Reply to thread

Yes I think it's a common misconception. There are more and less profitable properties and areas of course but I think most people know someone who did well out of it when it was much much more lucrative. Back in the day with less rules/taxation, easier mortaging and rising prices you could keep on remortgaging against higher valuations and pull out equity to keep expanding your portfolio at a fair old rate. It was a gravy train for some while it lasted.