Buy-to-let investors: 'Let us off capital gains tax and we'll sell to first-time buye

[vetran]

Key point from this is who do the Government want to own the BTLs when they are sold as they no longer make financial sense.

Now it makes sense to give BTL owners a financial incentive to sell to first time buyers or existing tenants rather than overseas interests or the new rental businesses that will rise up to replace amateur BTLs who will make BTL owners look like pussy cats. It suits the governments policy and it would be no more expensive than subsidising large building firms to encourage first time buyers.

If they go on the open market they will be bought by overseas investors or builders who will strip & redo adding 30% to price.

So the proposal , apart from offending lefty something for nothing merchants which is a good thing, makes a lot of sense.

[d000hg]

Relative to local wages?

Certainly round here. You can get a house under £100k, and I mean actually a fairly nice house not a squalid 2-bed "fixer upper". Perfectly affordable even for a first-time buyer.

[sal]

if there are more houses than people that need them then rents and prices will fall, its simple economics.

Its like Private schools, if there were enough state schools that provided education & opportunities as good as a private school then private schools would disappear.

You know some people rent by choice?

Not immediately, the ponzi scheme will go on for a while, you said it yourself

If they go on the open market they will be bought by overseas investors or builders who will strip & redo adding 30% to price.

And when the bubble finally bursts there will be a lot of tears.

[PurpleGorilla]

Buy-to-let investors: 'Let us off capital gains tax and we'll sell to first-t...

Certainly round here. You can get a house under £100k, and I mean actually a fairly nice house not a squalid 2-bed "fixer upper". Perfectly affordable even for a first-time buyer.

Where's that then?

[PurpleGorilla]

Now it makes sense to give BTL owners a financial incentive to sell to first time buyers.

**** off does that make sense. Give BTL a golden handshake and hospital pass the property to a FTB in a market that is about to crash?

[_V_]

Certainly round here. You can get a house under £100k, and I mean actually a fairly nice house not a squalid 2-bed "fixer upper". Perfectly affordable even for a first-time buyer.

If you live a really long commute from London, houses are not excessively priced. For example, Lincolnshire has affordable property I would say.

Random example, 3-bed detached house for about £100K. Perfectly fine for 1st time buyers living locally (e.g. a young couple).

3 bedroom house for sale in Woodlands Avenue, Immingham, DN40, DN40

You just need to live somewhere where that there London is uncommutable...

[vetran]

Not immediately, the ponzi scheme will go on for a while, you said it yourself



And when the bubble finally bursts there will be a lot of tears.

until we reach this nirvana where will everybody live?

When we reach this Nirvana who will profit? It won't be people who can't afford homes now.


Why should BTLs subsidise other people's accommodation? We already support housing associations & council houses so people get cheap housing.

[vetran]

**** off does that make sense. Give BTL a golden handshake and hospital pass the property to a FTB in a market that is about to crash?

so you don't want to buy the house then?

[PurpleGorilla]

Buy-to-let investors: 'Let us off capital gains tax and we'll sell to first-t...

so you don't want to buy the house then?

No thanks I own a house. But there are plenty of young folk wanting affordable housing. So when the market crashes, they might make you an offer.

http://www.theguardian.com/business/...ability-report

[vetran]

No thanks I own a house. But there are plenty of young folk wanting affordable housing. So when the market crashes, they might make you an offer.

The interest rate being taxed would need to affect me.