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Ten steps to release pressure on housing market
Comments
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Assumptions you are making....
1) Demand is only from residents... "Buy to live in"
2) The increase in house building will be able to ramp up quick enough to control HPI.
We all know in reality that house building won't be able to increase fast enough, so... HPI will continue, and it is our governments responsibility to do what is needed now to prevent this very socially devisive element corroding life, living standards and pushing a generation into poverty.
Solutions for the interim before house building catches up....
1) The supply/demand issue.... the demand needs to be only from people buying to live in the property. To stop house profiteering which is pushing the market up.... We must ban
A) non resident purchases
multiple house purchases (this would need to be combined with an alternative to the current ad hoc buy to let land lord merchants)
2) stop banks giving loans out with huge terms, I.e. Over 35 yrs. this needs to be the ceiling, and we can't let our country go beyond this stage. I understand this might slow house building, but I think it will only reduce the then ridiculous profits the house builders would be making at that point.Peace.0 -
why would cgt on primary residences increase the number of houses built or reduce their price?
The economic ignorance of the left often leads to a suggestion that limiting a resource will tend to a decrease in its price.
In this case, of course, introducing a capital gains tax will stop people moving as easily, and so will lead to a lack of housing in certain areas, and thence local hot-spots with rampant house price inflation.0 -
No it's not, Hamish has summed it up well. It's politics.Graham_Devon wrote: »It is though, another article suggesting that HPI should be reeled in.
It's for the sheeple that read what they want to believe.0 -
There is an alternative to building more houses to meet demand, and that is reducing demand through population reduction.
Don't get me wrong, I'm not advocating killing people, just de-patriating the economically inactive, then the stupid, then the smelly, and so on in that fashion until we've booted enough people out to have enough houses to go around. I'm sure some people would complain, maybe even play the "I was born here" birth right card in objection, but I really can't bring myself to care about that.If you think of it as 'us' verses 'them', then it's probably your side that are the villains.0 -
TickersPlaysPop wrote: »Assumptions you are making....
1) Demand is only from residents... "Buy to live in"
2) The increase in house building will be able to ramp up quick enough to control HPI.
We all know in reality that house building won't be able to increase fast enough, so... HPI will continue, and it is our governments responsibility to do what is needed now to prevent this very socially devisive element corroding life, living standards and pushing a generation into poverty.
Solutions for the interim before house building catches up....
1) The supply/demand issue.... the demand needs to be only from people buying to live in the property. To stop house profiteering which is pushing the market up.... We must ban
A) non resident purchases multiple house purchases (this would need to be combined with an alternative to the current ad hoc buy to let land lord merchants)
2) stop banks giving loans out with huge terms, I.e. Over 35 yrs. this needs to be the ceiling, and we can't let our country go beyond this stage. I understand this might slow house building, but I think it will only reduce the then ridiculous profits the house builders would be making at that point.
You keep mentioning replacing BTL but there is nothing stopping large companies etc entering the rental market now and they aren't what makes you think that will change.
Have you got any figures for loans in excess of 35 years I would think they are insignificant.0 -
The Observer article starts with : "As London property prices soar 18% in a year, a damaging housing boom now looks likely to spread across large parts of the country. What are the policy options to correct the market? "
Why assume that what happens in London will be replicated across the country ? Everyone knows that London is different and special.
Why use hyperbole like "soar" to describe 18% in one region ?
Why is a housing boom necessarily "damaging" ? It may have beneficial and detrimental effects depending on perspective. There is no balance here.
Why does the market need "correcting". By what standard is the current situation "incorrect" ? Markets are markets and depend on forces of supply and demand. Only when cartels or monopolies are allowed to dictate events can "correction" be justified. Housing certainly is not that sort of market.
The rest of it is a typical ill thought through hotch-potch of homilies from carefully elected so-called experts, much of it based on the premise that landlord = fat cat, evil exploiter.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Ten ideas & 5 of them are "increase taxes". Sigh.0
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I find the idea that we must ban or tax foreign investors laughable. Half the people in this country seem to have a holiday home in Spain or France. One rule for us...0
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Ten ideas & 5 of them are "increase taxes". Sigh.
Well it is a Guardian article.....;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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