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

[The Spartan]

Those companies were built on people's hard work and money. Borrowing 10X your wealth so you can get much poorer people to pay off your debt is not quite the same. Hence my suggestion BTL investors should have to stump up the bulk of the cash.

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.

[Chuck]

Student fees. And all they want is a flat. Not that its much good if you want to have a child.

If they work hard they should be able to afford somewhere to live. Is that too much to ask?

I'm sure it used to go something like this...
Work
Save
Buy a crappy bedsit or flat in a tulip area of town
Work
Save
Sell your flat and buy a crappy house in a tulip area of town
Work
Save
Sell your tiny house and buy a bigger house, perhaps in a nice area of town
Work
Save
Have children

Now, it's..
Leave Uni
Buy a nice house
Buy a car
Have kids
with little or no endeavour or hardship, and somehow the fact that that is not possible is my generation's fault.

[vetran]

Those companies were built on people's hard work and money. Borrowing 10X your wealth so you can get much poorer people to pay off your debt is not quite the same. Hence my suggestion BTL investors should have to stump up the bulk of the 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?

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

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?

[MarillionFan]

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?

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

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?

It's the politics of envy. Pure jealousy that some people work harder than others and have a better life, therefore they must be punished.

[The Spartan]

It's the politics of envy. Pure jealousy that some people work harder than others and have a better life, therefore they must be punished.

It often seems the case, I've seen neighbors and friends become indifferent towards me since I've made improvements to the house and I've not changed a bit. Envy when there's nothing to be envious of, it's just the reward(s) of working hard.

I do however think they should crackdown on politicians BTL portfolios as it does seem like a conflict of interest at times.

[AtW]

It often seems the case, I've seen neighbors and friends become indifferent towards me since I've made improvements to the house

I think they've got a point - next time run a local consultation before improving your entrance

[sal]

I'm sure it used to go something like this...
Work
Save
Buy a crappy bedsit or flat in a tulip area of town
Work
Save
Sell your flat and buy a crappy house in a tulip area of town
Work
Save
Sell your tiny house and buy a bigger house, perhaps in a nice area of town
Work
Save
Have children

Now, it's..
Work
Save
Oh snap the house prices went up again and I can't afford the deposit, need to:
Work
Save
Oh snap the house prices went up again and I can't afford the deposit, need to:
Work
Save
Oh snap i'm 50 and still don't have kids, which a good think since i don't have a home to raise them in

FTFY

[PurpleGorilla]

[The Spartan]

again it depends on where in the country you live, houses where I live are still very affordable.

[PurpleGorilla]

So first time buyers are:

1. Getting older

2. Paying larger deposits (as multiples of incomes)

3. Getting less square footage for what they buy