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Yes, because the prices are inflated by those who buy up several properties.

I'll take that as concession. Good luck with the portfolio.

Correct.

To invest in a buy-to-let you have to be a particular type of outrageous ****. Houses are unusual commodities: everyone needs one, whether they rent or buy. By adding to demand for houses (which you don't need if you already own a home) you drive the price up for those who are trying to buy...