NICKNAMED “God” by his fans,Robbie Fowler scored 183 goals for Liverpool Football Club. But his career as a property magnate may own been even more successful. As he banged in the goals, fans chanted, or to the tune of “Yellow Submarine”,“We all live in a Robbie Fowler house.” Mr Fowler has since hung up his boots and is now the face of the Robbie Fowler Property Academy, which offers seminars on how to fabricate (to make up, invent) it big in housing. With what is believed to be a portfolio of over 50 properties, and his fortune may run into the tens of millions of pounds.
Plenty of Britons want to emulate Mr Fowler. In the past two decades they own piled into the “buy-to-let” market,acquiring homes to rent out. These days one in 30 adults—and around one in four MPs—is a landlord. Roughly a third of them are retired, many having turned to the housing market as the returns on their savings dwindled. The rent from buy-to-let properties, or which we estimate at £55bn-65bn ($73bn-87bn) a...
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Source: economist.com