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House Price Crash Forum

A Ground Breaking Stimulus Scheme For The Property Market


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HOLA441
If you really want us to believe a story you've invented, then make it slightly credible! Or, do you believe in the old adage "If you tell a lie, make it a big one!"?

What makes you think she really wants us to believe it? Reminds me of the old "Deadalus" pages at the back of the New Scientist, which was always coming up similarly highly improbable but entertaining schemes.

Keep it up Laura - with or without the G&T.

db

Edited by deeplyblue
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HOLA443
My public service mole (the same one who told me about Brown's barmy 'Compulsory House Price' idea way back) has revealed another nutty, yet interesting plan that is being tossed around, a Two-Tier Currency! - I kid you not!

If I have this right, the idea is that vendors will be encouraged to reprice their properties back up to 2007 values but in new 'Property Pounds'. Whereas buyers will use the GBP, as we all know & love it, at a ratio of ten to one PP to GBP for property purchase.

The clever part is that vendors do not have to convert their PP stash back into GBP if they do not wish to as special PP savings accounts will be set up. Thus they can keep their money safe until they wish to buy another house.

No interchange of the two will be allowed outside of property sale & purchase until the UK is back on its feet.

At some point in the future the govt. will gradually begin to reduce the differential between the two until parity is restored.

In the meantime buyers will be able to purchase one property (& one only) using the scheme, & sellers can only sell using it. Breaking these rule will be a criminal offence.

The plus point for sellers is that they will (if they have sufficient equity) be able to see all those zeros in their saving accounts knowing that one day they will again be equal to Sterling.

It is thought that this will provide a huge boost to the housing market & allow the deserving to buy a place of their own without BTL scum pricing them out. This sounds so socialist to me that I can't believe anyone from Brown's mob had anything to do with it.

The chances of this idea being introduced are very slim, but who knows what legislation will be imposed when the uk collapses.

With Brown out of the picture this wont happen.

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HOLA445
Reminds me of the old "Deadalus" pages at the back of the New Scientist,

Thxs db :)

Anyone remember 'Bargepole' at the back of 'Punch'?

He wrote a towering piece just before GC1. I kept it for years. Then I moved. You can guess the rest :(

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HOLA448

I can see how this works as part of a chain, but what about the property at the top? eg most of the houses we are looking at are either probate sales or owners who are downsizing or emigrating. What would these people do with the property pounds if they were not going to buy a UK property again?

But if they had to accept them they wouldn't sell at all, instead their just rent it out. So it would cause market to totally stagnate. Totally unworkable.

Much better idea would be to reprice all houses at half of 2007 levels and to convert the negative equity into a special type of loan that gets repaid via PAYE from gross income over 10 year period - increase in tax rate.

Edited by grizzly bear
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HOLA449
My public service mole (the same one who told me about Brown's barmy 'Compulsory House Price' idea way back) has revealed another nutty, yet interesting plan that is being tossed around, a Two-Tier Currency! - I kid you not!

If I have this right, the idea is that vendors will be encouraged to reprice their properties back up to 2007 values but in new 'Property Pounds'. Whereas buyers will use the GBP, as we all know & love it, at a ratio of ten to one PP to GBP for property purchase.

The clever part is that vendors do not have to convert their PP stash back into GBP if they do not wish to as special PP savings accounts will be set up. Thus they can keep their money safe until they wish to buy another house.

No interchange of the two will be allowed outside of property sale & purchase until the UK is back on its feet.

At some point in the future the govt. will gradually begin to reduce the differential between the two until parity is restored.

In the meantime buyers will be able to purchase one property (& one only) using the scheme, & sellers can only sell using it. Breaking these rule will be a criminal offence.

The plus point for sellers is that they will (if they have sufficient equity) be able to see all those zeros in their saving accounts knowing that one day they will again be equal to Sterling.

It is thought that this will provide a huge boost to the housing market & allow the deserving to buy a place of their own without BTL scum pricing them out. This sounds so socialist to me that I can't believe anyone from Brown's mob had anything to do with it.

The chances of this idea being introduced are very slim, but who knows what legislation will be imposed when the uk collapses.

Mmm. Interesting. It sounds a bit complicated. I'm not sure how it would work in practice.

I think there was also mooted the idea that any person who does not own property, and who has a job paying over, say, £20k pa, could be legally required to buy a property or face going to prison. After all, these people who do not buy property are not playing their part in bringing about the much needed recovery in house prices.

Just kidding. :)

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HOLA4410
more evil from our evil govt.

i wish i was made of semtex, id blow them all to hell.

Please tell me you were joking - on both counts. In case you weren't:

a. It was written to provide a little light relief. It is NOT an evil plot to destroy our way of life.

b. I thought we'd seen enough of people who believe that blowing themselves up is a good way to put the world to rights.

If you were joking - try for a lighter note next time.

db

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