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An end to property?

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    #61
    Which is why most governments avoid directly running the printing presses themselves - it's too easy to trace the blame.

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      #62
      So what's the conclusion here?

      Marry? Snog? Avoid?

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        #63
        Originally posted by ChimpMaster View Post
        So 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 again

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          #64
          Originally posted by yasockie View Post
          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 again
          I don't understand, are you saying you won't buy a house to live in because of these factors or you've been put off buying a BTL?

          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.

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