Son of Fred Posted May 21, 2010 Share Posted May 21, 2010 (edited) Economic recovery = HPI “Only millionaires should pay inheritance tax,” he said. “I’m absolutely clear on that. As the economy recovers and as house prices continue to rise you will find people getting caught by the inheritance net that should not be there.” linky Edited May 22, 2010 by Son of Fred Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 21, 2010 Share Posted May 21, 2010 Deja vu. Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 21, 2010 Share Posted May 21, 2010 Economic recovery = HPI linky you're not wrong what a tw*t Quote Link to comment Share on other sites More sharing options...
Kazuya Posted May 22, 2010 Share Posted May 22, 2010 Final nail in the coffin for HPC as even the Tory leader Dave Cameron is like Gordon "HPI" Brown. HPI = recovereh :angry: Quote Link to comment Share on other sites More sharing options...
Blue Nose Bear Posted May 22, 2010 Share Posted May 22, 2010 Economic recovery = HPI linky Not surprising really, just distancing himself from what is to come. Won't be his fault when HP's drop through the floor, in fact I've no doubt it will be 'totally unexpected'. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 22, 2010 Share Posted May 22, 2010 HPI is our engine for growth and has been so since the early 70's. Banking provides the debt and the sheeple comply. The flaw in the plan to allow HPI to build Britain is outside forces that are now taking our currency down and will eventually cause IR to rise as credit risks increase. As Friedman pointed out when HPI mania began in the US--there aint no free lunch. Quote Link to comment Share on other sites More sharing options...
aa3 Posted May 22, 2010 Share Posted May 22, 2010 HPI is our engine for growth and has been so since the early 70's. Banking provides the debt and the sheeple comply. The flaw in the plan to allow HPI to build Britain is outside forces that are now taking our currency down and will eventually cause IR to rise as credit risks increase. As Friedman pointed out when HPI mania began in the US--there aint no free lunch. Without income growth the central bank has to increase asset values as a way of getting money into the hands of the consumer. Which is an unfair way of doing it since not everyone in the society is an owner of assets. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 22, 2010 Share Posted May 22, 2010 (edited) Economic recovery = HPI linky The link in the OP didn't work for me. This works: LINK: http://www.telegraph.co.uk/news/newstopics/politics/david-cameron/7751610/David-Cameron-vows-to-cut-taxes.html (The link in the OP is repeating the "http" twice) Yep. He said that. But why? Does he believe in it? Or was he just defending his Inheritance Tax policy? Does he know what he is talking about? (Cameron may have an IQ a little above average, but he is no genius). Is he planning to inflate the economy? Edited May 22, 2010 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 22, 2010 Share Posted May 22, 2010 Final nail in the coffin for HPC as even the Tory leader Dave Cameron is like Gordon "HPI" Brown. HPI = recovereh :angry: Looks like it. Quote Link to comment Share on other sites More sharing options...
fellow Posted May 22, 2010 Share Posted May 22, 2010 Economic recovery = HPI linky He is probably correct. However we are a long way from an econmic recovery. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 22, 2010 Share Posted May 22, 2010 Ponzi hasnt yet been arrested...he has a few more fans left. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 22, 2010 Share Posted May 22, 2010 He's not going to say that house prices are too high and that he's going to do something about it, is he? Wait until prices start tumbling again and see if he tries to prop them up at all costs, that will be the acid test . Quote Link to comment Share on other sites More sharing options...
Errol Posted May 22, 2010 Share Posted May 22, 2010 He knows what is going to happen; currency debasement on a massive scale. Quote Link to comment Share on other sites More sharing options...
Guest Skinty Posted May 22, 2010 Share Posted May 22, 2010 (edited) Isn't that just admitting that we live in a debt based monetary system that needs to inflate over time? It's a far cry to suggesting that he will spend the hundreds of billions of pounds that Brown did to prop up a market for long enough to reach the general election. After all, they have brought in the 40% capital gains tax which should stop buying second homes or BTL as a short term investment. That was one of the main causes of HPI. That and low interest rates. One of the typical arguments against the Conservatives from Labour have been their high interest rates, as if that's a bad thing. People need an incentive to save. Edited May 22, 2010 by Skinty Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 22, 2010 Share Posted May 22, 2010 He's not going to say that house prices are too high and that he's going to do something about it, is he? Wait until prices start tumbling again and see if he tries to prop them up at all costs, that will be the acid test . Like stop preventing forced sales? My main concern: Newspapers headlines like: "Hard Working Families Being Evicted - Tory Government Refuses to Help" Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 22, 2010 Share Posted May 22, 2010 (edited) He knows what is going to happen; currency debasement on a massive scale. This probability just went up, with his comment. Real prices would still fall though. If we could be sure about it, a 10 years fixed would solve the problem. Edited May 22, 2010 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
deflation Posted May 22, 2010 Share Posted May 22, 2010 I'd have thought that this was the best line if you want HPC: Capital gains tax on the sale of second homes and shares is expected to double imminently... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 22, 2010 Share Posted May 22, 2010 Like stop preventing forced sales? My main concern: Newspapers headlines like: "Hard Working Families Being Evicted - Tory Government Refuses to Help" "Housing Bubble caused by previous Government's ineptitude" Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted May 22, 2010 Share Posted May 22, 2010 Not sure what DC is saying in that statement, its a bit ambiguous. I tell you what I do know though, I didn't vote for him, nor Clegg, so whatever happens over the next 5 years is nothing to do with me guv'. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted May 22, 2010 Share Posted May 22, 2010 (edited) Not sure what DC is saying in that statement, its a bit ambiguous. I tell you what I do know though, I didn't vote for him, nor Clegg, so whatever happens over the next 5 years is nothing to do with me guv'. the prime minister stating he expects house prices to rise once a global credit cycle has ended is about as relevant/useful as a prime minister saying he wont let house prices get out of control when the global credit bubble is nearing its blow off peak. If people actually listened to these muppets words then they have only themselves to blame. Based on the above they would have sold up in 97 and start investing in property now, very astute. Personally i make my investment decisions based on policy and conditions rather than rhetoric, to name but three taxing Pension dividend, switching to CPI and Cap gains releif changes since 98 quite clearly pointed out the direction house prices should take and they did. Increasing Cap gains to 40% quite clearly highlights the first change that points out the new direction of them, i shall be interested to see the next few policies that are house price negative over the coming years Edited May 22, 2010 by Tamara De Lempicka Quote Link to comment Share on other sites More sharing options...
evictee Posted May 22, 2010 Share Posted May 22, 2010 Surely he's just making the point that inheritance tax is particularly subject to bracket creep. It's hardly a statement of policy on house prices nor even a prediction really, just a point about taxation which relies on the reasonable observation that house prices generally rise over time. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted May 22, 2010 Share Posted May 22, 2010 Final nail in the coffin for HPC as even the Tory leader Dave Cameron is like Gordon "HPI" Brown. HPI = recovereh Why? he is in no more control of it than Brown was? IMO Brown`s meddling gave hope to "homeowners" more than anything else, that hope will fade as the cuts start. Quote Link to comment Share on other sites More sharing options...
campervanman Posted May 22, 2010 Share Posted May 22, 2010 He is probably correct. However we are a long way from an econmic recovery. Correct. What you should also read into this is that as the economy flatlines/falls over the next 2-3 years of austerity (prior to the hoped for real recovery) is that house prices will flatline/fall. The best Cameron can hope for over the next 2-3 years is a flat economy, but more likely negative growth. He is quite prepared to do this as a price to get a real recovery going by 2013/14. Don't panic. House prices will go up as the economy recovers but that is 3 years away, if the switch from state sponsored economics to private investment works, and before then you will see falls. Quote Link to comment Share on other sites More sharing options...
benzlife Posted May 22, 2010 Share Posted May 22, 2010 Surely he's just making the point that inheritance tax is particularly subject to bracket creep. It's hardly a statement of policy on house prices nor even a prediction really, just a point about taxation which relies on the reasonable observation that house prices generally rise over time. I agree. The wish for an HPC on these boards is such that too much can be read into throw away statements. The PM of the country has to do a lot of talking and not all of it is as carefully thought about as perhaps we assume. Quote Link to comment Share on other sites More sharing options...
pete.hpc Posted May 22, 2010 Share Posted May 22, 2010 Watch what he does, not what he says What would you expect him to say? He can't upset that massive chunk of boomer homeowning voters by saying the imminent 2nd leg down is pre-meditated Quote Link to comment Share on other sites More sharing options...
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