The Tories have 'killed buy-to-let for the middle-classes'

[ShandyDrinker]

You're so clueless on the English Class system it's scary

If I was working class, I would aspire to buying an extra lump of coal, going to a comprehensive school & getting one or two A-Levels
If I was middle class, I would aspire to buying a second home, going to Grammer school and getting a Degree
If I was upper class, I would aspire to owning all of Hampshire, going to Eton and then getting elected to the Tory or New Labour parties where I'd **** with the working and middle classes by making them feel they could be aspirational but then taxing the crap out of them so they'd never achieve it.

Spot on. The English Class system in a nutshell.

[BolshieBastard]

well if the tories have killed off BTL then good I say.

BTL has inflated house prices and made it even more difficult for our children to buy an affordable house.

Hope the BTLers get stung to death myself.

[Waldorf]

Where is that Waldorf chap who said that it was crazy not to thikn that Labour would have done worse???


ISIS ekonomics makes more sense - gold dinars are shiny...

Here I am [emoji4] - at last you are seeing the light.

If you think that the current bunch of Labour Trots and Marxists would be friends of private landlords you really are bonkers.

A Corbyn Labour government would see rent controls and other devices to screw private landlords and other private enterprise. Ken Livingstone even suggest that all houses should revert to the state upon the death of the owner!

I support devices to limit the buy to let explosion, it is a financial disaster waiting to happen, too many hoping for capital gains rather than making the business work, ie rental income cover the costs and debt servicing. I am also keen to help youngsters onto the housing ladder, I believe owner occupiers are better for the local areas rather than too many renters.

[Waldorf]

well if the tories have killed off BTL then good I say.

BTL has inflated house prices and made it even more difficult for our children to buy an affordable house.

Hope the BTLers get stung to death myself.

I agree with most of this but I have no wish to see people suffer, I'd prefer to see a gradual decline in buy to let and a rise in home ownership.

[PurpleGorilla]

It is a good thing the government reducing the lucrative viability of BTL, but it is 10-15 years too late.

Be in no doubt, the ONLY positive in the economy is rising prices, and LibLabCon have milked that cow.

The class system is as thus;

Baby boomer class

Young debt laden class

God save The Queen!

[Whorty]

Wonder how this will impact the small property developers? The 'Sarah Beeny' fans that buy a derelict/unmodernised property that no one wants, invests money to modernise it then sells it for a profit. If these people get caught too then we will be left with loads of empty homes that 1st time buyers do not want.

[MicrosoftBob]

Wonder how this will impact the small property developers? The 'Sarah Beeny' fans that buy a derelict/unmodernised property that no one wants, invests money to modernise it then sells it for a profit. If these people get caught too then we will be left with loads of empty homes that 1st time buyers do not want.

Then they'll have to drop the price in a fire sale, and someone else will get a bargain BTL

[OwlHoot]

I support devices to limit the buy to let explosion, it is a financial disaster waiting to happen, ...

Yes, a disaster for the BTLers. If that did happen and prices fell then maybe first time buyers would have a better deal.

So the best "device" is the market itself.

[AtW]

Interest rates rises would cause problems for businesses with loads of employees and with loans. They would have to pay higher wages and higher repayments on their loans. Plus it could make the pound stronger making it harder to export.

No they won't because banks were lending to businesses at same high rates as before.

[AtW]

If you think that the current bunch of Labour Trots and Marxists would be friends of private landlords you really are bonkers.

A Corbyn Labour government would see rent controls and other devices to screw private landlords and other private enterprise. Ken Livingstone even suggest that all houses should revert to the state upon the death of the owner!

Labour isn't in power. So tell me, why Tory Govt, which is in power, doing things that Labour would have allegedly be doing???

Do you really think that when Labour gets in (sooner or later) they would not do even worse??? The whole point of Tories is that they cut taxes which are put back up by Labour, but now we'll have situation where Tories jack up taxes and Labour will do even worse on top of this.