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2nd home council tax
Comments
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What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..0 -
This would make a good A Level Economics question? But as this thread is about CT I fail to see the relevanceReadySteadyPop said:
What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales1 -
Dunno, but all of his posts on this thread have now disappeared ...?!Bookworm105 said:
since when has any post from crashy had a point?0 -
The relevance is that borrowing rates affect second home ownership numbers.lincroft1710 said:
This would make a good A Level Economics question? But as this thread is about CT I fail to see the relevanceReadySteadyPop said:
What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..0 -
no they have not, it appears you do not appreciate who crashy (currently) isYorkie1 said:
Dunno, but all of his posts on this thread have now disappeared ...?!Bookworm105 said:
since when has any post from crashy had a point?3 -
Borrowing rates also affect first home ownership, but your comparison is still irrelevantReadySteadyPop said:
The relevance is that borrowing rates affect second home ownership numbers.lincroft1710 said:
This would make a good A Level Economics question? But as this thread is about CT I fail to see the relevanceReadySteadyPop said:
What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
Which posts are from Crashy ?0
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.."It's everybody's fault but mine...."0
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Whilst as always, you've taken this completely off topic, there are huge differences.ReadySteadyPop said:
What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..
In 1979, we were coming out of some huge crises - the oil ones, winter of discontent and most importantly horrendous tax rates (85% anyone? And no tax-free amount).
The economy was in a completely different place.
I'm not saying it couldn't change, but it took 8 years to get to the highs and lows of 1979.0 -
And very few ordinary people would have had second homes, and most people would have had near zero debt, that is an important one, they were less leveraged and financially exposed than people today, see second home tax grab for example.newsgroupmonkey_ said:
Whilst as always, you've taken this completely off topic, there are huge differences.ReadySteadyPop said:
What would you say is the main difference between today`s economy and the economy of 1979?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..
In 1979, we were coming out of some huge crises - the oil ones, winter of discontent and most importantly horrendous tax rates (85% anyone? And no tax-free amount).
The economy was in a completely different place.
I'm not saying it couldn't change, but it took 8 years to get to the highs and lows of 1979.0
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