Jump to content
House Price Crash Forum
Sign in to follow this  
dog

House Buyers

Recommended Posts

In the 60's parents warned their children not to buy houses because a mortgage was considered to be a dangerous burden. Today parents are giving the opposite advice and pushing their children into big mortgages. What they don't seem to realise however is that the fundamentals of property purchase have changed drastically in recent years.

MIRAS - Scrapped

Stamp duty - Increased by 790% rise in 10 years

Inheritance tax - 1,500,000 more peope to pay inheritance tax

Council tax - a large and growing liability

Capital gains tax - an unkown risk

Size - starter homes have shrunk from 1000 square feet to less than 500 square feet

Cost - house prices are at historically highs (based on earnings multiples)

Base rates divided by inflation - at historical highs

Economic risks (see Germany and Japan)

The older generation got it wrong in the 60's and they have got it wrong again.

Share this post


Link to post
Share on other sites

In the 60's parents warned their children not to buy houses because a mortgage was considered to be a dangerous burden. Today parents are giving the opposite advice and pushing their children into big mortgages. What they don't seem to realise however is that the fundamentals of property purchase have changed drastically in recent years.

The older generation got it wrong in the 60's and they have got it wrong again.

an interesting juxtaposition with the previous generation. And a little bit punk aswell.

nice one! B)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.