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House Price Crash Forum


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About BalancedBear

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  1. I cannot really find much to fault with what you say, except to say, with your opinions, why on earth are you a Corbyn supporter?! It makes little sense. From what I can see Corbyn wants much more socialism
  2. Is that really so? The child poverty figure suggests that children in this country with non-eu immigrant parents are disproportionately living in what is considered poverty. I disagree with the definition, but nonetheless it would suggest that they are not necessarily better educated. If they are doing minimum wage jobs they cost the same amount as any other person doing a minimum wage job.
  3. Absolutely, and something which keeps being ignored. We have had around 300,000 people arriving here officially each year for over a decade, and large numbers since around the year 2000. We have probably had a population increase of 5 million plus since the year 2000. This equates to the equivalent of around 10 new cities the size of Bristol. This amounts to more people than the Republic of Ireland or Scotland. If we suddenly removed 5 million people from the housing market, I am quite sure it would have an impact on the price of housing. Therefore it must be a big factor.
  4. It does not matter who is paying, but if hosing is being used and money is changing hands for it, then it is helping to drive demand.
  5. The maximum increase of rent in any one year is not really that extreme a control. I would guess that only a small proportion of landlords increase their rent by much each year in this country anyway. The type of rent controls which appeal to the hard left are fully controlled below market rents, which have been tried and failed, and are no doubt the type of controls that would be favoured by those who like the idea of them.
  6. We cannot really know whether employment would be higher without a minimum wage. However the minimum wage is now a minor issue. The minimum wage is effectively the default wage for many workers and the government provide further subsidies to enhance the minimum wage in the form of tax credits paid for by general taxation. This is a subsidy to big business in particular. The wage market is being interfered with just as much as the housing market.
  7. No, you are right, but that is a slightly different issue to the rents actually charged. The lack of security of tenure is not a massive driver to rent increases.
  8. I do have some sympathy for that kind of control, but there are always unintended consequences, and once you have one form of control, politicians will always think that the next solution to whatever problem the first set of controls have created can be fixed by further controls. The best way of providing a large supply of good rental properties is to allow as many people to enter the landlord market as possible. This has been stamped on because it was seen to be taking houses away from FTBs. However the underlying problem is no landlords, but huge population increases due to immigrants, many of whom will rent their homes when they first reach the UK. The only solution is to rebalance immigration with extra homes. Also the recognition of longer term tenancies of 3 and 5 years could be fine too, as many landlords do want long term tenants.
  9. We used to have rent controls in the UK. They ended up causing the supply of rental homes to dry up with the only ones left being complete crap holes. There is no need to try the same mistake again.
  10. If you knew enough about the tax system you would realise that your figures are simply not accurate. In addition to 40% tax, you will also need to pay employees NI and also employers NI. You will in effect be losing around 60% of your pay. Then add on top of that that any expenses incurred such as travel and hotels cannot be claimed as expenses and have to be paid from the remaining net income. Add this to the lack of job security and no normal employment perks, it begins to look very unattractive indeed. For these reasons I gave up IT contracting years ago. I had skills which earned me a very good living, but these skills are no longer utilised in the UK economy, simply down to the government being so greedy. Instead I now make a living from business which could never be categorised under IR35, nothing to do with IT.
  11. the govt consultation indicated this would bring in £1.1Bn in the first year. This should be changed to could. I am sure many people working as contractors who would be forced down the IR35 route are not suddenly just going to take it on the chin. Many would pack up contracting or go and work abroad. Why would anyone pay the taxes paid as a PAYE employee without any of the benefits? What is the point? You might as well get a proper permanent job with paid holiday, training etc. It will backfire just like stamp duty on expensive houses. The number of them bought and sold has plummeted. The number of people that could be classed as IR35 workers will also plummet. Of course once this happens the large companies struggling to find contractors will bleat about more skills shortages and the government will further relax rules for bringing in staff from India etc.
  12. This entire issue has been caused by governments trying to squeeze more tax from people they think are doing well. The entire IR35 situation was caused by politicians portraying self-employed people as not paying their "fair share" of tax. However they never state that such people will be unlikely to claim many benefits. I don't see why the decision to be self employed or not should be decided by anyone other than the person carrying out the work and the client. Not everyone wants to be an employee, many employers don't want employees either. Even people working for the same employer all the time, should be able to be decide they want to be self employed. If they are self employed they will forgo all perks of being a permanent employee and the security which goes with it. I was an IT contractor many years ago, but once IR35 was introduced I started another business which could never fall into that category. If IR35 is made even more draconian, more contractors will leave the industry and do something else, or work in another country. Likewise companies will not suddenly employ lots of permie staff, they will pay a consultancy company instead, many of which bring in huge numbers of people from India because there is a "skills shortage". It has nothing to do with skills though, just the government trying to force people to work in a way they don't want to.
  13. I agree. One of the biggest reasons for price increases is the easy availability of finance, and the ever increasing population. The population has been increasing by over 300k per year for many years now. However the number of extra homes entering the market is nowhere near that level. It does not really matter whether houses are rented or bought, as long as there is demand for every house, the prices will be bid up. BTL landlords may have bid up prices, but they would have been bid up by people buying for themselves too. BTL would not have got so big if there were not literally millions of people entering the UK having to find somewhere to rent whilst they find their feet.
  14. I am not saying anything of the sort. It is a fact to state that EU laws are created through a system that is not directly accountable to any electorate in the EU. If you believe in democracy this is a major problem. It is not a lie.
  15. It is a sensible point. Whilst we have been in the EU politicians of all colours have hidden behind the EU when implementing policies the public don't like. When we are out of the EU the buck will stop with them.
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