A Thought On Miliband

[pjw]

I'm not a supporter of the Labour Party, but it has struck me that Miliband has the opportunity to make waves.

Why should all parties fish in the same area of the pond?

If he stated that the objective of the Labour Party was to get houses DOWN, we might have a real choice at election time.

Sell off the state's share in the banks. Tell the banks there will be no more bailouts - pass an Act of Parliament making bailouts illegal, so the banks know that even in an extreme crisis, it would take a long time to repeal that Act even if the government did want to do a bailout. Tell the banks that if they fail, mortgage debts will be written down compulsorily to screw the shareholders and bondholders of the banks (see Iceland).

Replace housing benefit by £500 a month flat accommodation element in benefits, regardless of where you live and how many children you've got.

Make mortgage all non-recourse - just send the keys back to the bank and move and you will hear nothing more.

Replace council tax by a land value tax - the tax falls on the freeholders who benefit from HPI and not the tenants. The landlords may try to pass the charge on, but tenants can move to cheaper areas.

Remove all tax incentives for BTL.

Each person should have a maximum of one mortgage. The most you coudl get is a husband has a mortgage in his name on his residential property and his wife has a mortgage on a BTL property. There should therefore be no huge property portfolios of BTL landlords.

Replace 6 month assured shortholds by 2-3 year tenancies, and make it retrospective to existing assured shortholds.

Make shared ownership illegal - mortgages for 25% of a property are just a fraudulent product denied to support house prices. If people have to go for that - it means prices are too high.

Make banks repossess defaulting homeowners quickly - eg institute a 100% tax on the outstanding value of mortgages in default for more than three months to force the banks to offload straightaway, regardless of the impact on house prices.

Introduce legislation to cut out estate agents, and get Rightmove to accept personal listings.

Make it a government goal to halve house prices over one five-year Parliament.

It would be fascinating to see a real choice at election time - the UK might even start to resemble a democracy!

[The Masked Tulip]

Most people either own their house outright or think they own, via a mortgage, a house. Telling people that you are going to try and get house prices down does not win you elections. Telling them that you will increase the price of their housing will get you in Downing Street.

The Tories believe they lost in '97 because of the housing crash circa '91/92 which then saw falling house prices for the following years.

[fluffy666]

Most people either own their house outright or think they own, via a mortgage, a house. Telling people that you are going to try and get house prices down does not win you elections. Telling them that you will increase the price of their housing will get you in Downing Street.

The Tories believe they lost in '97 because of the housing crash circa '91/92 which then saw falling house prices for the following years.

They might *believe* that, but I doubt it's true. They seem to forget the ERM, endless scandals, raving on about Europe, NHS waiting lists, run-down education sector..

Remember that the late-1980s housing bubble was just a blip compared to the current mountain, and limited in geographical extent.

[mikthe20]

Labour love property investments ... 'Husband and wife Cabinet ministers Ed Balls and Yvette Cooper "flipped" their second home to three different properties within two years.'

So there is no way they would ever promote a reduction in house prices ... it would be like outlawing trusts to avoid paying taxes.

This. I remember reading an interview with some champagne socialist media lovey and it boiled down to "we own several properties and that's wonderful. I would never dream of owning shares in companies though - I don't want to support capitalist scum". Seems about the general view of these peole - creating jobs is "exploitation" but charging rents seems fine. Weird how they have chosen to support feudalism rather than capitalism.

[mfp123]

I'm not a supporter of the Labour Party, but it has struck me that Miliband has the opportunity to make waves.

Why should all parties fish in the same area of the pond?

If he stated that the objective of the Labour Party was to get houses DOWN, we might have a real choice at election time.

Sell off the state's share in the banks. Tell the banks there will be no more bailouts - pass an Act of Parliament making bailouts illegal, so the banks know that even in an extreme crisis, it would take a long time to repeal that Act even if the government did want to do a bailout. Tell the banks that if they fail, mortgage debts will be written down compulsorily to screw the shareholders and bondholders of the banks (see Iceland).

Replace housing benefit by £500 a month flat accommodation element in benefits, regardless of where you live and how many children you've got.

Make mortgage all non-recourse - just send the keys back to the bank and move and you will hear nothing more.

Replace council tax by a land value tax - the tax falls on the freeholders who benefit from HPI and not the tenants. The landlords may try to pass the charge on, but tenants can move to cheaper areas.

Remove all tax incentives for BTL.

Each person should have a maximum of one mortgage. The most you coudl get is a husband has a mortgage in his name on his residential property and his wife has a mortgage on a BTL property. There should therefore be no huge property portfolios of BTL landlords.

Replace 6 month assured shortholds by 2-3 year tenancies, and make it retrospective to existing assured shortholds.

Make shared ownership illegal - mortgages for 25% of a property are just a fraudulent product denied to support house prices. If people have to go for that - it means prices are too high.

Make banks repossess defaulting homeowners quickly - eg institute a 100% tax on the outstanding value of mortgages in default for more than three months to force the banks to offload straightaway, regardless of the impact on house prices.

Introduce legislation to cut out estate agents, and get Rightmove to accept personal listings.

Make it a government goal to halve house prices over one five-year Parliament.

It would be fascinating to see a real choice at election time - the UK might even start to resemble a democracy!

there is one slight problem which is that labour were the ones did all those things that you say should be undone.

they bailed out the banks.

they increased housing benefit.

they introduced shared ownership.

they stopped houses being repossessed and subsidised it with the mortgage rescue scheme.

making it a government goal to reduce house pries when they caused the bubble is unlikely. their competence is even less likely .

Gordon Brown 1997 ‘I will not allow house prices to get out of control and put at risk the sustainability of the recovery.’

labour were also the ones that setup the FSA in 2001 to (not) regulate the financial industry and reign in excessive borrowing.

Edited May 24, 2013 by mfp123

[JustAnotherProle]

I am still amazed that people seriously think there is some type of difference between Milliband/Cameron/Clegg, do you really think that the "Labour" party in particular is anything but a collection of self serving , hypocritical, short termist troughers, with no interest in anything that won't keep them elected or in politics long enough to ride the tax payer funded gravy train as long as possible?

The liblabcon simply isn't able to make the types of decisions that you suggest and that we need to make any difference to the nightmare we are facing economically and socially, they are in service to the bankers, the unelected EU bureaucrats and the VI's of the land owning and rent seeking parasites.

Democracy in the UK died a while ago.

[winkie]

there is one slight problem which is that labour were the ones did all those things that you say should be undone.

they bailed out the banks.

they increased housing benefit.

they introduced shared ownership.

they stopped houses being repossessed and subsidised it with the mortgage rescue scheme.

making it a government goal to reduce house pries when they caused the bubble is unlikely. their competence is even less likely .

Gordon Brown 1997 ‘I will not allow house prices to get out of control and put at risk the sustainability of the recovery.’

labour were also the ones that setup the FSA in 2001 to (not) regulate the financial industry and reign in excessive borrowing.

Like most politicians.....not all, they have only one vested interest their own......they might start off with all good intentions but it doesn't take much for them to deviate to other more self gratifying influences.

[katchytitle]

You can't win elections without banks. Who would buy your debt to pay for all your election promises?

[oracle]

I'm not a supporter of the Labour Party, but it has struck me that Miliband has the opportunity to make waves.

Why should all parties fish in the same area of the pond?

If he stated that the objective of the Labour Party was to get houses DOWN, we might have a real choice at election time.

Sell off the state's share in the banks. Tell the banks there will be no more bailouts - pass an Act of Parliament making bailouts illegal, so the banks know that even in an extreme crisis, it would take a long time to repeal that Act even if the government did want to do a bailout. Tell the banks that if they fail, mortgage debts will be written down compulsorily to screw the shareholders and bondholders of the banks (see Iceland).

Replace housing benefit by £500 a month flat accommodation element in benefits, regardless of where you live and how many children you've got.

Make mortgage all non-recourse - just send the keys back to the bank and move and you will hear nothing more.

Replace council tax by a land value tax - the tax falls on the freeholders who benefit from HPI and not the tenants. The landlords may try to pass the charge on, but tenants can move to cheaper areas.

Remove all tax incentives for BTL.

Each person should have a maximum of one mortgage. The most you coudl get is a husband has a mortgage in his name on his residential property and his wife has a mortgage on a BTL property. There should therefore be no huge property portfolios of BTL landlords.

Replace 6 month assured shortholds by 2-3 year tenancies, and make it retrospective to existing assured shortholds.

Make shared ownership illegal - mortgages for 25% of a property are just a fraudulent product denied to support house prices. If people have to go for that - it means prices are too high.

Make banks repossess defaulting homeowners quickly - eg institute a 100% tax on the outstanding value of mortgages in default for more than three months to force the banks to offload straightaway, regardless of the impact on house prices.

Introduce legislation to cut out estate agents, and get Rightmove to accept personal listings.

Make it a government goal to halve house prices over one five-year Parliament.

It would be fascinating to see a real choice at election time - the UK might even start to resemble a democracy!

my thought on milliband.......adrian mole, aged 13 and 3/4

[erat_forte]

Most people either own their house outright or think they own, via a mortgage, a house. Telling people that you are going to try and get house prices down does not win you elections. Telling them that you will increase the price of their housing will get you in Downing Street.

The Tories believe they lost in '97 because of the housing crash circa '91/92 which then saw falling house prices for the following years.

Even those that don't swallow the propaganda. Wasnt there a headline recently, house prices going up, good news for first time buyers?

[billybong]

Even if he (they) made a cast iron promise on the subject and as a result won the election there's always the excuse that on taking power when they looked at the books they found they couldn't do it.

The past is a guide for the lot of them and for sure any worthwhile "promise(s)" would be reneged on.

Edited May 25, 2013 by billybong

[Tired of Waiting]

Most people either own their house outright or think they own, via a mortgage, a house. Telling people that you are going to try and get house prices down does not win you elections. Telling them that you will increase the price of their housing will get you in Downing Street.

The Tories believe they lost in '97 because of the housing crash circa '91/92 which then saw falling house prices for the following years.

This !

[Tired of Waiting]

I am still amazed that people seriously think there is some type of difference between Milliband/Cameron/Clegg,

(...)

Democracy in the UK died a while ago.

Quite the opposite. They all have the same policies exactly because they are all trying to please the same voters, these: link

[winkie]

Most people either own their house outright or think they own, via a mortgage, a house. Telling people that you are going to try and get house prices down does not win you elections. Telling them that you will increase the price of their housing will get you in Downing Street.

The Tories believe they lost in '97 because of the housing crash circa '91/92 which then saw falling house prices for the following years.

....so what they do is make out they are all for house prices continuing to rise along with the media that also promote this stance....while all the while gradually allowing prices to fall/deflate in real terms allowing the banks to recapitalise their loses whilst interest to still be collected.....this has now to be a long drawn out game......the crash can now no longer be afforded or risked, by the debtors or the creditors.....economic stagnation.

[Executive Sadman]

The last thing Miliband or labour want are low house prices.

That way they people can see the market works.

They want houses to be permanently unaffordable so they can create various cruel and unusual government scheme's to 'help' homebuyers take on massive mortgages and then say 'look, government works', without us, you would never get a mortgage and be able to buy a home.

[Executive Sadman]

Labour love property investments ... 'Husband and wife Cabinet ministers Ed Balls and Yvette Cooper "flipped" their second home to three different properties within two years.'

So there is no way they would ever promote a reduction in house prices ... it would be like outlawing trusts to avoid paying taxes.

That too. Leftists never create businesses employing people. Theyve always got rich off inheritances, usually property.

[Bemusedmover]

Surely the obvious answer (apart from telling Europe where to go)

..............is to outlaw foreign ownership of anything "british"

Utilities should NOT be in private hands and neither should banks

It is time "membership" of the "human rights act" was "exited"

.............after all try moving to another country and demanding what we have acquiesced to...........

[eric pebble]

This. I remember reading an interview with some champagne socialist media lovey and it boiled down to "we own several properties and that's wonderful. I would never dream of owning shares in companies though - I don't want to support capitalist scum". Seems about the general view of these peole - creating jobs is "exploitation" but charging rents seems fine. Weird how they have chosen to support feudalism rather than capitalism.

!!

EXCELLENT LINE.

Edited May 26, 2013 by eric pebble

[Executive Sadman]

Wasnt Derek Hatton was it?

http://en.wikipedia.org/wiki/Derek_Hatton

Hatton made clear that he is no longer a Trotskyist, but maintains that he remains firmly on the Left of the Party, expressing his belief that Labour has to abandon New Labour ideology (or "neo-Tory", as Hatton puts it) and return to its traditional values.

In an October 2008 interview with The Sunday Telegraph,[10] Hatton revealed that he has become a capitalist running a property company in Cyprus and drives a £60,000 Range Rover. He justifies his change in attitude as "My days in politics were a very long time ago and I lost interest in it after I was expelled from the city council."

[spyguy]

In an October 2008 interview with The Sunday Telegraph,[10] Hatton revealed that he has become a capitalist running a property company in Cyprus and drives a £60,000 Range Rover. He justifies his change in attitude as "My days in politics were a very long time ago and I lost interest in it after I was expelled from the city council."[/b]

Cyprus ehh?

Looks like his 'property' antennae are as tuned as his political one.

[Tired of Waiting]

It all comes down to demographics and votes. When there are more people who have been priced out and cannot afford to work let alone buy a house then there will be no people to pay for the pensions of the older, property owning class. Sooner or later something has to give otherwise we will have millions of 50 and 60 year olds over the next 10-20 years renting and having to ask permission from their older landlord to put up a picture.

Good post.

[anonguest]

Wasnt Derek Hatton was it?

http://en.wikipedia.org/wiki/Derek_Hatton

Hatton made clear that he is no longer a Trotskyist, but maintains that he remains firmly on the Left of the Party, expressing his belief that Labour has to abandon New Labour ideology (or "neo-Tory", as Hatton puts it) and return to its traditional values.

In an October 2008 interview with The Sunday Telegraph,[10] Hatton revealed that he has become a capitalist running a property company in Cyprus and drives a £60,000 Range Rover. He justifies his change in attitude as "My days in politics were a very long time ago and I lost interest in it after I was expelled from the city council."

More likely he lost 'interest' in Socialism when he started to own a meaningful amount of money of his own and, being perfectly human, started to subconsciously think perfectly instinctive thoughts along the lines of 'it's my money, I earned it, why should I give to others....'

[davidg]

More likely he lost 'interest' in Socialism when he started to own a meaningful amount of money of his own and, being perfectly human, started to subconsciously think perfectly instinctive thoughts along the lines of 'it's my money, I earned it, why should I give to others....'

Hatton is a sociopathic predator. Once his Liverpool gig was stopped he merely moved on. The left seems to attract a lot of them: Blair, the Millipedes, Balls, Scargill.