Originally posted by barrydidit
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"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
Originally posted by Paddy View Postolder properties depreciate because they are old.Comment
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Originally posted by Paddy View PostThey have the same in Austria, older properties depreciate because they are old. (I know having bought there).
Especially if you can knock it down and build a block of flats in its placeThe Chunt of Chunts.Comment
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Originally posted by barrydidit View PostIt's a popular view in China, i'm led to believe. A house which is 'brand new' is more desirable than a second hand one. It would be like buying a car as an investment and then using it as a runaround.
Dumb fvcks haven't realised you can let it out AND have it appreciate in value in the UK property market.
I use to work with someone of a Chinese background not born in the UK. (Think she was educated in Singapore but her parents were from mainland China.) She was shocked when I explained to her a flat in a new block of flats were worth less than a flat in an older block in the same location."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by AtW View PostWhy is it optional for big firms with 15+ houses? Same reason - BTL needs to be stopped to herd middle class money into pension Ponzi scheme - removal of tax reliefs coming there, so all viable alternatives should be made nonviable.Down with racism. Long live miscegenation!Comment
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Originally posted by AtW View PostHow will Osborne get 3% BTL (second home) stamp duty from foreign investors??? I guess it will be optional for them...
So now somebody will need to sell their house first, live in a hotel or rented place before buying new house to avoid paying 3% ffs
Everyone exchanges on the same day.
And yes loads of things go wrong."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by AtW View PostWhy is it optional for big firms with 15+ houses? Same reason - BTL needs to be stopped to herd middle class money into pension Ponzi scheme - removal of tax reliefs coming there, so all viable alternatives should be made nonviable.
And the stamp duty surcharge is not OPTIONAL to big firms. It doesn't apply.
Charging extra to foreign investors is actually one easy way to make a bit of extra money.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostAnd the stamp duty surcharge is not OPTIONAL to big firms. It doesn't apply.Comment
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Originally posted by NotAllThere View PostI get round this problem by not being middle class.Comment
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Originally posted by AtW View PostThat's one way to look at it. Same can be said about corp tax - it not optional to big firms, it simply doesn't apply...Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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