Originally Posted by tony de wonderful

Huge amounts of the welfare budget just goes to the banks via the BTL landlords who they finance. What the BTL landlords don't pay to the banks in interest they pocket. Lending more money inflates the market, and the more the DWP must shell out to cover the costs of (inflating)rent in turn fueling demand for this 'investment' class in a vicious circle. On top of that the taxpayer now covers what you might call macro risk, Market crisis. It's one big wealth extraction from the taxpayer, and an attempt to corner an asset class which we all need to live. Quite literally our property has been so inflated that we can't afford to live in it anymore; housing benefit is a testament to that, plus help to buy. Of course blame people at the bottom.