Britain would go to the ‘back of the queue' for US trade deals post-Brexit

[AtW]

I largely agree but there has been several changes. Stamp duty, BTL changes, foreign cgt, ltds can no longer avoid stamp duty, ARPT, dirty money crackdown (wait for it) and probably more that I just don't recall. It looks like the higher end of the market is coming down and with the BTLers are no longer getting a free ride.

So why did you attribute my post to someone else?

I am nobodies sockie ....

[SueEllen]

Calm down!

[jamesbrown]

I largely agree but there has been several changes. Stamp duty, BTL changes, foreign cgt, ltds can no longer avoid stamp duty, ARPT, dirty money crackdown (wait for it) and probably more that I just don't recall. It looks like the higher end of the market is coming down and with the BTLers are no longer getting a free ride.

It's such an absurdly dysfunctional market at present. Prime central London has always been divorced, to some degree, from the rest of the London market, let alone the SE or the wider UK market. However, there are even markets within markets, geographically quite close, but far apart in terms of market conditions. For example, you have these new developments at Nine Elms and nearby that I expect will crash, properly, in the coming months and years, as the supply of luxury flats is going to vastly exceed demand. It isn't driven by local demand to begin with. International buyers always leave first, and many of these developments are more akin to stocks and shares than property; they're very exposed when the mood changes. However, I don't see much evidence of a serious correction in London and the SE more generally, not yet. I think we're approaching the late stages of the bubble, and I wouldn't be surprised to see another acceleration upwards (panic) following the referendum and into next year. In terms of affordability, there's some way to go before prices seriously constrain demand to meet supply, and the FPC will be hopelessly retrospective and emasculated by their fear of toppling the Jenga. Obviously, we all know how it's going to end, just not when. I genuinely despair for the next generation.

[AtW]

the supply of luxury flats is going to vastly exceed demand.

You mean those tiny 2-bedroom flats?

[jamesbrown]

You mean those tiny 2-bedroom flats?

Yes, I don't mean your executive three-bed in Brum That can only go to infinity and beyond.

[AtW]

Yes, I don't mean your executive three-bed in Brum That can only go to infinity and beyond.

My large luxury 2 bedroom flat is fine

[greenlake]

My large luxury 2 bedroom flat is fine

Does it include off-street parking....?

[AtW]

Does it include off-street parking....?

Yup, two parking slots in a nice gated hidden from sight car park ...

[original PM]

Point 1
This is not all about money - it is about not having civil liberties dictated to us by central European powers

Point 2
This is about being British - which is why Atw is fixated on wealth - because he has no vested historical or emotional interest in Britain as a sovereign nation - his sole interest is how much money he can make. I have a mate who's mum is from Trinidad n Tobago and his dad is from India - he cannot understand anything other than the wealth aspect as he does not really identify with being 'British' - have told him to go read some history which will probably help to explain why his mum and dad are able to live in Britain.

Point 3


Do don't be so incredibly stupid and naïve to think that anyone who wants you to vote based on economic arguments has anything but their own interests in mind.

[PurpleGorilla]

People Are not usually allowed 2 mortgages ....remember prices have fallen by a half, so your mortgage on your primary property is now nearly 100 percent of its value, so you can't BTL it.

My current mortgage enables you to rent out for £500 a year. [emoji106]🏽