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House Price Crash Forum

Habitationi Bulla

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Everything posted by Habitationi Bulla

  1. You need new batteries for you debt clock. Almost £1.9 Trillion. http://www.nationaldebtclock.co.uk/
  2. Have you seen how much the govt are raking in with SDLT? Theyre desperately in need of money, i just cant see anything changing to appease a few hundred thousand boomers in London and the Home Counties.
  3. OK lets say for the sake of argument im a 65 year old boomer who bought a 4 bed house for 100k in 1995, its now worth 500k. Why would i want to sell and pay CGT tax, when i can just live in it and pay nothing. Or why is CGT bill going to be so much wonderfully better than a Stamp Duty bill?
  4. There is no CG tax for the govt if they dont sell I just cant see how charging people more in CG tax is a solution to people supposedly not moving because they dont want to pay stamp duty.
  5. Look i agree its not the best tax, but council tax is arguably worse for the plebs than the Poll Tax which the plebs kicked off about. For me its the way its being reported, about poor boomers with mad gainz who cant afford to downsize, as if they're poor innocent victims in the housing disaster. Besides if this govt changes anything itll hit those who don't own houses and those who havent been gifted mad gainz in the last 2 decades ... imho.
  6. 2 more articles about why stamp futy is inhumane and destorying boomers lives http://www.telegraph.co.uk/personal-banking/mortgages/stamp-duty-drives-surge-old-age-borrowing-retirees-cant-downsize/ This one about the inhumanity of house hoarder having to pay more stamp duty http://www.telegraph.co.uk/personal-banking/mortgages/sell-business-pay-extra-stamp-duty-choice-facing-entrepreneurs/
  7. I'll give her some credit where its due, she does seem to have most the pieces of the puzzle but she just cn't seem to put them all together. Seems her other half isn't even aware theres a puzzle.
  8. Thats the entire point, at least Labour left their bubble to the so called free market. The Tory party even stated in 2010 you cant base an economy on debt and high house prices, then done just that but with taxpayers money backing it. This has had a huge impact on my and my childs life, i hate this so called Tory party with a passion, they are truly evil. The world would be a better place if they ceased to exist.
  9. Or it could be this one, they are of a similar age to Veruca Salt (great name)
  10. This theory seems to be reliant on this, but for the sake of argument if we get a Corbyn govt and they come in and spray helicopter money everywhere it turns this theory on its head. And a Corbyn led coalition is a distinct possibility in the next couple of years
  11. Torys will never bring in a LVT they are the landowners party. Possible CGT as mentioned but ive no idea how itd work. If they want to get the property market moving, they need to bring in S24 by April 2018 and for basic taxpayers. Its 2-3 million properties owned by landlords who refuse to sell that is holding up the market.
  12. Wonder if these jobs have totally gone or is it a case of other companies getting the contracts. From my point O&G work was booming a couple of months ago, phone was ringing off the hook thought it was going to be back to the good old days .... now its utterly dead, nothing at all ..., apart from being offered 25 pound an hour to go to Holland but have to pay for my own digs/flights ... few year ago it was 55 euro an hour and theyd pay for me to fly back at weekends! I just need 2 more rotations and thats me done with offshore (im one of the tight cnts who saved in the good times), think i might struggle to get that before the tax years out.
  13. And we've even got a "Telegraphs View" article on why it should be scrapped. http://www.telegraph.co.uk/opinion/2017/08/08/stamp-duty-tax-mobility-aspiration-should-cut-substantially/ Replace it with a LVT and force the DT boomer parasites to downsize once the bubbles burst. These people really don't want to pay any tax at all towards the nations existence, too used to getting everything gifted to them. Thing is this only affects a few very wealthy boomers in the south of England, most do not care about SDLT.
  14. Where did i say RBS was bailed out by the private sector? Labour were in power and they went for QE/ZIRP hence it was their fault and no ones elses, your view about if the Tory party could have got away with it is nonsense ... as a few years later they did get away with it .. they even got away with a sprinkle more last week. Where i was looking to buy which in the run up to 2013 was Oxford and Dorest prices were definitely falling or stagnating between the years 08 and early 2013 .. then they went f'en mental once HTB/FFL were introduced, so i can hardly blame Borwn or Corbyn for that. And private debt was most certainly falling ... now they've got it growing at circa 12% PA .. and it would seem HTB isnt accounted for in private sector debt ... clever that. I blame Brown/Blair for their bubble, this one is solely the fault of the Tory party. with a little help from the Libs.
  15. http://www.telegraph.co.uk/news/2017/08/08/stamp-duty-exacerbating-housing-crisis-stopping-elderly-moving/ Despite the fact that SDLT is now cheaper for most people due to changes under Osbrown it needs overhauling as its stopping boomers moving. SO the fact they've been gifted tens of thousands sometime millions the reason they won't move is because they've got to pay less stamp duty than what they did a few years ago. I've a feeling Hammond will do something on this to assist boomers downsizing, to say sorry for even suggesting they pay towards their end of life care.. call it a hunch
  16. Only problem with that article is its based on the premise Carney said he is going to raise rates, and no one believes it.
  17. Or they can get so much cheap money they over pay thus creating a bubble in their area and price out viable companies who will now have to pay higher mortgage/rent.
  18. Yes i 100% blame the Tory party for this.Whilst id have preferred an outright crash in 2007/8/9, the debt/housing bubble was slowly deflating up until 2013 when the Tory party and the BoE decided to recreate Brown/Blairs bubble but this time with taxpayers money (HTB) and gifting money to the banks and mortgage holders which came directly from savers (FFL). Hopefully at the next election theyll be out of office for a very long time for such treachery.
  19. 18mln is chicken feed, i see your £18mln and raise it to £125mln that Bournemouth council have somehow managed to get a hold of. http://www.bournemouthecho.co.uk/news/15428327.Council_plans_to_invest___125m_in_commercial_property__but_can___t_say_yet_what_it_will_be_/ I like this quote the best "Bournemouth says a £100m investment in commercial property will typically yield £1.5m of income a year" A 1.5% yield! This is the council who tried to become a bank offering mortgages the other year and lost a fortune.
  20. They must have known before it was an insane debt bubble, house prices were going up 10-25% a year for years. I was a builder in 2003 and i knew it was a fkn insane debt bubble, so how come the so called best and the brightest economists in the country didn't.
  21. It was this house, looks as if no one is living there on the basis there are no curtains, i could have got it for 140ish prior to the auction but the builders said it could cost 100k or more to fix. This was before prices went insane .. late 2013/ early 2014 time. Edit- I do like the telegraph pole in the front garden, its a classy feature, kind of like twigs but bigger.
  22. If property prices crashed, ive no doubt people could and would save more into a pension. Quite clearly this is not possible with the insane cost of housing. Everyone inpower knows this but they d sweet FA about it, apart from making sure this generation of boomers can cash in the house to live off as well as winning the pensions lottery.
  23. Thatll be the same Mervyn King who failed to recognise a debt bubble that'd potentially ruin the financial system but needed bailing out by the taxpayer and future generations ... the same Mervyn King who dropped interest rates in 2003 when house prices were rising by 25% PA. The same Mervyn King who then printed money and dropped interest rates to 0.5%? Yes he was triffic.
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