poor When the wealthy leave, the middle classes and the poor will all have to pay more tax to pay for running the country and servicing the debts and will suffer a lower standard of living. I’ve seen it before in my life under a previous labour government who put up the highest rate of tax to 98% and caused a brain drain. Clarification I’m not getting out of Property just standard buy-to-let AST’s under the new Labour government’s socialist republic. Alternative property strategies Leasing to local authorities or housing providers Rent-to-rent – little or no capital required to start Furnished holiday lets, AIRBNB, Booking.Com etc BRR by refurbish and refinance using other people’s money. There are many more strategies you can learn about by studying under experts who been there and done it before. If you’d like to find out more than link below to join a free seminar or course to enhance your property knowledge: charles@charleskelly.net Property is still a good long-term investment and will survive the idiots that run the country downwards because the markets and demand will prevail. Despite warnings of our demise, the UK w
