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Guardian: Vindication on rents not being driven by costs

1 mois 3 semaines ago

"Warnings by landlords that taxes on buy-to-let would cripple the property market, driving down supply and pushing up rents, have turned out to be entirely hollow, according to research by campaign group Generation Rent." So satisfying to be proved right. Although of course the long threatened rent rises are always around the corner though! Hopefully this evidence will be noticed by TBTP and recurring taxes on property (second best to land only) can be considered as first choice for rasing much needed revenue

mombers

Torygraph: Mark Carney accused of spreading 'gloom' with no-deal Brexit prediction of 35pc house price crash

2 mois 3 semaines ago

Carney would prefer to throw the housing market to the wolves instead of raising interest rates. Clearly, if the central bank itself, which has effectively set housing prices and the cost of credit, starts talking about a dramatic crash then nobody will pay. Nobody will take out a mortgage, and Carney will achieved through fear what he refuses to do from market pricing.

stillthinking

Daily Mail: Help to Buy has left us trapped

3 mois ago

A couple of weeks ago a colleague was discussing Help to Buy with me and I commented that it sounds to be no different from the Shared Equity schemes builders offered in the late 1980s, which ended up badly when prices stopped going up year after year.

tenyearstogetmymoneyback

Office of National Statistics: Index of Private Housing Rental Prices, Great Britain: July 2018

3 mois ago

Not sure what the Enfield statistic is though :-) Interestingly, the most highly leveraged landlords - those in London - are clearly not doing a good job at passing on their tax costs to tenants. The business model of a lot of London landlords is making no money or a loss on rent, but hitting the jackpot with a big capital gain. Let's see how this pans out if prices keep falling

mombers

Torygraph: Time may be up for the penny coin, says Bank of England

3 mois 2 semaines ago

You can tell the worthless coins because they are the ones that stay on the floor. 2p, 5p. 10p (depending), 20ps still get picked up by adults. I suppose kids pick them all up. The BoE, clearly an insightful body, must have decided that the populace actually walking around on discarded coins of the realm might be a bit dispiriting to savers.

stillthinking
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