Tuesday, Jun 26, 2007

BuyToLetCrash.com

Guardian: Brown can't talk like he does and ignore this debauchery

"For those with nothing, Brown promises affordable housing. So help everyone who wants to become an owner, middle-class first-time buyers and social tenants alike: a home is a bank for credit, help for children. Ownership bestows respect and independence. End buy-to-let mortgage tax breaks to burst the bubble"

Posted by confused76 @ 10:19 AM (200 views) Add Comment

7 Comments

1. Stoatgobbler said...

Great. Pensions will become worthless, plus taxed to death and the rich will head back to Switzerland. Genius idea.

Tuesday, June 26, 2007 10:29AM Report Comment
 

2. dohousescrashinthewoods said...

Spotted this on "http://www.oftwominds.com/blog.html"

Search for:
"How the Housing Bubble/Credit Bubble Will Pop"

Tuesday, June 26, 2007 10:30AM Report Comment
 

3. sovietuk said...

"Guardian: Brown can't talk like he does and ignore this debauchery"

Oh yes he can and he will, the fictitious wealth in house prices is the cornerstone of Labour economic "feel good factor" policy. Houseprice crash, negative equity, high interest rates and Brown is Toast.

Tuesday, June 26, 2007 10:31AM Report Comment
 

4. confused76 said...

http://www.prlog.org/10021867-plan-for-positive-cashflow-or-face-repossession.html

Public Angel’s Nilesh Gohil said: “It angers me to listen to so called property gurus preaching to new investors that being out of pocket every month is a good solution to cashing in on long term capital gains in the future.

“Every savvy property investor should know that, in general, property investors should plan for a positive cashflow and not rely on capital gains. Any capital gains achieved should be considered as a bonus.”

Nilesh added: “Poor cashflow management by new investors will increase the number of properties going into repossession. Great news for savvy property investors.

“I urge investors to get the right financial advice and ensure the figures stack up. I always run my figures past my mortgage advisor and accountant to ensure I am making the right choice in my property investment”.

Tuesday, June 26, 2007 10:42AM Report Comment
 

5. talking rot said...

A brave politician would reduce indirect taxation which adversely affects the poor and introduce asset taxation, perhaps along the lines of Churchill's Land Tax. Sadly, politicians are not brave.

Tuesday, June 26, 2007 11:21AM Report Comment
 

6. george monsoon said...

Fantastic

The true image of GORDON BROWN - Click here

Tuesday, June 26, 2007 03:36PM Report Comment
 

7. Cstanhope707 said...

And while we are at it Polly how about eliminating the outrageously low 15% tax rate for useless Jobworths in the EU.
Thats right Boys and Girls work in the EU earn £100, £200k whatever and only pay 15% tax nice "NON" work if you can get it.

Tuesday, June 26, 2007 06:47PM Report Comment
 

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