I received a very interesting letter the other day from a Bexhill resident. He declared he was a Bexhill homeowner, retired and mortgage free. He stated how unaffordable Bexhill’s rising property prices were and that he worried how the younger generation of Bexhill could ever afford to buy? He went on to ask if it was right for landlords to make money on the inability of others to buy property and if, by buying a buy to let property, Bexhill landlords are denying the younger generation the ability to in fact buy their own home.
Whilst doing my research for my many blog posts on the Bexhill Property Market, I know that a third of 25 to 30 year olds still live at home. It’s no wonder people are kicking out against buy to let landlords; as they are the greedy bad people who are cashing in on a social woe. In fact, most people believe the high increases in Bexhill’s (and the rest of the UK’s) house prices are the very reason owning a home is outside the grasp of these younger would-be property owners.