QE: What if...

CLAPTON

Crashy_Time wrote: »

Cutting CGT, forcing up the minimum wage, raising the tax threshold for starters? Oh and dismantling the BTL monster, that would free up lots of money after people buy flats/houses at fire sale prices? This thread has some unusually interesting debate BTW, unusual for on here I mean.

there is unlikely to be a fire sale of house unless there is a surplus.
Whilst that may be so in some parts of the country, in many parts there is a housing 'shortage' so if landlords are forced to sell prices won't be a fire sale levels

Crashy_Time

CLAPTON wrote: »

there is unlikely to be a fire sale of house unless there is a surplus.
Whilst that may be so in some parts of the country, in many parts there is a housing 'shortage' so if landlords are forced to sell prices won't be a fire sale levels

Price is all about available credit though, not the number of houses.

Crashy_Time

Oh, and it is also about sentiment, how many people do you think will want BTL style flats at anything but a good discount, they know they are a tax target now.

CLAPTON

Crashy_Time wrote: »

Oh, and it is also about sentiment, how many people do you think will want BTL style flats at anything but a good discount, they know they are a tax target now.

how long before we will see a price collapse in London?

Crashy_Time

CLAPTON wrote: »

how long before we will see a price collapse in London?

Which part of London?

CLAPTON

Crashy_Time wrote: »

Which part of London?

by post code would be good

chucknorris

Crashy_Time wrote: »

Which part of London?

SW11: Battersea, I'm trying to talk myself into selling crashy, the last thing I need is you trying to convince me that a buying opportunity is just around the corner. Although I accept both could be done, but it isn't just financially driven.

Crashy_Time

CLAPTON wrote: »

by post code would be good

Can`t you figure it out for yourself?

Crashy_Time

chucknorris wrote: »

SW11: Battersea, I'm trying to talk myself into selling crashy, the last thing I need is you trying to convince me that a buying opportunity is just around the corner. Although I accept both could be done, but it isn't just financially driven.

You still sound confused, you should just decide what you want and do it IMO. Either you get a warm flush at the thought of buying property and making profit (Buffet probably feels like this about stocks/companies) or you accept that you have had a good run, sell up and take some actual money away.

chucknorris

Crashy_Time wrote: »

You still sound confused, you should just decide what you want and do it IMO. Either you get a warm flush at the thought of buying property and making profit (Buffet probably feels like this about stocks/companies) or you accept that you have had a good run, sell up and take some actual money away.

I was joking about buying, I just wouldn't. Confused? Far from it, we are working to a (fluid) plan, I'll retire this (or next) summer, my wife is retiring end of this year. Move into two or more properties that we have not yet lived in, to gain tax advantages, prior to selling. Additionally we are taking a look at the Isle of Man this summer, as a potential (part time, wouldn't particularly want to live there in the winter) retirement destination. There is a lot going on, although sadly it was instigated by the passing of my MIL, who my wife (very heavily) financially supported, and we expected her to live for another 10-20 years, so things have dramatically changed for us in the last month.

Things have changed, not just because of finances, but also once again, it has been underlined to me that we are not around forever, she was only 72, and in good health on a Friday, but she was dead the following Tuesday.