| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 09:51 - Jun 25 with 1690 views | StokieBlue |
I think everyone can agree that BTL has been bad for the majority. The report is interesting though as many of the things they mention are already in place. The tax breaks for BTL have been reduced and will be at near 0 by 2020 making it pretty unprofitable for those who are highly leveraged (ie. no tax relief on their interest components of their mortgages).
You don't agree with this bit surely:
“We should protect existing landlords but discourage more people from investing in rental property, because the buy-to-let boom has bid up prices and reduced homeownership among younger people.”
The real issue is people who won't even let their second homes. Asian investors often "buy-to-leave" under the misconception that someone having used the house will lower the value. Any properties left empty without good reason for more than a certain period of time should face very harsh penalties.
SB [Post edited 25 Jun 2018 9:52]
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| Avatar - M51 - The Whirlpool Galaxy - Taken on 29th April 2024 |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 10:11 - Jun 25 with 1662 views | Marshalls_Mullet |
cant argue with much of the sentiment, but...
Comparing the number of new builds to France is a little bit out of context when you think about how much bigger the country is. |  |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 10:13 - Jun 25 with 1651 views | Marshalls_Mullet |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 09:51 - Jun 25 by StokieBlue |
I think everyone can agree that BTL has been bad for the majority. The report is interesting though as many of the things they mention are already in place. The tax breaks for BTL have been reduced and will be at near 0 by 2020 making it pretty unprofitable for those who are highly leveraged (ie. no tax relief on their interest components of their mortgages).
You don't agree with this bit surely:
“We should protect existing landlords but discourage more people from investing in rental property, because the buy-to-let boom has bid up prices and reduced homeownership among younger people.”
The real issue is people who won't even let their second homes. Asian investors often "buy-to-leave" under the misconception that someone having used the house will lower the value. Any properties left empty without good reason for more than a certain period of time should face very harsh penalties.
SB [Post edited 25 Jun 2018 9:52]
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They want to protect the BTL landlords as many of them vote conservative. | |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 10:15 - Jun 25 with 1646 views | Marshalls_Mullet |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 09:51 - Jun 25 by StokieBlue |
I think everyone can agree that BTL has been bad for the majority. The report is interesting though as many of the things they mention are already in place. The tax breaks for BTL have been reduced and will be at near 0 by 2020 making it pretty unprofitable for those who are highly leveraged (ie. no tax relief on their interest components of their mortgages).
You don't agree with this bit surely:
“We should protect existing landlords but discourage more people from investing in rental property, because the buy-to-let boom has bid up prices and reduced homeownership among younger people.”
The real issue is people who won't even let their second homes. Asian investors often "buy-to-leave" under the misconception that someone having used the house will lower the value. Any properties left empty without good reason for more than a certain period of time should face very harsh penalties.
SB [Post edited 25 Jun 2018 9:52]
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I think the investors who leave properties empty are mainly middle eastern investors, and that usually relates to prime new builds.
I cant see a 2 up 2 down in Burnley being left vacant for fear of reducing the value. | |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 11:07 - Jun 25 with 1605 views | Pinewoodblue |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 09:51 - Jun 25 by StokieBlue |
I think everyone can agree that BTL has been bad for the majority. The report is interesting though as many of the things they mention are already in place. The tax breaks for BTL have been reduced and will be at near 0 by 2020 making it pretty unprofitable for those who are highly leveraged (ie. no tax relief on their interest components of their mortgages).
You don't agree with this bit surely:
“We should protect existing landlords but discourage more people from investing in rental property, because the buy-to-let boom has bid up prices and reduced homeownership among younger people.”
The real issue is people who won't even let their second homes. Asian investors often "buy-to-leave" under the misconception that someone having used the house will lower the value. Any properties left empty without good reason for more than a certain period of time should face very harsh penalties.
SB [Post edited 25 Jun 2018 9:52]
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http://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN04129 |  |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 11:13 - Jun 25 with 1593 views | StokieBlue |
Yes.
What are your thoughts on them?
SB | |
| Avatar - M51 - The Whirlpool Galaxy - Taken on 29th April 2024 |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 11:21 - Jun 25 with 1581 views | Pinewoodblue |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 11:13 - Jun 25 by StokieBlue |
Yes.
What are your thoughts on them?
SB |
Meant as a last resort but currently no political will to use the powers. | |
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:08 - Jun 25 with 1535 views | CoachRob |
Interesting this as the Tories are picking up more atavist (working class racist/anti-immigrant) voters. The rentier wealth accumulation of upper/middle is hard to square with the needs of working class people. Corbyn is winning the educated young vote hands down but is struggling with lower income and educational groups. Labour need a coherent housing policy to purchase arable and brownfield land at cost and build council houses. |  | | |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:17 - Jun 25 with 1519 views | FrowsyArmLarry |
ID cards, that’s what we need. At the moment you can buy and sell a house and not pay tax on the profit simply by having a utility bill in your name and claiming to live there (despite renting it out).
This would be the crucial game changer [Post edited 25 Jun 2018 12:18]
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| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:17 - Jun 25 with 1518 views | Clapham_Junction |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:08 - Jun 25 by CoachRob |
Interesting this as the Tories are picking up more atavist (working class racist/anti-immigrant) voters. The rentier wealth accumulation of upper/middle is hard to square with the needs of working class people. Corbyn is winning the educated young vote hands down but is struggling with lower income and educational groups. Labour need a coherent housing policy to purchase arable and brownfield land at cost and build council houses. |
Immediately ending right-to-buy and buying back flats lost under it as they become available would be a good start. |  | | |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:24 - Jun 25 with 1502 views | FrowsyArmLarry |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:08 - Jun 25 by CoachRob |
Interesting this as the Tories are picking up more atavist (working class racist/anti-immigrant) voters. The rentier wealth accumulation of upper/middle is hard to square with the needs of working class people. Corbyn is winning the educated young vote hands down but is struggling with lower income and educational groups. Labour need a coherent housing policy to purchase arable and brownfield land at cost and build council houses. |
They have a plan for that. Unfortunately it doesn’t help people in central London | | | |
| It took a thinktank for the Tories to see B2L has f*cked the housing market!? on 12:36 - Jun 25 with 1476 views | Darth_Koont |
It's only an issue now because the electoral battleground has moved from the comfortable classes and regions to the low-earning classes and regions. |  |
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