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About yadayada

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  1. First Time buyer - Questions

    ...because you've failed to understand the concept of a tax break and a subsidy being the same thing with a rates cap. Close to here is a 5000 square foot mansion. Down the road from it is an 1800 sq foot 1970s bungalow. Thanks to the cap, the two owners pay the same amount. Someone is getting an easy ride. Which one?
  2. First Time buyer - Questions

    One man's tax break is another man's excessive tax. Is that simple enough?
  3. First Time buyer - Questions

    How did such a tax break ever make it to the statute books without any real protest? What sort of government have we? It's scandalous.
  4. First Time buyer - Questions

    It's a wealth tax, and as is often said, one that can't be evaded since mansions cannot be smuggled out to the Cayman Islands or similar. Youre in favour of a cap on income tax?
  5. First Time buyer - Questions

    Social welfare for rich people. A shamefully regressive form of taxation where the poor subsidise the rich. Perhaps direct rule will correct this anomaly. Or maybe income tax will be capped, because we can't have the high earners paying more for those same services as everyone else?

    Is the implication here not a tax liability on sale of appreciated asset? Of course if he never sells it, it'll never be subject to capital gains tax.

    It depends on how you define "a few years". Would 1996 be about right?

    Unless he goes on ahead and builds a house on it, and lives in it for three years, yes. An appreciation like that seems a bit hard to believe. What happened?
  9. Buy or ( wait ) Rent ?

    It's a bubble waiting to be underpinned.
  10. Buy or ( wait ) Rent ?

    I suspect he means someone on the dole.
  11. Buy or ( wait ) Rent ?

    Sounds like he's already achieved a certain level of financial success. He's probably making a reasonable income before he gets out of bed.
  12. Buy or ( wait ) Rent ?

    That's the median. What's the average?
  13. Buy or ( wait ) Rent ?

    Don't forget those on below average incomes will in many cases never be in the housing market. Therefore the average house ought to be somewhat cheaper than those bought by the average owner occupier.
  14. Buy or ( wait ) Rent ?

    What do you reckon your percentage gain to be in those 4 years?