Why we need property taxes

Torygraph: Take a look inside the 'forgotten' £3m mansion in London's East End

"This is the incredible staircase of a £3m '"forgotten" Georgian mansion which has gone on the market in the heart of London's East End. Built between July 1741 and October 1742, the spooky four-storey Malplaquet House has not been lived in since 1895 but has been restored by its current owners." On top of it, squatting has been criminalised now. This could have provided housing for lots of people for 120 years and the owner would still have made out like a bandit even if they burnt it to the ground.

Posted by mombers @ 02:28 PM 0 Comments

Wednesday, May 25, 2016

Game Over

Guardian: Property market is going to implode as housing nears peak affordability

Property prices in Britain may be surging due to a horrendous imbalance of supply and demand — but the market is poised to implode. Why? Because Britons are not earning enough money to either get on the housing ladder or are spending such a large portion of their wages on mortgages that may not be sustainable.

Posted by debtserf @ 09:03 PM 6 Comments

Sunday, May 22, 2016

"This is the most important voting decision any of us will make in our lifetime"

Youtube: BREXIT The Movie

In this film, we see beyond facile arguments about house prices towards the real issues behind BREXIT. You can see very fast that regardless of the propaganda, BREXIT in the long run will result in more democracy, prosperity and resolution of issues such as the housing crisis.

Posted by libertas @ 02:40 PM 19 Comments

Saturday, May 21, 2016

Desperate times call for desperate measures

The Guardian: House prices face 18% hit if Britain quits EU, says George Osborne

Ok I can believe that World War 3 will break out if we leave the EU but this latest prediction really takes the biscuit

Posted by cyril @ 08:37 AM 9 Comments

Friday, May 20, 2016

Underlying weakness in British economy may necessitate ‘additional monetary stimulus’,

Guardian: Bank of England may need to cut interest rates even if UK stays in EU

Its not BREXIT, its a global deflationary slump, stupid. Of course, BREXIT would help encourage wage inflation and help lift the UK economy from its present malaise, but the globalists in charge will not tell you that, because it does not support their corporatist objectives..

Posted by libertas @ 04:38 AM 4 Comments

Thursday, May 19, 2016

Peter Schiff - Buying a house as an investment

Youtube: Peter Schiff - Buying a house as an investment

Peter learns from a real estate "expert" how to pay more for less !

Posted by jack c @ 02:02 PM 2 Comments

Funniest Brexit article I've seen yet

Guardian: Rents and property values would drop after Brexit, say landlords

But David Cox, the head of Arla, said tenants should not get too excited about rent falls, as buy-to-let landlords may quit the market en masse following a vote in favour of Brexit. "The fact that rent costs would face downward pressure is both a blessing and a curse. While renters should face fair and reasonable prices, landlords need to be able to at least break even on any outgoings they have, such as a mortgage. If demand eases to such an extent that landlords cannot recuperate costs, we'll likely see a mass exit from the market, which would then just have the opposite effect on demand as supply falls – and we'd be back to square one." -- How could we possibly get by without all those landlords to help?

Posted by quiet guy @ 12:47 AM 9 Comments

Wednesday, May 18, 2016

Pie + Sky

Mail: How much will your house be worth in 2030? Map reveals house price projections across Britain

The average value of a home in England is expected to reach £457,433 Typical prices to rise to £307,712 in Wales and £297,222 in Scotland The highest average expected to be in London, reaching £1m

Posted by hpwatcher @ 07:51 AM 11 Comments

Tuesday, May 17, 2016

Future plans of Londoners

Independent: Two-thirds of Londoners want to quit the capital:the East and South-East regions top the list for city dwellers in search of a better quality of life

More and more Londoners are moving to the countryside, with 66,000 households leaving the city last year - the highest number since 2007. 1/3 of people actually want to stay in London.......

Posted by tom101 @ 05:17 PM 0 Comments

The BTL disease spreading quickly into Europe

Telegraph: Mapped: European countries with the best buy-to-let income

Investors might be looking to increase their buy-to-let yields by searching for property outside London, but new research suggests the hunt should go well beyond British borders.

Posted by tom101 @ 10:34 AM 1 Comments

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