Darwinian natural selection will ensure property will once again boom.

vigesimal

carolt wrote: »

You are so funny, chucky!

So a FTB who buys the same property as you and who cannot reclaim the tax on the interest they pay for their mortgage - it comes out of pre-taxed income - is not in a worse position than a BTLetter, who can?

So how is that?

And when you compare yourself to other business buying for example, machinery or equipment, presumably you are referring to productive businesses. The problem with BTL is that you don't actually produce anything - by the unfair tax breaks mentioned above, you are able to outbid a would be homeowner from owning their own home.

A house is NOT a business - it is a home. You're not renting out business premises which are optional. Your income streams relies on depriving others of an essential - a roof over their head - or your 'business' plan would fail at the first hurdle.

You know it and are at best disingenious in pretending you have no idea..

You put that so well carolt that I just had to put the whole quote in.

Just wait a while and some BTLer will be on here justifying their buying houses as giving someone a home, instead of facing the reality that they have cheated a generation from owning their own house. I have as much sympathy for BTLers as I have for EAs.

hethmar

ruggedtoast wrote: »

Personally I'd love to see renters given the same protection they receive in Germany for instance. Note that throughout our crisis germanys housing market has been mostly unaffected, as being a landlord there actually requires some responsibility thye havent had all the get rich quick btl prats distorting the market, and tenants are happier too.

But then Germans have this odd idea that wealth creation is about working hard and producing things, not pyramid selling to one another and creating unfathomable algorithms designed to pretend theyre not just printing more money.

Sorry, have to disillusion you, my cousin, who has lived in Germany for 40 years recently retired back here and he was saying how the house price crash came earlier there and he took a very bad hit on his property. Further, dont believe all that worth ethic thing The one good point he made was that solicitors there have to have a fixed price for a case and not charge by the hour like ours do.

olly300

vigesimal wrote: »

My post was about FTBers not getting the tax relief that BTLers get. Read the page again.

BTLers are businesses.

People who run small businesses whether sole traders or limited companies don't pay the same tax and NI as people who are employed.

This has already been explained to you so you can rant as much as you like but you are comparing apples and oranges.

chucky

vigesimal wrote: »

You put that so well carolt that I just had to put the whole quote in.

Just wait a while and some BTLer will be on here justifying their buying houses as giving someone a home, instead of facing the reality that they have cheated a generation from owning their own house. I have as much sympathy for BTLers as I have for EAs.

if your mental aptitude allowed you to work this out, you would see that Carol rents - this is probably from a landlord. do you think that he is 100% mortgage free?

he probabaly isn't which means that he is a BTLer.

vigesimal

olly300 wrote: »

BTLers are businesses.

People who run small businesses whether sole traders or limited companies don't pay the same tax and NI as people who are employed.

This has already been explained to you so you can rant as much as you like but you are comparing apples and oranges.

A business usually makes something or gives employments to others and BTLs don't do that. The tax breaks that have been given to BTLers has not been given to FTBers. This means, as I have already said, that a generation has missed out on the chance to by a home.

You seem to choose to be in denial of that.

vigesimal

chucky wrote: »

if your mental aptitude allowed you to work this out, you would see that Carol rents - this is probably from a landlord. do you think that he is 100% mortgage free?

he probabaly isn't which means that he is a BTLer.

If your brain allowed you to process and retain information, then you would be able to know that carolt put that she rents, in a post just a few posts up from yours.

I should image that her LL is a BTLer. Your point is? Or are you trying to say that her LL is providing her with a home?

If carolt got tax releif on the mortgage interest payments and 10% tax releif on the wear and tear of her property like BTLers get, then perhaps she would have bought a house. Do BTLers really not understand this? Or they just in denial of what their actions have done to other people?

chucky

lol - you really do have some issues to deal with haven't you...
do you picket outside tescos telling them that they are forcing small grocery stores to close?

i'm not here to justify BTL. it works for me and i'm very happy with it.
just really impressed that you've found a loophole in the tax system that BTLers have tax advantages over residential buyers.

also when you say that BTL doesn't produce anything - i rent one of my properties to a business. what do you think of that?

do you think that i am taking a home away from someone?

carolt

Don't bother, vigesimal.

Of course they're not going to look at themselves and admit - to themselves or us - they are are nothing but parasites on the rest of us. They cling to the idea that they are a productive business - despite producing nothing - and that they provide homes, rather than preventing FTB's from owning their own homes.

They do that because it's in their interest to do so, financially and psychologically.

It helps them sleep at night.

adr0ck

carolt wrote: »

Of course they're not going to look at themselves and admit - to themselves or us - they are are nothing but parasites on the rest of us. They cling to the idea that they are a productive business - despite producing nothing - and that they provide homes, rather than preventing FTB's from owning their own homes.

not everyone wants the hassle of buying though

a lot of people do enjoy the freedom of renting

i certainly enjoyed the freedom of renting when i was younger

chucky

carolt wrote: »

Don't bother, vigesimal.

Of course they're not going to look at themselves and admit - to themselves or us - they are are nothing but parasites on the rest of us. They cling to the idea that they are a productive business - despite producing nothing - and that they provide homes, rather than preventing FTB's from owning their own homes.

They do that because it's in their interest to do so, financially and psychologically.

It helps them sleep at night.

properties always get developed (give work to local builders), property gets marketed (EA's get work, helps support that business and the people that work for that business), property gets advertised (advertising space in magazines, that also provides jobs), property gets rent to someone who does not want to buy. they are happy i receive money. i could add lots more detail to this scenario but i'm sure you get the picture...

a quick question carol - do you speak to your landlord with the hate that you do in this forum? i bet you don't and you're as good as pie, otherwise you'd be on the street and you know it!

it's not the fault of a BTLer that you have missed the boat a few times Carol - it really isn't, it's the decisions that you've made in your own life...