Housing Boom on the Way....

ukcarper

caronoel wrote: »

They would also have to pay income tax on the annuity income, so the after tax effect would be similar.

actually, it would be preferable under the proposed approach due to the ability to withdraw a 25% tax free lump sum

Average retirement pot is £40k so £10k tax free and £30k taxed leaving £32.5k to invest if taxed at basic rate.

C_Mababejive

Landofwood wrote: »

I'm not sure if you're serious.

Population is growing. People are living longer while people continue to have babies, and there is net immigration.

http://www.migrationwatchuk.org/latest-immigration-statistics

I am serious and i appreciate your pointer tells part of the story and it is part of a bigger picture.

I think that given the nature of land ownership in the UK and the scarcity of land, we should seriously consider building up. There is plenty of room in the sky.

What we must not do however is make the mistakes of previous years i.e building low grade high buy cost ghettos in the sky.

marleyboy

Sibley wrote: »

Headline on Sky News.

http://news.sky.com/story/1458906/tories-pledge-1980s-style-housing-revolution




Tories Pledge 1980s-Style Housing 'Revolution'
A plan to get half a million first-time buyers onto the property ladder every year is unveiled by George Osborne.
04:28, UK,
Sunday 05 April 2015
More than 200,000 new homes are needed this year
Mr Osborne wants at least 2.4 million first-time purchases over five years

Hmmm, I seem to remember the Tory plans of the 80s. If I recall mortgages went up to 10-15%, not the house prices of course. Most of the Social Housing was sold off to private Landlords.

Generali

marleyboy wrote: »

Most of the Social Housing was sold off to private Landlords.

No it wasn't.

TickersPlaysPop

This is all rubbish and lies. There will always be a convenient excuse for not meeting targets for building or first time buyers.

This is all way way too late, and labour were in charge for the lion share of the house price inflation.

I'm glad this is becoming a serious election issue because I have been banging on about it for ages.... Especially protecting some new properties for sale to first time buyers only to segregate competition from buy to let... I.e. Demand.

padington

Interesting to see at the end of the Q&A after Paxmans interview, Cameron cites 'help to buy' as being the one thing he wished he did quicker because 'the key thing more than anything else is to get the economy working'.

It seems house price inflation is the number Tory priority.

pop_gun

The government announcement proves house prices are too prohibitive. The government (past and present) want to pretend
the housing market isn't artificially inflated and first time buyers can afford a home with a little help from the government.
Neither is true.

The whole thing is run by the government. Even the consequences of their (home owners) actions (repossessions) are skewed by forbearance by the banks at the government's insistence.

Jobs are scarce and wages are declining. The higher house prices go the more money the government will need for the help to buy scheme. But soon no amount will be enough to convince someone they can afford a home in London.

Landofwood

C_Mababejive wrote: »

I am serious and i appreciate your pointer tells part of the story and it is part of a bigger picture.

I think that given the nature of land ownership in the UK and the scarcity of land, we should seriously consider building up. There is plenty of room in the sky.

What we must not do however is make the mistakes of previous years i.e building low grade high buy cost ghettos in the sky.

When did land become scarce? Do you have any sources as apparently my info is out of date.

Thrugelmir

padington wrote: »

Interesting to see at the end of the Q&A after Paxmans interview, Cameron cites 'help to buy' as being the one thing he wished he did quicker because 'the key thing more than anything else is to get the economy working'.

It seems house price inflation is the number Tory priority.

In case it's passed you by. Construction is one activity that has benefits to the wider economy.

padington

Thrugelmir wrote: »

In case it's passed you by. Construction is one activity that has benefits to the wider economy.

I just relayed the facts. I've also previously outlined the clear benefits to building more houses a number of times.