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olde guto

Daily Wail - Labour Will Destroy Btl

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Visiting elderly relative this weekend, open up their copy of the Mail on Sunday and it had several pages about how Red Ed will destroy BTL and busily gloating about how much BTL LL make.

Other stuff said Labour will destroy the economy as well, seeing as I'm pro-HPC all this stuff was practically a list of reasons why I should vote Labour!

Rest of the paper was so full of pro-Tory and anti-SNP/Labour/UKIP propaganda it was like reading Pravda in the USSR.

On a smartphone so can't post a link, not that I'd want them to generate any click based ad revenue.

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Just for fun show them the graph that shows house prices tripling under Labour and levelling under the coalition, stand well back while their heads explode.

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Just for fun show them the graph that shows house prices tripling under Labour and levelling under the coalition, stand well back while their heads explode.

To start with, yes...... then they decided that HPI was good for votes and introduced FLS, HTB1, HTB2 etc.

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I may even start going to the express for my daily fix of tabloid rubbish...Usually boycott anything to do with it given its HPI positon, but theyre firmly UKIP now. None of this continual labour vs tory illusion.

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If you are looking to politicians to fix the house price issue I think you are barking up the wrong tree. If we do get a crash it will be by accident rather than design and everything will be done to try to prevent it.

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If you are looking to politicians to fix the house price issue I think you are barking up the wrong tree. If we do get a crash it will be by accident rather than design and everything will be done to try to prevent it.

This the tories had the best non stick chance of letting the market correct five years ago but they carried on where the others left off

All thats going to be offered is more "help"

Edited by long time lurking

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Article's here:

http://www.dailymail.co.uk/money/buytolet/article-3065446/Experts-predict-disaster-country-s-landlords-Labour-vows-interfere-market-capping-rental-rises.html

Nothing terribly new in the text, but I found this interesting:

d14NJC8m.jpg

Even with IRs at record lows, just under a quarter of BTL landlords are losing money...

And how many of them have IO mortgages ? is the cost of repaying the capital included in the equation when calculating the profit ? i very much doubt it

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I may even start going to the express for my daily fix of tabloid rubbish...Usually boycott anything to do with it given its HPI positon, but theyre firmly UKIP now. None of this continual labour vs tory illusion.

...and still firmly pushing HPI 4EVA

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Voting Conservative would be voting for all the interference in house prices (and wrecking Britain's economy) so that in itself is a good enough reason not to vote for them.

That's not to say Labour would have done any different but if any of the Lib, Lab or the Con are incumbents then a vote against the incumbent is worthwhile as they follow similar policies.

Of course some people will still vote for their crazy house price policies plus all the interference and that will include some BTLers but that's up to them if they want to vote for policies wrecking Britain's economy.

Edited by billybong

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I voted labour got high house prices.

Voted conservative to balance the books .... got ever higher house prices which in my area are clearly a direct product of FFL and HTB.

I apologise and will try a new one each time till i get it right.

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Article's here:

http://www.dailymail.co.uk/money/buytolet/article-3065446/Experts-predict-disaster-country-s-landlords-Labour-vows-interfere-market-capping-rental-rises.html

Nothing terribly new in the text, but I found this interesting:

d14NJC8m.jpg

Even with IRs at record lows, just under a quarter of BTL landlords are losing money...

Out of interest what reason the peculiar leap in profits 2010 ?

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Why is this thread now in current affairs ?

I think they're trying to keep the main forum from being swamped by political pimping during the election. i'd agree there are plenty of deeply hpc relevant threads recently that really should be in the main forum.

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Arrrrgh! Stop giving me reasons to vote Labour.

They've been very clever on housing in the run up, I'll give them that !

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I think who ever gets in HB is in the firing line,it`s a massive cost with the least effected by any cuts ,the LL`s will throw their toys out the pram threatening it will lead to people being thrown out on the streets but that hand has already been played and seen as a busted flush

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And how many of them have IO mortgages ? is the cost of repaying the capital included in the equation when calculating the profit ? i very much doubt it

About 90% of BTL loans are IO. The debt never gets repaid and the economy becomes more and more leveraged.

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