Could deflation wreak havoc in the housing market?

Telegraph: Could deflation wreak havoc in the housing market?

If deflation goes on for a fraction too long it could unravel UK house prices...

Posted by cornishman @ 12:38 PM 15 Comments

Tuesday, Mar 24, 2015

If it's your pension, why is spending it out of the question?

Moneyweek: Getting lucky in the property market is not ‘providing for a long retirement’

Art critic Brian Sewell writes about this fear of a mansion tax. His house is his pension! Well in that case the mansion tax is no threat because a pension is an income and to turn a house into that you sell it. Tw#t

Posted by mombers @ 01:16 PM 0 Comments

Friday, Mar 20, 2015

Pure rent seeking...

Torygraph: Mapped: Where England’s best schools are pushing up house prices

I'm in the wrong game, working for a living instead of collecting an entrance fee for a school that I don't own

Posted by mombers @ 05:01 PM 0 Comments

Renting your way to poverty: welcome to the future of housing

The Telegraph: Renting your way to poverty: welcome to the future of housing

The housing crisis is already out of control, and no one in politics wants to help

Posted by becky @ 01:37 PM 3 Comments

A Dubious Policy

Telegraph: Help-to-buy ISA could distort housing market

"The Treasury estimated that around 285,000 first-time buyers will use the scheme every year." Yet February saw barely 19,000 FTBs, and prices are dropping. These ever-more-convoluted Treasury tweaks are just a sign of the growing govt desperation, as they know just how bad the market really is. When the government has to resort to giving people free money to get 'on the ladder', you know the top is in.

Posted by debtserf @ 11:02 AM 4 Comments

More Government-subsidised Ponzinomics

Guardian: Britain’s obsession with ownership has turned housing into a pyramid scheme

But what if all we’re really doing – by accepting crazed property prices as the norm, to be alleviated only by the fiscal equivalent of chucking tenners into a crowd – is sucking first-time buyers into a sort of national Ponzi scheme? What if we’re luring them in at what would otherwise have been the peak, just to keep the boom rolling a little bit longer, and leaving them horribly exposed to negative equity if another crash comes?

Posted by debtserf @ 08:34 AM 9 Comments

Wednesday, Mar 18, 2015

Property bubble finally bursting?

Home.co.uk: Central london property bubble burst

Boom Began in london so will the crash?....foxtons also laying off workers...this one will be a big one I'm with little the government can do

Posted by taffee @ 12:01 PM 10 Comments

Tuesday, Mar 17, 2015

Merryn Somerset Webb takes this apart quite nicely

Moneyweek: Cutting inheritance tax on homes is nuts – it’s just going to make the housing crisis worse

The crap coming out of the Tories really beggars belief...

Posted by mombers @ 05:36 PM 4 Comments

Why don't they just take away the artificial props on housing and fewer people will have £1m+ homes?

Graniard: Budget 2015: Tories’ £1m inheritance tax break aimed at wealthier households

Cognitive dissonance... It's a bad thing to aspire to own a nice house - large and rising stamp duty penalty. But existing owners are gifted council tax freezes and now the opportunity to pass their unearned gains. To their credit, the coalition introduced ATED so that offshore owned houses could no longer avoid IHT and CGT, but now they are going to exempt ones that are not enveloped offshore????

Posted by mombers @ 01:47 PM 0 Comments

Monday, Mar 16, 2015

More reason not to buy to let

Croydon guardian: Council presses ahead with landlord licence

Btl is effective actively propped up by lunatic economic policies which are unsustainable. The sweet spot won't last as schemes.like this show....btl is at risk from falling prices Interest rates rising..taxation...tenants gaps...list is endless

Posted by taffee @ 08:05 AM 5 Comments

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