Darwinian natural selection will ensure property will once again boom.

mjdh1957

Lots of societies value largeness as an attractive trait. It's a sign that this person has had sufficient food and will be able to survive in lean times. And (for women) good child-bearing hips have been a good asset too. Look at the kind of nudes painted by Renaissance painters (Rubensesque is the term used for those painted by Rubens).

It's only modern Western society that values slimness really.

I fancy blokes anyway so I'm another exception to your supposed 'norms'

lethal0r

I agree entirely with conrad.

You cannot stop boom & bust (and should not even try to) because it is how life exists. Perhaps you could even say boom & bust is a by-product of evolution.

The goverment should just ensure that all markets are fair & competitive (eg no bonuses to bankers unless it benefits the bank) and everything else will take care of itself.

MissMoneypenny

lethal0r wrote: »

You cannot stop boom & bust (and should not even try to) because it is how life exists. Perhaps you could even say boom & bust is a by-product of evolution.

Not all countries have boom and bust.

lethal0r wrote: »

The goverment should just ensure that all markets are fair & competitive (eg no bonuses to bankers unless it benefits the bank) and everything else will take care of itself.

And no tax relief to BTLers, to make it fair to the first time buyers.

chucky

MissMoneypenny wrote: »

Not all countries have boom and bust.

I don't know the answer to this - which countries don't have boom and bust?

MissMoneypenny wrote: »

And no tax relief to BTLers, to make it fair to the first time buyers.

Which tax relief to BTLers get?

vigesimal

chucky wrote: »

Which tax relief to BTLers get?

Tax relief on the interest payments. 10% tax allowance on wear and tear.

chucky

vigesimal wrote: »

Tax relief on the interest payments. 10% tax allowance on wear and tear.

they are not classed as tax relief unfortunately.

they are both expenses of letting a property.

vigesimal

chucky wrote: »

they are not classed as tax relief unfortunately.

they are both expenses of letting a property.

They are tax breaks that a first time buyer doesn't get and BTLers usually buy the properties that first time buyers would get. These are unfair advantage and not in the interests of being "fair and competitve" which is the sort of market lethal0r wanted to ensure the governement did.

However, with house prices crashing, I think you might have preferred to put whatever equity you may have left in your BTLs at the moment, into Icesave.

mewbie_2

So at the very peak of the evolutionary chain, after millions of years of evolution we have the perfect specimen who is buying some buy to lets. The rest of us losers can only watch and weep as the ladeez flock to worship at Conrad's feet.

olly300

vigesimal wrote: »

They are tax breaks that a first time buyer doesn't get and BTLers usually buy the properties that first time buyers would get. These are unfair advantage and not in the interests of being "fair and competitve" which is the sort of market lethal0r wanted to ensure the governement did.

Equity in their own property not tax breaks meant BTL were buying properties that first time buyers want.

If your a seller you normally sell to the person who has the most money.

ManAtHome

That's evolution for you - took us from 'when time began' to 1997 to rack up around £600bn personal debt and the next 10 years to more than double it - 'survival' of the blingest..?