Why do people resent buy-to-letters so much?

BananaRepublic

Crashy_Time wrote: »

Really. Do enlighten us Oh Great One on how around 50% of school leavers can go on to some kind of further education and that education can have intrinsic worth :rotfl: IMO they are just funding their own unemployment benefit in many cases.

Why do people such as you engage in such polarised black and white terms?:(

Somerset said that a degree is worthless. That is indeed an absurd remark.

Most of my contemporaries got nice cushy jobs on the strength of a degree. I've also done not too bad.

Crashy_Time

chucknorris wrote: »

There are IMO too many students doing degrees (generally), I can't argue with that, because I say it all the time myself.

What is the solution then?

Crashy_Time

BananaRepublic wrote: »

Why do people such as you engage in such polarised black and white terms?:(

Somerset said that a degree is worthless. That is indeed an absurd remark.

Most of my contemporaries got nice cushy jobs on the strength of a degree. I've also done not too bad.

When did you graduate?

BananaRepublic

Crashy_Time wrote: »

Yes, for HMRC going forward it seems ......

Well, I would argue that BTL landlords still have unfair tax advantages, and all HMRC has done is to close off some of the tax avoidance. Obviously a BTL landlord will not see it in those terms, and will go on about the value they add to the economy, and how they work their little socks off all so that some nice person can rent their lovely flat at a surprisingly fair rent, cos they do not want the hassle of bothering theur pretty little head with the difficulties of ownership.

CLAPTON

BananaRepublic wrote: »

And what proportion of landlords buy delapidated empty properties and do them up? Almost none is I bet.

that means that there are loads of dilapidated properties waiting for FTB to snap them up for peanuts

BananaRepublic

Crashy_Time wrote: »

When did you graduate?

Some decades back. If you genuinely think that "a degree is worthless" then you are deluded.

BananaRepublic

CLAPTON wrote: »

that means that there are loads of dilapidated properties waiting for FTB to snap them up for peanuts

I wish there were. Down here any property is snapped up. Delapidated means a nice project. Up north there probably are a lot of old Victorian houses vacant. Potentially very nice.

CLAPTON

BananaRepublic wrote: »

You can call anything a business. In general BTL is a phoney business, in reality it is no more than an investment scheme, a potentially very lucrative one. It's time people stopped this pretence that they are carrying out a service, dutifully saving Britain. BTL landlords are most probably mostly honest decent people doing something legal to fund their later years. I though cannot see why they deserve special tax breaks that home owners and other investors do not get.

just don't understand why wonderful people like you, don't take advantage of these massive tax breaks and let out these quality properties at cheap rents with long leases and keeping them in immaculate condition.

chucknorris

Crashy_Time wrote: »

What is the solution then?

Well I think students having to pay for their own degrees was a step in the right direction, at least the tax payer isn't footing the bill to the extent that they previously were, and it might make students think twice about doing a less useful degree.

But the tax payer is still paying to some extent because of the subsidised loans, and also companies that employ part time students claim the cost of paying for their degrees as a business expense. I think that universities should have more stringent entry levels, to weed out the weaker students.

Hasbeen

CLAPTON wrote: »

that means that there are loads of dilapidated properties waiting for FTB to snap them up for peanuts

I think that what some landlords do as FTB cannot get funds to do them up, Unfortunately

The buyers do them up rent out for a few years to get some money back and then sell on hopefully to FTB.

There appears to be no help to FTB buying a completely dilapidated property requiring a lot of work as per money constraints the BTL here appear to be retired looking for some future benefits etc??