mkz Posted May 15, 2013 Share Posted May 15, 2013 http://www.telegraph.co.uk/news/politics/10057557/Write-your-own-laws-and-win-prizes.html Let's work on a housing law. Some starting points here: - Restrict mortgages to an amount deemed affordable for the mortgagor and low-risk for the lender, even in adverse economic conditions; - Ban interest-only mortgages; - Only allow housing equity withdrawal to fund improvements to the property in question; - Allow a mortgagor to surrender the property to the lender and default on the loan, with no legal recourse for the remaining debt; - Tax the ownership of multiple homes; - Cancel the tax breaks for buy-to-let investors; - Cancel local housing allowance; - Cancel support for mortgage interest; - Cancel the right to buy scheme; - Introduce capital gains tax on the primary residence, in place of stamp duty; - Ease the restrictions on the land available for residential property; - Build more houses. That's 113 words... Quote Link to comment Share on other sites More sharing options...
Butthead Posted May 15, 2013 Share Posted May 15, 2013 FFS! The Telegraph of all papers should know that it's not about writing laws it is about repealing them. Lots of them. Smaller government, yes...!? Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted May 15, 2013 Share Posted May 15, 2013 Allow log cabins up to a certain size to be built without planning permission. Quote Link to comment Share on other sites More sharing options...
Guest TheBlueCat Posted May 15, 2013 Share Posted May 15, 2013 I think I'll go with 'Do what thou wilt shall be the whole of the Law'. Seems like it would just about as effective as the current setup. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted May 15, 2013 Share Posted May 15, 2013 http://www.telegraph.co.uk/news/politics/10057557/Write-your-own-laws-and-win-prizes.html Let's work on a housing law. Some starting points here: - Restrict mortgages to an amount deemed affordable for the mortgagor and low-risk for the lender, even in adverse economic conditions; - Ban interest-only mortgages; - Only allow housing equity withdrawal to fund improvements to the property in question; - Allow a mortgagor to surrender the property to the lender and default on the loan, with no legal recourse for the remaining debt; - Tax the ownership of multiple homes; - Cancel the tax breaks for buy-to-let investors; - Cancel local housing allowance; - Cancel support for mortgage interest; - Cancel the right to buy scheme; - Introduce capital gains tax on the primary residence, in place of stamp duty; - Ease the restrictions on the land available for residential property; - Build more houses. That's 113 words... I agree with all the "cancel" bits but a lot of the other things are a bit arbitrary and hard to enforce, it would be better IMO to use market forces to make lenders much more cautious when dishing out money e.g. they can only put a charge on 40% of the value of the property. I would also replace CG and stamp duty with an LVT. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted May 15, 2013 Share Posted May 15, 2013 Restrict mortgages to an amount deemed affordable for the mortgagor and low-risk for the lender, even in adverse economic conditions; A better way would be to limit the amount you could borrow against any property to a reasonable multiple of it's rental yield- this way at least house prices would track incomes. Quote Link to comment Share on other sites More sharing options...
happy_renting Posted May 16, 2013 Share Posted May 16, 2013 In anticipation of the day, coming soon, that people will be judged, sentenced and punished in an entirely automated system, integrating GPS, CCTV, communications interception, facial/voice/word recognition, satellite & aerial photography, international police databases, dromes armed with rockets, pattern recognition, predictive behavioural software, psychological profiling, unlimited government access to people's bank acounts, automated issuance of everything from a parking ticket upwards, etc., etc., I propose the following law: "This law must be broken". From what I have seen in countless sci-fi films, a paradox such as this will cause smoke and flames to pour out of all the computers controlling the Orwellian state spying machine, thus setting mankind free. Quote Link to comment Share on other sites More sharing options...
MattW Posted May 16, 2013 Share Posted May 16, 2013 Abolish btl mortgages. From now on landlords must own the property outright. No more of that 'refinance property x to buy property y' pyramid shit. Quote Link to comment Share on other sites More sharing options...
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