If we vote for Brexit what happens

System

There are alot of narrow minded people on here, a house is a basic need not a wealth generating machine! For the economy to recover, households discretionary income needs to be increased. Low base rates is like crack cocaine, it's hard to get off them. When the reset eventually happens, the base rate will be required to be raised in order to protect the pound.

Crashy_Time

mrlegend123 wrote: »

There are alot of narrow minded people on here, a house is a basic need not a wealth generating machine! For the economy to recover, households discretionary income needs to be increased. Low base rates is like crack cocaine, it's hard to get off them. When the reset eventually happens, the base rate will be required to be raised in order to protect the pound.

I`m pretty sure things are going to get interesting if Italy gets into trouble (if it admits it`s in trouble I mean)

System

High house prices and rental rates just suck money out of the economy leading to job losses and certain industries going bankrupt. We need to raise discretionary income by building more properties on brownfield sites, removing stamp duty and introducing capital gains tax on all sold properties. The capital gains tax will help fund new house building. The housing market will stall during the short term. For landlords, rents should be set by the council and tenants rights protected. 3 of my high earners friends have lost their jobs since brexit. Brexit is a good thing because we will take back control and will be able to plan for services.

System

You need to keep a eye on China more than the Eurozone. They have alot of unproductive debt kicking about. Brexit is not the problem, it's China and the Eurozone.

For Dan, do you want to stay in the UK or leave the UK and join the EU? I think you would rather stay in the UK to protect your HP.

ukcarper

Crashy_Time wrote: »

So who bought all the council houses then, it couldn`t have been all landlords surely?

I didn't mean council houses it's a lot easier with a big discount, shouldn't have been sold in my opinion or at least the proceeds should have been used to build more.

ukcarper

mrlegend123 wrote: »

High house prices and rental rates just suck money out of the economy leading to job losses and certain industries going bankrupt. We need to raise discretionary income by building more properties on brownfield sites, removing stamp duty and introducing capital gains tax on all sold properties. The capital gains tax will help fund new house building. The housing market will stall during the short term. For landlords, rents should be set by the council and tenants rights protected. 3 of my high earners friends have lost their jobs since brexit. Brexit is a good thing because we will take back control and will be able to plan for services.

The only thing I agree with is the need to build more houses and if the green field sites are picked with care there is scope to build there aswell. I don't thing capital gains tax would be a good idea it would stop people downsizing and discourage people from upsizing.

System

In 2020, I feel sorry for the amateur landlords they are going to get hurt very badly. They forget that the market sets the rental rate based on affordability.This quarter rents have stalled and in some regions fell. They can raise rents all they want, this will just increase personal debt levels to a unsustainable level. They will lose eventually. Brexit can not be blamed

Crashy_Time

mrlegend123 wrote: »

You need to keep a eye on China more than the Eurozone. They have alot of unproductive debt kicking about. Brexit is not the problem, it's China and the Eurozone.

For Dan, do you want to stay in the UK or leave the UK and join the EU? I think you would rather stay in the UK to protect your HP.

Most Scots not bothered about high HP`s any more?


http://www.express.co.uk/news/uk/694881/Nicola-Sturgeon-Brexit-Scottish-independence-referendum-EU-Scots-leave-UK

ukcarper

mrlegend123 wrote: »

In 2020, I feel sorry for the amateur landlords they are going to get hurt very badly. They forget that the market sets the rental rate based on affordability.This quarter rents have stalled and in some regions fell. They can raise rents all they want, this will just increase personal debt levels to a unsustainable level. They will lose eventually. Brexit can not be blamed

if there is not enough property rents are not set by the affordability of everybody.

Crashy_Time

ukcarper wrote: »

if there is not enough property rents are not set by the affordability of everybody.

Doesn`t really make sense the way you have written it, but there is more than enough property.