Reply to: Nationwide House Prices

[sasguru]

He only had one, or maybe 2, if I remember correctly. Perhaps it was in a backwater town up North where prices hadn't risen in the past 10 years.

Or maybe he's evaded CGT somehow

I had 2 in London, no mortgage, both bought for a relative pittance in the 90s/ early 00s.
Paid/paying the eye-watering CGT, yes
But still left with a nice lump sum which is in an index fund now.

[ChimpMaster]

Was it really worth it for the eyewatering CGT you must have been stung for?

(unless of course you sold them at a loss or break even)

He only had one, or maybe 2, if I remember correctly. Perhaps it was in a backwater town up North where prices hadn't risen in the past 10 years.

Or maybe he's evaded CGT somehow

[AtW]

CGT will go up under Tory Scum, remember you've heard it on here first...

[OwlHoot]

Not a surprise really. That's why I sold my BTLs. Got the peak nicely

Was it really worth it for the eyewatering CGT you must have been stung for?

(unless of course you sold them at a loss or break even)

[fullyautomatix]

Not a surprise really. That's why I sold my BTLs. Got the peak nicely

BTL was being aggressively targeted by Osbourne/Cameron anyway. I think the BTL train has left the station. Property is still attractive as an investment if you buy in cash.

[filthy1980]

All house prices will crash, apart from luxury apartments in Bham!

until after brexit when all the eastern European call girls have to go back

[sasguru]

Not a surprise really. That's why I sold my BTLs. Got the peak nicely

[AtW]

All house prices will crash, apart from luxury apartments in Bham!

[PurpleGorilla]

We've just put ours on the market, bumped the price.. lots of viewings..

It's all relative, if the market falls the proeperty we buy will be cheaper also. Not worried.

As long as the money supply keeps the ladder working then you are in a win win.

[Dark Black]

We've just put ours on the market, bumped the price.. lots of viewings..

It's all relative, if the market falls the property we buy will be cheaper also. Not worried.

[PurpleGorilla]

So have most people. Since about 2002.

The housing market is the only thing keeping the economy up. It won't be allowed to fall.

Help To Buy 4

QE helicopter money

Interest Rates to Zero

----

Fook that tulip.

[BrilloPad]

Its actually been slowly happening for quite a while.

I have been waiting for it

So have most people. Since about 2002.

The housing market is the only thing keeping the economy up. It won't be allowed to fall.

[PurpleGorilla]

If the land value tax is implemented it would be a disaster for anyone in London including me

There should be an extra charge for subsurface buildings.

All those London iceberg homes :-)

[SandyD]

If the land value tax is implemented it would be a disaster for anyone in London including me

[OwlHoot]

Them Tories will crash the market !!!

If Labour get in, and implement their Land Value Tax, you ain't seen nothing yet!