Torygraph billionaire land owners launch a campaign we can all get behind...

[SpontaneousOrder]

effectively negative interest rates. help for first time buyers. Etc, etc,

And you lot somehow figure out it's BTLers that are the problem??? Lol.

[MarillionFan]

And you sound like this;


http://youtu.be/o1Sal6N5OiE

Lol. Spot on.

[MarillionFan]

Lol. Spot on.

Never seen this comedian before, this is pure class.

https://www.youtube.com/watch?v=tVlkxrNlp10

[The Spartan]

The areas in Cardiff with £110k 3bed terraces are rough.

There is no work 'in the valleys'.

Actually they're not, yes I know there is no work in the Valleys that's why I've always had to commute to Cardiff or elsewhere but that's just life isn't it?

[d000hg]

So it'll be just for the wealthy then?

I don't know if you've checked recently but borrowing is a bit stricter nowadays.

A bit. But it's still borrowing. Next door have recently bought two houses and they sure as heck don't have £400k in cash.

I'm pretty sure if they checked most burger bars clientele their financial status would be poorer than a Nando's customers.

You don't think a coffee in a coffee bar actually costs £2-3 to make and the coffee beans cost £20 a lb so they don't pay UK tax?

What a stupid comparison. Take away food and overpriced middle-class coffee are luxuries. A house is rather essential.

You don't think a Supermarket paying minimum wage isn't exploitation?

Not if minimum wage is enough to live off.

But you are quite happy for someone making 5% profit before refurbishments in a good year where the tenants pay the rent on a BTL should be punished?

a)If it's so unprofitable, they shouldn't do it. This is just like the "us poor contractors can't afford dividend tax, we only earn £400/day".

b)I think they should pay tax on their profit, and that they shouldn't be making profit at the expense of the poorer end of society when they haven't even put their own cash up to buy the property.

[The Spartan]

A bit. But it's still borrowing. Next door have recently bought two houses and they sure as heck don't have £400k in cash.

But you don't know that for certain do you, just as I don't know what my next door neighbours finances are.

Yes you need a house to live in but nowhere does it say you have the right to own it.

[vetran]

A bit. But it's still borrowing. Next door have recently bought two houses and they sure as heck don't have £400k in cash.

What a stupid comparison. Take away food and overpriced middle-class coffee are luxuries. A house is rather essential.

Not if minimum wage is enough to live off.

a)If it's so unprofitable, they shouldn't do it. This is just like the "us poor contractors can't afford dividend tax, we only earn £400/day".

b)I think they should pay tax on their profit, and that they shouldn't be making profit at the expense of the poorer end of society when they haven't even put their own cash up to buy the property.

Food & drink are considered essential. I mentioned Energy you didn't respond to that.The points I was making were
1. People make profits on essentials, why should housing be different?
2. The people that consider McDonalds etc essential are frequently the ones that bemoan the cost of housing. As mentioned before we didn't spend a lot so we could afford a big house, that was our choice but we made it, we lived in rough areas before they came up and we rode that wave.
3. If you put the BTLers out of business who will replace them? How do you know they won't be worse? Can you imagine renting houses off a payday loan firm, clamping firm or a debt collector those are the sort of people that would take over.

[PurpleGorilla]

Food & drink are considered essential. I mentioned Energy you didn't respond to that.The points I was making were
1. People make profits on essentials, why should housing be different?
2. The people that consider McDonalds etc essential are frequently the ones that bemoan the cost of housing. As mentioned before we didn't spend a lot so we could afford a big house, that was our choice but we made it, we lived in rough areas before they came up and we rode that wave.
3. If you put the BTLers out of business who will replace them? How do you know they won't be worse? Can you imagine renting houses off a payday loan firm, clamping firm or a debt collector those are the sort of people that would take over.

Do not think for one second that many hard working young people are not trying to better their circumstances through scrimping and saving.

Today you can do all of that. ALL OF THAT, and you will not be able to afford somewhere to buy.



The fault likes firmly with the greedy self righteous benefactors of a corrupt and partisan housing market which has generated huge intergenerational anger. Think Corbyn is a joke, well let's wait and see. Christ, Cameron has been shamed into accepting more refugees. It sums up that whole generation.

[BrilloPad]

effectively negative interest rates. help for first time buyers. Etc, etc,

And you lot somehow figure out it's BTLers that are the problem??? Lol.

Help To Buy = assistance to get into more debt = wage slaves

interest rates might not be zero forever(though they probably will be)

Even then the young cannot afford to get on the housing ladder - so something is seriously wrong.

Its partly BTL and partly overseas investors who buy without letting out that are the issue.

[DimPrawn]

Help To Buy = assistance to get into more debt = wage slaves

interest rates might not be zero forever(though they probably will be)

Even then the young cannot afford to get on the housing ladder - so something is seriously wrong.

Its partly BTL and partly overseas investors who buy without letting out that are the issue.

I've said a similar thing. It's not one thing that causes UK house prices to be crazy multiples of income, it is the combined effect, including:

Banks have loose lending criteria for BTL. This means BTL money is easy to come-by and creates competition with people looking for a home. Result, prices pushed up.
Bank interest and pensions suck, so older people choose property as part or all of their pension. This includes the "me 'ouse is me pension" brigade, two people living in a huge 5 bed house ready for downsizing late in life. This means less property for younger people.
Very tight planning laws and NIMBY means a lot of areas don't get built on. People like this idea and hence prices rise in those areas.
Tory schemes like "Help to Buy" using tax payers money to prop up prices further.
Leaking of QE money into property.
Wealthy foreigners seizing on this and buying property here.
Small country with highest population density in Europe. Land is at a premium.
Massive immigration which is growing.
Huge, powerful and wealthy building/construction companies sitting on land banks, holding prices firm.
Very low taxes on property in the UK. Primary residence CGT free with no limit. Until recently easy to side-step stamp duty.

I could go on, but you get the drift. It's all stacked in favour of property and land owners, the more it goes up, the more "investors" want a slice. A huge bubble, seemingly unpoppable.