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Editor Of 'country Life' Argues Against Cgt

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Country Life relies on property advertising - it's a very major part of its revenue - it caters for the weekend in the country crowd. Nice journos, nasty position on CGT. Yet another VI.

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I love the way that the report tries to assert that well heeled second home buyers, with spare cash, are suddenly going to panic sell their weekend homes due to a rise in CGT.

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Country Life relies on property advertising - it's a very major part of its revenue - it caters for the weekend in the country crowd. Nice journos, nasty position on CGT. Yet another VI.

In fact, the first third of the magazine is adverts...

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Country Life relies on property advertising - it's a very major part of its revenue - it caters for the weekend in the country crowd. Nice journos, nasty position on CGT. Yet another VI.

|Most of their readers got rich turning barns into 'manors' over the last 30 years.

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It is now on iplayer - 18 minutes in.... HPCers should be cleaning the houses and painting the gutters of second home owners it seems...

http://www.bbc.co.uk/iplayer/episode/b00swzh3/The_Daily_Politics_21_06_2010/

The editor of that magazine undoubtedly owns a "Hice" instead of a house wot most folks live it. He probably has a few homes scattered around the country* to provide accommodation during "the Season" and children that have turned their hands to "entrepneuship" (BTL).

__________________

* Henlair, Ascot, Cotswolds.

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I just watched that, I'm so angry!!!

'We all depending on housing'

Come on, where on earth is this shit coming from, trying to state the entire UK economy is based on the housing market, What a massive VI article; how do we complain to the BBC? Also, why is the housing 'recovery' only ever messured in prices when the fact remains that sales are alomst at the lowest ever.

"Long term investiments"

Yeah yeah, it was only reduced to 18% 2 years ago ffs!

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I just watched that, I'm so angry!!!

'We all depending on housing'

Come on, where on earth is this shit coming from, trying to state the entire UK economy is based on the housing market, What a massive VI article; how do we complain to the BBC? Also, why is the housing 'recovery' only ever messured in prices when the fact remains that sales are alomst at the lowest ever.

"Long term investiments"

Yeah yeah, it was only reduced to 18% 2 years ago ffs!

Our economy is dependent on HPI--probably 40-50% of everything we "produce" is HPI related. See ONS stats on UK Plc where they say 40% of our national wealth (debt??) is housing.

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Our economy is dependent on HPI--probably 40-50% of everything we "produce" is HPI related. See ONS stats on UK Plc where they say 40% of our national wealth (debt??) is housing.

They are Just trying to convince you that house price related, deathpledge enslavement is necessary for an economy –if we don’t have a speculated housing market how are people going to produce anything?

If you try to pull it apart, it doesn't even make enough sense to pull apart

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Grrrrrrrr!

Lets not ruin a good argument by including ANY FACTS AT ALL!

Tozzer.gif

Yeah, more of the same rubbish. This guy is arguing for the 'Ponzi Economy' to be maintained, he just doesn't understand he's fallen into a ponzi scheme. As with all property investors.

It's like watching Bernie Madoff's clients in denial that he was running a Ponzi scheme. They don't want to admit it to themselves.

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They are Just trying to convince you that house price related, deathpledge enslavement is necessary for an economy –if we don’t have a speculated housing market how are people going to produce anything?...

well, certainly if we don't have rampant house price inflation it becomes harder for private individuals to borrow a lot more money than in the previous year.

that's a 'growth' of sorts.

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well, certainly if we don't have rampant house price inflation it becomes harder for private individuals to borrow a lot more money than in the previous year.

that's a 'growth' of sorts.

You have to offset that with the fact that people also have to borrow more.

Most of the extra borrowing is done to buy real estate which is now at a higher price.

That people can borrow more to buy x because x has a higher price is not economic growth

Edited by Stars

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They happily completely ignored buyers. This was simply an appallingly one-sided piece.

The argument that second homes help local people is insidious. Like saying that slavery helps the enslaved because it keeps them in employment. Andrew Neil's stance didn't help either.

Milliband actually made some sense in that interview. That's how back to front that article was!

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You have to offset that with the fact that people also have to borrow more.

Most of the extra borrowing is done to buy real estate which is now at a higher price.

That people can borrow more to buy x because x has a higher price is not economic growth

It's exponential interest paid to bankers over the term!

Empty banks!

Bankers who are lending whilst leveraged @ £50-£1 instead of £5-£1 maximum.

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They happily completely ignored buyers. This was simply an appallingly one-sided piece.

The argument that second homes help local people is insidious. Like saying that slavery helps the enslaved because it keeps them in employment. Andrew Neil's stance didn't help either.

Milliband actually made some sense in that interview. That's how back to front that article was!

More than a thousand pubs and village shops could close during the coming year due to the ongoing shortage of affordable homes in rural areas, it was warned today.

Around 1,200 shops have already closed in the countryside during the past two years, while more than 600 pubs have closed during the past 12 months alone, according to the Rural Shops Alliance (RSA) and British Beer and Pub Association (BBPA).

They said the closures were 'ripping the heart out' of community life in hundreds of villages across the country.

The mass closures are being blamed on declining demand for services in villages where local families have been priced out of the market by an influx of wealthy commuters and second homeowners.

The gentrification of the countryside and the shortage of affordable homes has also made it increasingly difficult for pubs and shops to find workers who can afford to live locally on modest wages.

The National Housing Federation, which has joined forces with the RSA and BBPA to call for urgent action to halt the demise of the countryside, said the number of people on waiting lists for affordable housing in England had soared to 750,000.

'Many villages are now in real danger of losing their unique identity.

'They are becoming holiday zones preserved for tourists and second home owners, which close down for business in the winter.

'Affordable housing lies at the centre of the battle to save traditional village life.

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It's sickening how these sorts of views go unchallenged.

And it's sickening that even when they acknowledge the problem of young locals not being able to afford a place to stay, it gets just a cursory mention, and no in depth analysis, as they move swiftly on to the more important stuff, like how second home owners deserve their unearned income, and are saviours of the economy and all that utter crap.

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It's exponential interest paid to bankers over the term!

Empty banks!

Bankers who are lending whilst leveraged @ £50-£1 instead of £5-£1 maximum.

Err - banks make loans to buy real estate under thse circs. which is exactly what you might expect

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It's sickening how these sorts of views go unchallenged.

And it's sickening that even when they acknowledge the problem of young locals not being able to afford a place to stay, it gets just a cursory mention, and no in depth analysis, as they move swiftly on to the more important stuff, like how second home owners deserve their unearned income, and are saviours of the economy and all that utter crap.

Blatant meedia manipulation (which usually goes on unnoticed anyway!)

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The CGT issue has really forced all these fools out into the open. The more they try to defend the issue the more you can see that they are ignorant. If as stated that they are pensions then why worry as in 15-20 years there will be different tax rules and they only have to pay this if they sell. Their real fears are that either the market crashes and or that the loophole is exposed as immoral and closed for good. It’s interesting seeing the type of people who are moaning about this, and the fact that the media don’t ever put forward a counter argument. MPs have been flipping houses and in fact I heard that some of them were being investigated for un-disclosed CGT so there’s one group with VI in this.

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Blatant meedia manipulation (which usually goes on unnoticed anyway!)

What happened to Andrew Neil's usual style of asking difficult questions? Totally out the window. The property ramper was given a free ride. Not even a question about pricing young people out of the market, or the distorting effect high property prices have on the whole economy.

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  • 140 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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