Originally posted by GB9
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Reply to: Buy-to-Let DOOM
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Previously on "Buy-to-Let DOOM"
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Originally posted by bobspud View PostDo you think that banks just sit there and gives a big sack of cash to anyone that asks them?
more than likely any losses would be taken out of the deposit.
while government policy ensures rises the banks can`t lose .
This whole sorry saga is set up for short term gain , there is no long term plan that`s someone else`s problem.
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Originally posted by unemployed View PostSo you don`t think government props increase house prices ?? you don`t think available credit increases prices ??
you don`t think low interest rates increase prices ??
your post is laughable Did george email you personally with this wonderful data ??
If you are sat on the sidelines competing with idiots like that you either end up renting or you buy your way out of the situation and thats when the house prices go up...
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Originally posted by GB9 View PostI've worked with the relevant data whereas you've almost certainly made assumptions.
So you don`t think government props increase house prices ?? you don`t think available credit increases prices ??
you don`t think low interest rates increase prices ??
your post is laughable Did george email you personally with this wonderful data ??
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Originally posted by jamesbrown View PostYou can't be serious? The origins of the recent bubble were in bank lending (i.e. the FLS before the transition to business lending), but HTB was a critical part of this. It extended the market (and hence demand) to those with a 5% deposit who, until HTB, had zero hope of home ownership, as the FLS was mainly reaching those with a large deposit. You can take a view either way about the morality of that, but I think the impacts on demand (and hence prices) are pretty indisputable. It's no coincidence that the market (and wider economy) took off shortly afterwards and the share prices of BDEV and similar quadrupled within a couple of years.
I've spent several years in mortgage analytics and what you might assume from reading and hearing things on the news doesn't always alugn with what has really happened.
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Originally posted by GB9 View PostHe may well be an idiot but HTB didn't stoke anything. And he isn't reversing anything as prices are unlikely to fall. Just reddressing the balance along Conservative policy.
Jesus weepers
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Originally posted by GB9 View PostHe may well be an idiot but HTB didn't stoke anything. And he isn't reversing anything as prices are unlikely to fall. Just reddressing the balance along Conservative policy.
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Originally posted by jamesbrown View PostI wouldn't credit them with any strategic thinking on housing policy, including in terms of the SDLT base (afterall, as I recall, SLDT is down following the recent reforms). No, this is more about reversing incompetence with further incompetence. Gidiot stoked the market with HTB1,...,N. Following a popular backlash on lack of affordability that has further undermined his "we're all in this together" mantra (even among those that have profited), they've decided they need to reverse the bubble a bit, both directly and through the thinnest of veils between HMG and the BoE. Gidiot is the most clueless and tactical of political dolts. He wouldn't know strategy if it were rolled up with his dividend vouchers from Osborne & Little and smacked about the head with it.
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Originally posted by ChimpMaster View PostIt's pretty much a complete showstopper in many cases at the £1.5m+ level. Remember, with SLDT you need to pay the whole amount on completion to HMRC: you'd can't add this to your lovely low-interest mortgage.
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Originally posted by ChimpMaster View PostIn trying to rape the golden goose, the Tories have instead managed to slay it.
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Originally posted by AtW View PostStamp duty under Tories - up to 15% FFS, this is worse than VAT - at least VAT is paid only once on purchase, yet here it's a massive transaction tax (which Tories are opposed to protect City mates), 6 sales of one expensive house and nearly whole value it taken by the Treasury in tax, FFS!
15% SLDT is a humungous blow to anyone who wants to upgrade to a bigger or better located home. It's pretty much a complete showstopper in many cases at the £1.5m+ level. Remember, with SLDT you need to pay the whole amount on completion to HMRC: you'd can't add this to your lovely low-interest mortgage.
In trying to rape the golden goose, the Tories have instead managed to slay it.
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Originally posted by GB9 View Post
It's designed to get people onto the property ladder. Not into rent.
1 bedroom flat for sale in Hill House, Portsmouth Road, Esher, Surrey, KT10, KT10
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