Tuesday, Jun 15, 2010
Why o why do we strive to see house price inflation?
Telegraph: CGT: house price recovery will end, estate agents say
Tell me, fellow HPCers - but I already know the answers (I think)
Posted by growler @ 10:45 AM (1843 views) Add Comment
17 Comments
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1. mark said...
because british people are generally lazy and it is easy to make money from a house or at least thats how the public perceive it, but they are too stupid to realise if their property goes up everyone elses goes up too
2. mrflibble said...
Spot on Mark. I can remember when I bought my first place, I too used to smile at hpi, but I soon realised the next rung up was getting further and further away. Unless you are emigrating, STR or staring at death the gains are useless, and in the later case the gains are only good for your children. Ironically if the gains we not so good then your children would not be sitting around waiting for you to die so they could buy a lousy house *lol*
Any gain above inflation should be taxed at 99% IMHO.
3. The Gwim Weaper said...
I just hate use of the word "recovery" is this context as it reinforces the notion that rising prices are a good thing.
Why can't they just say "House price *rises* will end..."?
4. Katalan1 said...
"More than 17,400 readers of The Daily Telegraph have signed a petition against the planned rise"
Maybe we should get a petition going on the No.10 Downing street website for lower house prices (or at least for the govt. to stop propping up house prices) and see how many sign up to that - more than 17,400 I would imagine!!
5. inbreda said...
kat - excellent idea. It might even get a hlf intelligent journalist asking some sensible questions
6. mark wadsworth said...
Kat, good idea, you volunteered, go and set it up and trail it here.
7. karlos said...
I would definitely sign it.
8. karlos said...
Recaptcha: "derision suffered"
9. Katalan1 said...
Unfortunately it doesn't appear possible at the moment! See below extract from No.10.
"With a new Government in place a review is taking place of online services, including e-petitions. We are committed to improving the e-petitions process and are looking at ways of ensuring that it functions as part of a cohesive approach to public debate and transparent government. A full announcement on how we plan to use these and other services across Government will be made as soon as this important work is completed.
Existing e-petitions, submitted to the previous administration, will not be carried forward to the new administration as part of this process. E-petitions that were live at the time of the election announcement on 6 April, when the e-petitions system was suspended, will therefore not be reopened for signatures. We will respond to e-petitions that had exceeded the 500 signature threshold as of 6 April 2010.
We will welcome resubmission on issues of concern to the improved e-petitions system when it is launched later in 2010."
10. Quicken said...
Kat - There is already a support petition here:
http://www.38degrees.org.uk/page/s/capitalgainstax
I just went and signed it.
11. rumble said...
Because people optimise their energy usage - they want to get more while doing less. Another way of achieving this is through government.
"for beer"
12. Juvenal said...
'17,500 against CGT rises?
That's 2.5% of the Telegraph's readers.
That makes 97.5% left, who want to see house prices come DOWN by any means.
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15. matt_the_hat said...
With a new Government in place a review is taking place of online services, including e-petitions. We are committed to improving the e-petitions process and are looking at ways of ensuring that it functions as part of a cohesive approach to public debate and transparent government. A full announcement on how we plan to use these and other services across Government will be made as soon as this important work is completed.
Existing e-petitions, submitted to the previous administration, will not be carried forward to the new administration as part of this process. E-petitions that were live at the time of the election announcement on 6 April, when the e-petitions system was suspended, will therefore not be reopened for signatures. We will respond to e-petitions that had exceeded the 500 signature threshold as of 6 April 2010.
We will welcome resubmission on issues of concern to the improved e-petitions system when it is launched later in 2010.
16. the number cruncher said...
Newspapers are but tools for fooling the masses into protecting the interests of the monopolists. Do you think the 17,000 supporters of the anti- CGT petition where spontaneous or helped to form their opinion and then voice it?
"crypt economist"
17. rumble said...
TNC, yep. Responds to #3.
"going queasier"