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Debate House Prices
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Suggestions for controlling house price rises
Comments
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How about having a different interest rate for properties within the M25?
Higher within the m25 but leave rates as they are in the rest of the country for now.0 -
sheffield_lad wrote: »How about having a different interest rate for properties within the M25?
Higher within the m25 but leave rates as they are in the rest of the country for now.
Political suicide as regards every constituency within the M25.0 -
Why does the notion that rising house prices may not be sustainable have to result in action being taken to "control" them ? If people buy into what may be a bubble and then lose their shirt over it, isn't that their responsibility as consenting adults ? House price inflation involves winners and losers -- why should public policy be geared to favouring one or the other group ?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 -
don't allow BTL landlords to offset mortgage interest against income for tax. Would deflate the market quite nicely.
They tried this in Ireland at the start of their house price boom in the early noughties.
Effect was that the house buying market stalled, and rents soared as investors moved their money into other asset classes.
It also increased the incidence of "cash in hand" payments to landlords to avoid punitive taxes.
So while this might sound an attractive option, the net effect is to increase both rents and tax evasion.0 -
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I think everyone who has been living in a house for some years where the number of bedrooms outnumbers the number of people substantially should have to pay a selfishness tax, or open themselves up to lodgings to a young homeless person.
This would help the housing problems and help the boomers by reconnecting them to their better nature.
Finally they would see that the lot of the youngers is very hard right now, and their hearts would open with compassion.0 -
sheffield_lad wrote: »How about having a different interest rate for properties within the M25?
Higher within the m25 but leave rates as they are in the rest of the country for now.
How about building more houses?0 -
sheffield_lad wrote: »Not if the decision is taken by the independent BOE.
what about if one party said it would reverse the policy upon it's election?0 -
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