Right to buy tenant plan to cost LLs £50 Billion

mayonnaise

chucknorris wrote: »

Here is the link to one of my 35% to 40% quotes:
https://forums.moneysavingexpert.com/discussion/comment/20036927#Comment_20036927 7

Devon bloke's comments in that thread are priceless.

Graham_Devon wrote:

With respect to your prediction, I just cannot see the bottom being just 6 months away.

Graham_Devon wrote:

Went past an estate agents today and it had "NOW is the BEST time to BUY" in the window.

Theres optimism, and theres downright lies to try and make a buck.

Turns out, it WAS the bottom and it WAS the best time to buy. :rotfl:

RealElement47

mayonnaise wrote: »

Devon bloke's comments in that thread are priceless.



Turns out, it WAS the bottom and it WAS the best time to buy. :rotfl:

IT may have been the bottom of that correction, the question is when will be the bottom of the next correction to property prices?

RealElement47

MobileSaver wrote: »

I'm afraid that was exactly what Labour originally proposed to do; they were going to withdraw a tax allowance from landlords and use that to cover the discount so that landlords still got the full amount.

Unfortunately for Corbyn, the Conservatives got there first and have already reduced the tax allowances so the original plan simply won't work any more. Of course Labour have gone very quiet now on an alternative method of funding the discount.

Labour are going to reduce the tax allowances even more on any property investments, to the point where the huge taxes on any property investments will make it hardly worth it, this is why property investors are flocking out now while prices are still high.

MobileSaver

Crashy_Time wrote: »

It's actually quite easy when you look at how transactions are falling.

RealElement47 wrote: »

property investors are flocking out now while prices are still high.

You and Crashy seem to be contradicting each other; investors cannot be "flocking out" if "transactions are falling"... :rotfl:

The-Joker

MobileSaver wrote: »

You and Crashy seem to be contradicting each other; investors cannot be "flocking out" if "transactions are falling"... :rotfl:

Transactions falling is bearish for property

There are many properties for sale but won’t shift until they lower the prices significantly

MobileSaver

The-Joker wrote: »

There are many properties for sale but won’t shift until they lower the prices significantly

Your problem is that they are shifting! :rotfl:

Transactions are still around 100,000 every single month and it's been that way for years now. You and Crashy can keep coming up with your ludicrous anecdotals and bizarre conjectures but the simple fact is that over one million properties are bought and sold every single year.

HMRC Property Transactions October 2019

The-Joker

MobileSaver wrote: »

Your problem is that they are shifting! :rotfl:

Transactions are still around 100,000 every single month and it's been that way for years now. You and Crashy can keep coming up with your ludicrous anecdotals and bizarre conjectures but the simple fact is that over one million properties are bought and sold every single year.

HMRC Property Transactions October 2019

You make our point well, property owners are !!!!!!!! themselves and want out before the correction comes

MobileSaver

The-Joker wrote: »

You make our point well, property owners are !!!!!!!! themselves and want out before the correction comes

Your user name is very apt; to come to that conclusion when monthly transaction levels have been stable for years is beyond comical. :rotfl:

The-Joker

MobileSaver wrote: »

Your user name is very apt; to come to that conclusion when monthly transaction levels have been stable for years is beyond comical. :rotfl:

You can’t have it both ways, you keep contradicting yourself:rotfl:

MobileSaver

The-Joker wrote: »

You can’t have it both ways, you keep contradicting yourself

I have no idea what you are talking about and I suspect many on this forum are thinking the same.