PropertyMania

Proof, if it was ever needed, that house prices are not about the population density of a country

You know how this will work: govt introduces to the UK just as house prices are falling so BofE has to prop up the bubble. When prices start rising again, a new government will scrap the policy.

I think we're getting carried away with how bulllish this budget will be for hpi. The stamp duty cut is definitely going in october so any gain it brought will be 100% reversed, and look at this important tweet on the 95% mortgages scam

Inbred Telegraph reporter Chris Hope..

unless they scrap the main residency CGT exemption, such a change would be inflationary for house prices as there would be even more incentive to invest wealth in empty bedrooms

yeah, seriously. I love the directness on HPC ans don't want to see it turning into woke 'but you can't judge' crap

Lol. maybe the government should launch subsidised boob jobs in the form of 'help to grow'. hope not too many snags tho

Would love to know the stats. The sensible thing would be to rent first and try it out, but so many see renting as a sign of failure and will have jumped in and bought. Imagine going through all that wasted time and expense and then having to do it all again in reverse.

Musk tweeted the other day that Starlink will be no match for cellular, it's really meant for complete mobile dead zones.

I think part of the reason build to rent never took off in the past has been the massive oversupply of amateur/semi professional landlords who could outcompete the funds basically through tax evasion and avoidance. Do a lot of the work yourself, pay builders in cash, flip stated main property, not declare income etc etc

Interesting quote from a Zoopla dude in the Telegraph today https://www.telegraph.co.uk/property/house-prices/house-price-bubble-burst/?WT.mc_id=e_DM1338611&WT.tsrc=email&etype=Edi_Edi_New_Reg&utmsource=email&utm_medium=Edi_Edi_New_Reg20210218&utm_campaign=DM1338611

agree it's a bad tax but there's no real alternative. fairest would be capital gains tax applying to main home, but that' wont happen. Next best is a land value tax (or just gernal value tax), but then you get screams of harm to the poor old pensioner who 'through no fault of her own' is living alone in a five bedroom mansion in notting hill.

Nope

Yep, it's a disgrace. Any other investment, you take a risk. Guess taxpayer is footing the remaining 1.5 billion?

*referring to the minimum income requirement. obvs the cutting of in-work benefits is good