Top of the property market

[chopper]

The thing in this country that will keep house prices up, is as soon as there is a hint that the market is softening, then the supply of houses on the market subdues, instead you only have houses from people who NEED to sell (distressed sales, moving out of the area) rather than who WANT to sell. As a result, that supply/demand equilibrium is maintained.

[BrilloPad]

The thing in this country that will keep house prices up, is as soon as there is a hint that the market is softening, then the supply of houses on the market subdues, instead you only have houses from people who NEED to sell (distressed sales, moving out of the area) rather than who WANT to sell. As a result, that supply/demand equilibrium is maintained.

True. We need way more forced sales.

An interest rate rise should do the trick....

[WTFH]

True. We need way more forced sales.

An interest rate rise should do the trick....

Interest rate rise, tax on second/empty properties.

Interest rate rises affect everyone on the property ladder who has a mortgage. Taxing those with multiple properties or ones which stay empty “as an investment” only affects the wealthier few.

[sasguru]

Interest rate rise, tax on second/empty properties.

Interest rate rises affect everyone on the property ladder who has a mortgage. Taxing those with multiple properties or ones which stay empty “as an investment” only affects the wealthier few.

Now that I've sold my two BTLs, I completely agree with you
Fooking ****** landlords, buying cheap in the 90s and getting rich doing nothing

[Bean]

Now that I've sold my two BTLs, I completely agree with you
Fooking ****** landlords, buying cheap in the 90s and getting rich doing nothing

Thanks for your tax contributions to the economy, now - when can we finally say to you leaving our shores?

[Hobosapien]

Interest rate rise, tax on second/empty properties.

Interest rate rises affect everyone on the property ladder who has a mortgage. Taxing those with multiple properties or ones which stay empty “as an investment” only affects the wealthier few.

I like the idea of an empty property tax.

One that ramps up predictably over a period of months/years so those doing renovations or have genuine reasons for leaving a property temporarily empty (other than for investment) can predict the cost and budget for it.

Eventually the unpaid tax on properties where the owners are abroad or otherwise untraceable will allow the authorities to seize the property to pay off the tax.

In the meantime it will pay for new housing so the government can reduce the amount of housing benefit it pays out by owning the properties, like they did with council houses before they decided to sell them off cheaply.

[sal]

The thing in this country that will keep house prices up, is as soon as there is a hint that the market is softening, then the supply of houses on the market subdues, instead you only have houses from people who NEED to sell (distressed sales, moving out of the area) rather than who WANT to sell. As a result, that supply/demand equilibrium is maintained.

You forgot to add a very important group of people that will NEED to sell - the ones that can't afford the subprime mortgage, once the inevitable rate rise arrives.

[BrilloPad]

You forgot to add a very important group of people that will NEED to sell - the ones that can't afford the subprime mortgage, once the inevitable rate rise arrives.

Inevitable?

Not in my lifetime.

[DimPrawn]

Now that I've sold my two BTLs, I completely agree with you
Fooking ****** landlords, buying cheap in the 90s and getting rich doing nothing

Yes of course, you bought your BTL in the 90's that's right.

I'm not sure I even believe you had an old Aygo, think that might be aspirational dreaming too.

[BrilloPad]

Yes of course, you bought your BTL in the 90's that's right.

I'm not sure I even believe you had an old Aygo, think that might be aspirational dreaming too.

http://forums.contractoruk.com/gener...ml#post1231139

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