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Thatcher's Dream Becomes A Nightmare For A Jilted Generation

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This is the most controversial bit:

There is one simple reason why so many people can no longer afford to buy. Property is incredibly expensive. A bolder policy solution would be to use the tax system to force down prices. The Treasury forgoes billions in revenues because people don't pay capital gains tax when they sell their main residence. Are you up for abolishing that exemption, Mr Cameron? Nope, thought not. You'd be lynched by your party. What about you, Mr Miliband? Your beloved "next generation", the younger ranks of your "squeezed middle", would be the net beneficiaries of a fall in house prices – so how about it? The Labour leader shakes his head for, like his rivals, he doesn't think that a declaration of war on the propertied middle classes would enhance his chances of winning an election.

http://www.guardian.co.uk/commentisfree/2011/jun/05/andrew-rawnsley-house-prices-construction

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This is the most controversial bit:

http://www.guardian....es-construction

The "Jilted Generation" are in fact those who thought their house was worth "lots" :lol::lol: , they are in fact the "F*ucked Generation" because young punters will be picking up houses for peanuts in years to come.

Edited by dances with sheeple

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The "Jilted Generation" are in fact those who thought their house was worth "lots"

+1

I think we will be laughing at these kind of articles in a few years time.

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Yet another Guardian type who conviently forgets just exactly who was in power for 13 years and precided over a massive boom in prices. Yes there is fault with the Thatcher's policies but the biggest damage was done by Blair and Brown.

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Yet another Guardian type who conviently forgets just exactly who was in power for 13 years and precided over a massive boom in prices. Yes there is fault with the Thatcher's policies but the biggest damage was done by Blair and Brown.

She planted it and they grew it , GB said they would never let house prices get out of line again as he knew that the last crash is what the public never forgave the torys for and kicked them out in 1997. However by the time prices had started going into orbit again GB had the chance to start another crash but did not have the guts the rest is history.

AS for this generation and the one behind them they have fk all, fk all jobs, fk all homes , fk all pensions , fk all hope and if something is not done soon they will have fk all to lose and the govenment will have a big problem.

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Forget about moving for your job if you have to pay capital gains tax on the sale of your home. You automatically have a shortfall on the house you want to buy next.

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Forget about moving for your job if you have to pay capital gains tax on the sale of your home. You automatically have a shortfall on the house you want to buy next.

Roll-over relief would be required (and retirement relief for people moving into a retirement home).

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If there are ten houses, and twelve people trying to buy them, then two people will find them unaffordable no matter what you do with taxes.

And I don't even understand what this tax proposal is.

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A much larger distortion is the tax-exempt status of owner-occupiers' imputed rent.

yes

but additionally, if you save your assets in other asset classes you get personal tax-efficient wrappers anyway, so I can't see how that makes a renter lose out that much (since the tax on rent is shared between the landlord and the tennant)

it may make the market more inefficient and promote hoarding, which is possibly what you were getting at

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I'm not mad on this article. I'm all for building (for other reasons) but it isn't a lack of building that caused this problem. House price booms and busts don't correlate with population growth (the underlying long term mean does) and a shortage. We all know that house prices would have gone through the floor had interest rates not gone to 0.5% so it can't be that.

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I'm not mad on this article. I'm all for building (for other reasons) but it isn't a lack of building that caused this problem. House price booms and busts don't correlate with population growth (the underlying long term mean does) and a shortage. We all know that house prices would have gone through the floor had interest rates not gone to 0.5% so it can't be that.

The people in this country have been shafted by governments and will continue to do so unless they do what the Arabs are doing.

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The "Jilted Generation" are in fact those who thought their house was worth "lots" :lol::lol: , they are in fact the "F*ucked Generation" because young punters will be picking up houses for peanuts in years to come.

That's if the younger workers have jobs in the new fooked Britain.

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UK Plc is all about house prices.

The only way to change that is to chnage the fundamental economic basis for this country's prosperity. In short, a revolution of some sort.

None of the mainstream parties want that as they all have a VI in property portfolios. None will back rigorous CGT to slow speculation and BTL is still regarded as legitimate "entrepreneurship" in this country.

So how do we change the fundamental economic basis for UK Plc? Through breaking of the will where property speculation is concerned. Simply put, make speculation too expensive to be viable:

1. Double council tax on 2nd homes (triple tax on 3rd homes and so forth) whether OO or let out. And the owner is responsible to pay, not the tenant (another sop to BTL gone).
2. CGT if the house is sold within 36 months of purchase unless certain exceptiosn apply (loss of employment, death or job move more than 10 miles from present location etc).
3. Abolition of all fraudulent means of obtaining credit (LIAR LOANS, IO etc), and maximum multiple of 3 X proven joint income with a minimum downpayment of 20%.

Just 3 simple measure wil cure the HPI disease in less than a generation and divert entrepreneurial energies to more productive areas.

Edited by Realistbear

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The people in this country have been shafted by governments and will continue to do so unless they do what the Arabs are doing.

What, pray facing Mecca five times a day? :ph34r:

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  • 312 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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