Which is why most governments avoid directly running the printing presses themselves - it's too easy to trace the blame.
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An end to property?
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Originally posted by ChimpMaster View PostSo what's the conclusion here?
Marry? Snog? Avoid?
Given the bearish market and stagnation that is about to come, I simply can't see more foreigners pushing up London prices way further - another 10-15% over some years is still likely due to migration alone, so that might be good enough for the lucky few able to buy with a larger deposit.
For me a combination of a smaller deposit and the resulting higher rates and upcoming punitive taxation on LTV means I'm out againComment
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Originally posted by yasockie View PostGiven the bearish market and stagnation that is about to come, I simply can't see more foreigners pushing up London prices way further - another 10-15% over some years is still likely due to migration alone, so that might be good enough for the lucky few able to buy with a larger deposit.
For me a combination of a smaller deposit and the resulting higher rates and upcoming punitive taxation on LTV means I'm out again
If it's the former and you seriously expect a downward movement on prices in your preferred area then it makes sense to wait, but the taxation comment doesn't compute in that case.
If it's BTL and you've only got a small deposit and were planning to leverage heavily, then yes it makes sense to think again as it's clearly something being targeted and high LTV may well be unwise.Comment
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