

TheEngineer
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About TheEngineer
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We bought our place in Berlin, Germany, for cultural reasons but German friends thought we were crazy for locking up a pile of money in property unnecessarily. That's why they often rent - because they don't have to buy to get adequate security of tenure and price. From our experience in Berlin rent controls work extremely well and can see no reason why the UK should not do the same here. The bonus is that the lightweight landlords sell-up leaving only those that can face the task of responsible rental in the business. Rents are set by the local town hall and maintenance appears to be policed.
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TheEngineer started following The Financial Crisis , Telegraph Rant Piece Against Rent Control , Financial Services Compensation Scheme - Io Mortgage and 4 others
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Comet's Demise Will Help Us, Dixons Says
TheEngineer replied to interestrateripoff's topic in House prices and the economy
Seb James addressing this - -
Property Loans Contribution To Gdp…
TheEngineer replied to jaspers's topic in House prices and the economy
Excellent summary - Are you Nick Abbot? -
Above, from your very good posting, but am curious. I can see land is a relatively easily detected indication of wealth (in the UK at least) but why not base income tax, as in any incoming cash streams, upon ALL amassed wealth. So ... If you have plenty already AND you're adding to it you pay most income tax. I'm uneasy of any taxation method that presents a cost out of an uncertain income - Or is LVT proposed to alter income tax level only?
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Heard on the radio just now that IDS is looking to cut 10 billion of the welfare budget. Isn't rent control the obvious way to go? The topic seems to be casually dismissed and never discussed on the MSM despite its stable implementation around the EU He'd best hurry as if folk start to retire (if ever) still in rented pads he's going to get a nasty surprise.
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I watched a BBC Spotlight (Northern Ireland) last year where an EA said that their only sales where to cash buyers - I can understand - The banks hardly need to be directed toward prudent lending since their previous risk-reduction mechanism, predictably, blew-up in their faces. As Michael Lewis wrote in his recent book, The Big Short, however did banks delude themselves that anything else could happen? So with responsible lending reinstated, a future generation deftly burdened with student loans, gov support to help banks' forbearance and through a period of deflating collateral, it is just a matter of time before the dam breaks. The forces behind it are, inter alia, margin calls? bankruptcy, divorce, illness, job loss, death.
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Osborne 'to Rule Out Mansion Tax'
TheEngineer replied to bankfeeder's topic in House prices and the economy
Blast! Where's the EDIT link gone. As far as Shapp's Granny being forced out. Well using the my suggestion above she'd be safe since her low in come would be under the tax theshold, despite her mansion wealth. However, if she couln't afford to RUN the place on her pension she really would not any business remaining in such a house. -
Osborne 'to Rule Out Mansion Tax'
TheEngineer replied to bankfeeder's topic in House prices and the economy
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Brilliant! That's going into my book of quotes.
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Definition And Implications Of Imputed Rent
TheEngineer replied to bmf's topic in House prices and the economy
Aside of GDP has an alternative measure ever been seriously considered? I often wonder, maybe someone could set me straight, whether GDP takes into account the *cost* to society of its constituents? Would super profitable CasinoGablingHouse plc or LoanShark plc contribute, or suck, from GDP ? -
Lots of MSM talk of country-wide price falls. I'm not yet seeing any departure from 2007 prices in Bristol. Anyone?