Monday, Nov 24, 2008
The housing market is beyond help
Times: Is it time for the return of Miras?
It was abolished in April 2000 by Gordon Brown, who regarded it as a middle-class perk. Stuart Law, of Assetz, the investment business, is among those who argue that Darling should also give the rich a tax break
Posted by confused76 @ 10:32 PM (724 views) Add Comment
10 Comments
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1. drewster said...
You have got to be f**king kidding...
2. planning4acrash said...
Coz I can't post it on the main page: Cost of Bankster Bait and Switch Now $7.4 Trillion
3. planning4acrash said...
Of course the rich should get a tax break, but the middle class aint the rich. Its the Oligarch's who get the real tax breaks, like, they pay no tax. We all need tax breaks, particularly the productive middle classes, but definitely also the working classes.
Don't get sucked in by the class war nonsense. This is us vs the establishment, and the establishment aint the chaps earning £100k, its the folk who actually run the fraud show who are the real target. This whole collapse was engineered to destroy the middle class, as it always is, to keep them from overtaking the real establishment. The middle class could have done it tho, if only they'd foreseen this, avoided debt and bought enough gold.
4. drewster said...
p4ac, the $7.4trn figure was posted on here earlier:
Bloomberg: U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
HousePriceCrash.co.uk: Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
5. jack c said...
Is it time for the return of Miras? - oddly enough this might not have the effect many would think because to claim the relief it would entail a claim form that would be sent to HMRC - a good way for the Revenue to cross refer stated earnings on a mortgage application (including Self Cert) with actual earnings as agreed by HMRC - think about it !
6. drewster said...
Incidentally, is it just me or is Bloomberg getting a lot more critical of the government's actions? Previously Bloomberg was just a dry news feed like Reuters or AP, but lately it has taken a more critical angle. I think this is a positive development for the normally supine, unquestioning US media. Of course it could be to do with Bloomberg's lawsuit against the Federal Reserve, forcing it to reveal to whom it has lent money.
7. planning4acrash said...
It was inevitable that people who thought they were part of the establishment wake up at this stage once they understand they have been lied to and the establishment's attention moves from them to other priorities. Lets hope that's the case.
8. paul said...
"amid the increasing pressure for its re-introduction in next Monday's Pre-Budget Report"
Increasing pressure? From Anne Ashworth's lonely voice in the wilderness?
9. drewster said...
Just noticed the article is dated last Friday - so no, she didn't get her wish!
10. Micthemike said...
the answer is pretty simple take away the tax breaks from the btl parasites which have totally corrupted the market for ftb, return housing to the cpi and yes you would see some regulation of the housing market, maybe this is all too simple for the genuises that run the country/