Why do Irish Buy-to-let investors with underwater investments not sell? Well, the photo shows why. Theyre covering their interest cost, and anyhow cant take the hit. They dont even think the investments will do all that well in the short or long term. Oh, and a lot of them are just anchored to the price at which they bought the investments… which is dumb as the good times aint coming back….
Full details from the survey here
[…] the survey on buy to let investments we had about 100 people who availed of the opportunity to give their […]
[…] value of the property when sold would meet or exceed the initial sum borrowed. Fully 50% of a sample of recent BTL investors noted that they were not getting rental income sufficient to cover the […]
[…] Karl Deeter, Marie Hunt and Brian Lucey have a new paper on this here, with some of the results of their survey abstracted here. […]
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