OECD calls for restrictions on help to buy

System

http://en.wikipedia.org/wiki/Argumentum_ad_populum

Graham_Devon wrote: »

So basically, no matter who is saying it, no matter how many are saying it.....they are all wrong?

:laugh:

I don't know how you lot still deal with this.

Jack_Johnson_the_acorn

Originally Posted by Graham_Devon :
So basically, no matter who is saying it, no matter how many are saying it.....they are all wrong?

Joeskeppi wrote: »

:laugh:

I don't know how you lot still deal with this.

Unbelievable:rotfl:

purch

chucky wrote: »

Yet another inaccurate urban myth

I though Devon was mainly rural :T

lisyloo

green field site should be used as required

I don't think we should voraciously use the resoures of the planet for our own ends and ruin it for our children.
First you should encourage people like me to stop over-consuming housing.
Making it CGT free is an encouragement to over-consume I'm afraid.

Brownfield sites - no issue with that.

TickersPlaysPop

Stop help to buy and divert the money into help to build.... But the property would only be able to be sold to FTB's.... or put a condition or by law on the property so that the house can only ever be sold to owner occupiers. The new builds should not be allowed to fall immediately into the hands of BTL.... this will help reduce current demand pressure on these special new builds to help slow the market price increase down.

It can be part of tax law so that there is an obligation to register that it is your primary residence, or suffer fines.

wotsthat

TickersPlaysPop wrote: »

Stop help to buy and divert the money into help to build.... But the property would only be able to be sold to FTB's.... or put a condition or by law on the property so that the house can only ever be sold to owner occupiers. The new builds should not be allowed to fall immediately into the hands of BTL.... this will help reduce current demand pressure on these special new builds to help slow the market price increase down.

It can be part of tax law so that there is an obligation to register that it is your primary residence, or suffer fines.

Basically just rebrand help to buy and call it help to build.

CLAPTON

TickersPlaysPop wrote: »

Stop help to buy and divert the money into help to build.... But the property would only be able to be sold to FTB's.... or put a condition or by law on the property so that the house can only ever be sold to owner occupiers. The new builds should not be allowed to fall immediately into the hands of BTL.... this will help reduce current demand pressure on these special new builds to help slow the market price increase down.

It can be part of tax law so that there is an obligation to register that it is your primary residence, or suffer fines.

so basically you are suggesting that if a small landlord wants to buy another property to let, he will only be allowed to buy the existing stock or a new build that hasn't been built with the new brand 'help to build (however that works).


so same overall level of demand and same overall level of supply
how will this reduce demand or price?

do you know how many properties change hands each year?
do you know how many are bought with HTB?

TickersPlaysPop

I am thinking the gov will soon be under high visible pressure to do something to help more build houses. So assuming the help to build scheme is a significant percentage of turn over....

Example.... a help to build house is put on market.... Only owner occupiers or FTB's are competing to buy it.... So there is less pressure on pushing the house value higher, compared to old housing stock on the market.

It can be on part of several ideas to keep house price increases below wage increases for the next 10-15 years to bring us back to a sensible level of house price to wage.

I fear if serious reform is not carried out more and more properties will be snapped up by buy to let because people cannot afford to buy. The demand for rental properties is because people cannot afford homes. Surely we have enough properties available for rent now?.... It's time to let people buy their home and let the poeple of this nation build wealth and be part of the success of the nation.

CLAPTON

TickersPlaysPop wrote: »

I am thinking the gov will soon be under high visible pressure to do something to help more build houses. So assuming the help to build scheme is a significant percentage of turn over....

why don't you check on what percentage of house building is supported by BTL
and what percentage of total housing transaction

the internet is your friend

Example.... a help to build house is put on market.... Only owner occupiers or FTB's are competing to buy it.... So there is less pressure on pushing the house value higher, compared to old housing stock on the market.

no
if small landlords are forced to compete for the old stock then potential owner occupiers or FTB will be priced out and so will seek to buy new builds thus pushing up the price.

overall the supply / demand balance will be unchanged and so will the overall price level



the only serious way of solving a shortage of housing is to build more houses and not to wage a class war.

ukcarper

AS far as I understand help to buy is not available for BTL.