OECD calls for restrictions on help to buy

wymondham

The best way to keep BTL's out of the market is to not destroy other means of investment, ie continual emergency interest rates etc. If people could get a return elsewhere then maybe they wouldn't be so keen to invest and hence ramp up property?


No schemes are needed to build/sell/buy houses... let it all find its own way .....

CLAPTON

wymondham wrote: »

No schemes are needed to build/sell/buy houses... let it all find its own way .....

why, then, do we have a shortage of housing?

TickersPlaysPop

If the market is continually starved of new properties then house prices will never stop increasing?

The housing market should never have been allowed to be a free market and left to find its own way. Housing is not something to make living out of, this is the error in our culture.

We all know that housing building is not going to suddenly increase from approx 120000 per year, to the suggested 300000 that is needed ... something needs to be done now. Changes and interventions are not actions to be seen as messing with the market, it is doing what is morally right and making changes to the system to let people buy their home.

How to open up other investment opportunities?

Let's divert the money being invested in buy to let into something much more constructive and creative and sustainable.... how about "invest in UK" fund, where the pooled money is invested in things that will create jobs in the UK?... At the same time, make buy to let a lot less attractive than it is now by increasing tax. Again the invest in UK fund could have tax incentives.

I am very disappointed with successive governments allowing the housing market to run free, we need to decide on a new system that is controlled and restricted and then make small steps towards it over the next 10-15 years.

TickersPlaysPop

Maybe our gov is not allowed to create an invest in UK fund,.... Is it against EU laws?!

CLAPTON

TickersPlaysPop wrote: »

If the market is continually starved of new properties then house prices will never stop increasing?

The housing market should never have been allowed to be a free market and left to find its own way. Housing is not something to make living out of, this is the error in our culture.

We all know that housing building is not going to suddenly increase from approx 120000 per year, to the suggested 300000 that is needed ... something needs to be done now. Changes and interventions are not actions to be seen as messing with the market, it is doing what is morally right and making changes to the system to let people buy their home.

How to open up other investment opportunities?

Let's divert the money being invested in buy to let into something much more constructive and creative and sustainable.... how about "invest in UK" fund, where the pooled money is invested in things that will create jobs in the UK?... At the same time, make buy to let a lot less attractive than it is now by increasing tax. Again the invest in UK fund could have tax incentives.

I am very disappointed with successive governments allowing the housing market to run free, we need to decide on a new system that is controlled and restricted and then make small steps towards it over the next 10-15 years.

we don't have a free market in housing because of the government imposed restrictions on land usage.
land is a fair basic ingredient of housing.

wymondham

CLAPTON wrote: »

why, then, do we have a shortage of housing?

BTL'ers buying them all up!

CLAPTON

wymondham wrote: »

BTL'ers buying them all up!

I'm unaware that small landlord leave many properties empty (unlike public bodies)