Why I would be celebrating if Brexit led to lower house prices

HAMISH_MCTAVISH

CLAPTON wrote: »

You never have said how much more tax you are willing to pay for the necessary infrastructure upgrade to pay to meet the needs of the immigrants: would that be 5p in the pound or more?

EU immigrants are more than self funding.

They already pay in a £20 billion surplus every decade.

We choose to spend that surplus subsidising the native born for other things.

I suggest we allocate that £20bn to infrastructure and cut spending on the native born by a comparable amount.

CLAPTON

HAMISH_MCTAVISH wrote: »

EU immigrants are more than self funding.

They already pay in a £20 billion surplus every decade.

We choose to spend that surplus subsidising the native born for other things.

I suggest we allocate that £20bn to infrastructure and cut spending on the native born by a comparable amount.

the 20 billion surplus is fanatasy totally ignoring consequential costs.

but I agree we should cut £20 billion from the Scottish budget

mayonnaise

While house prices in the capital are appallingly expensive for British buyers, the pound’s Brexit-induced slump has made them very much cheaper for foreign investors

Those people that thought Brexit would lead to them being able to get a des res in one of the better parts of London are out of luck. They’re going to have to settle for renting, possibly from one of the new overseas owners who will be raising a glass of something fizzy and expensive to Nigel Farage with the money.

Oops. The law of unintended consequences strikes again.:)

http://www.independent.co.uk/voices/brexit-house-price-rise-foreign-investors-london-property-market-pound-slump-a7525961.html

CLAPTON

mayonnaise wrote: »

Oops. The law of unintended consequences strikes again.:)

http://www.independent.co.uk/voices/brexit-house-price-rise-foreign-investors-london-property-market-pound-slump-a7525961.html

given you believe that brexit will lead to a collapse in the UK economy (falling off a cliff) and obviously a net outflow of people to the ever prosperous EU27; why would any foreigner want to buy in London : is it the climate?

kinger101

I stopped reading after "Fitch, the credit rating agency".

PasturesNew

The Govt need house prices to be high and higher because:
- they get larger tax incomes from each sale
- they get to cash in your house to pay for your care in the future.
- they personally own quite a lot of property, so want to be "worth more" on paper so they can borrow more .... to buy more ... to own more ...

If everybody owned a house and all houses were worth £25k the Govt'd be in trouble.

To keep prices high, they have to restrict how many there are..... which they have the power to do. They can say "build 100,000" but then the planning takes ages, or is declined, or granted and the land sits there.