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eric pebble

Would Cgt Increase Trigger A Housing And Stock Market Dip?

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Mass unemployment ..................Check!

Rates rises on the way................Check!

Flood of Ex-BTL.............................Check!

Oh Happy days are here again.....:)

Mike

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".... This means that one might expect a flood of second homes to come onto the market before the change takes place, which in turn would be very likely to depress the housing market."

Bring it on!

http://blogs.telegraph.co.uk/finance/edmundconway/100005946/would-cgt-increase-trigger-a-housing-and-stock-market-dip/

No way! The second home owners (except me of course) are all moaning because they just don't want to pay. The market is going down anyway without any change in CGT. How many bought before 1997? Most of them. Exactly. They bought when CGT was already up to 40% and should not be whinging when the country is bankrupt. A proportion of the 'gains' they whinge about were only created because of a rediculously lax policy toward mortgage credit. Had I been Chancellor, interest rates would never have fallen below 4.5% ever and no lending above 3 x income/ + minimum 5 % deposit, would have been allowed since 1997. Then house prices would have been broadly 80-100% more than 1997 and therefore in line with ability to pay. No bubble or crash in property.

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Logically the CGT thing should panic BTL-ers.

But I just think there's too many people saying that CGT is going to be the end of the world, many VI's

They will water down the CGT thing, the coalition may not last that long anyway (we may need a new Sec to the Treasury any time soon).

I think its a storm in a teacup. It may never happen, it may not be so penal.

Interest rates will do for housing.

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Logically the CGT thing should panic BTL-ers.

But I just think there's too many people saying that CGT is going to be the end of the world, many VI's

They will water down the CGT thing, the coalition may not last that long anyway (we may need a new Sec to the Treasury any time soon).

I think its a storm in a teacup. It may never happen, it may not be so penal.

Interest rates will do for housing.

Funny how - when the boot's on the other foot - the BTL whingers start crying for their mummy... :rolleyes:

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I had heard of this website, but had no idea it was so full of envious tw*ts.

So, you want house prices to "crash" so you can buy a house yourself?

Er, don't you then become part of the "supposed" problem?

Tax the tw*ts.

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I had heard of this website, but had no idea it was so full of envious tw*ts.

So, you want house prices to "crash" so you can buy a house yourself?

Er, don't you then become part of the "supposed" problem?

Tax the tw*ts.

Thanks for confirming our views that second home owners and buy to let landlords are panicing!

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I had heard of this website, but had no idea it was so full of envious tw*ts.

So, you want house prices to "crash" so you can buy a house yourself?

Er, don't you then become part of the "supposed" problem?

Tax the tw*ts.

"ENTJ"... by any chance would that be a self-rated personality type ?

I suppose you are good looking and well hung too ;)

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Which one are you in your avatar?

Alas, not original there ENTJ - that has been a subject of much discussion on this forum for years... and often very hilarious threads if I say so myself.

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I had heard of this website, but had no idea it was so full of envious tw*ts.

So, you want house prices to "crash" so you can buy a house yourself?

Er, don't you then become part of the "supposed" problem?

Tax the tw*ts.

Once they drop...they need only rise with healthy inflation ...interest rates will revert to long term average, the economy will recover and be rebuilt on substance not HPI illusion....your problem? ;)

Edited by winkie

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I had heard of this website, but had no idea it was so full of envious tw*ts.

So, you want house prices to "crash" so you can buy a house yourself?

Er, don't you then become part of the "supposed" problem?

Tax the tw*ts.

:)

Quite how a group of people pointing out that that the current UK housing market is totally unsustainable should upset you is interesting. If you were so clever you would have worked it our for yourself.

Good luck with your 'investments' over the next couple of years, I hope you do not fall into the same trap as Grant Bovey in which your 'profits fail to materialise'.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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