Corbyn has launched an assault on the property market including banning Right to Rent checks,

The-Joker

Corbyn has launched an assault on the property market including banning Right to Rent checks, greater tenant rights and a huge council building programme.


Along with Boris 30% discount on new builds

Both parties have launched an assault on the property market

Thrugelmir

As has been said many times before. Governments don't build houses. Where are the materials going to come from let alone the labour trades.

The-Joker

Thrugelmir wrote: »

As has been said many times before. Governments don't build houses. Where are the materials going to come from let alone the labour trades.

As has been said many times governments can create units of currency out of thin air and build infrastructure

There is no limit to how much currency they can create out of thin air

Look how much is created to bail out the banks

Why not create billions to bail out the people and do the country some practical good

SpiderLegs

The-Joker wrote: »

Look how much is created to bail out the banks

Why not create billions to bail out the people and do the country some practical good

Perhaps look at the economic consequences of the first statement for a clue to the answer to the second one.

Arklight

The-Joker wrote: »

As has been said many times governments can create units of currency out of thin air and build infrastructure

There is no limit to how much currency they can create out of thin air

Look how much is created to bail out the banks

Why not create billions to bail out the people and do the country some practical good

Because billionaires invest a lot of their money and influence in propaganda telling people that the only safe place for billions of pounds resides in the pockets of billionaires.

A national house building programme would be an excellent stimulus to the economy creating a state asset that would only appreciate over time, alleviate homelessness, and provide people with extra disposable income to put into the real economy.

parking_question_chap

What does "assault on the property market" even mean?

John_Smith_2019

Arklight wrote: »

Because billionaires invest a lot of their money and influence in propaganda telling people that the only safe place for billions of pounds resides in the pockets of billionaires.

A national house building programme would be an excellent stimulus to the economy creating a state asset that would only appreciate over time, alleviate homelessness, and provide people with extra disposable income to put into the real economy.

How do you know these houses would increase in value over time?
And increase relative to what? Fiat currency? Gold? Farmland?
The houses could provide income from rents, but they would also need to be maintained.
Plenty of houses, flats and shops are being demolished in the UK because their rental demand does not cover maintenance costs.

The-Joker

Arklight wrote: »

A national house building programme would be an excellent stimulus to the economy creating a state asset that would only appreciate over time, alleviate homelessness, and provide people with extra disposable income to put into the real economy.

Absolutely but the perma prop bulls don’t like the sound of the inevitable correction in house prices that ha to happen first

The-Joker

John_Smith_2019 wrote: »

How do you know these houses would increase in value over time?
And increase relative to what? Fiat currency? Gold? Farmland?
The houses could provide income from rents, but they would also need to be maintained.
Plenty of houses, flats and shops are being demolished in the UK because their rental demand does not cover maintenance costs.

The cost of demolition isn’t wort it

Where are all these properties you speak of getting demolished?

If the owner can’t afford to maintain it enough to rent it then they can’t afford the high council tax on empty property so they get repossessed and the property gets sold cheap at auction to somebody who can afford maintenance

John_Smith_2019

The-Joker wrote: »

The cost of demolition isn’t wort it

Where are all these properties you speak of getting demolished?

If the owner can’t afford to maintain it enough to rent it then they can’t afford the high council tax on empty property so they get repossessed and the property gets sold cheap at auction to somebody who can afford maintenance

Lots of places, north of England, Scotland, South Wales.
Are you based in SE England?

You seem convinced that the UK is going to have a property price crash, but in fact there is no such thing as a ''UK property market''.

In real terms, property in many parts of the UK is cheap.

Cakeguts

It is the usual problem of people who live in the South East who have no idea about property anywhere but the South East trying to make the whole of the UK like the South East. I just wish they wouldn't do this because actually they don't know enough about the rest of the UK to generalise like this. Corbyn lives in London. He has no concept of what it is like to live now outside of the M25 but he is trying to come up with policies that affect people who live in the rest of the country. Basically his main problem is that he is now too old to be able to move and live somewhere else to be able to learn how to do his job properly. It is high time he retired.