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Things seem to be getting interesting again

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Been visiting this site on an off for over a decade.

Not so much until recently, but things seem to be getting interesting again.

Having held out for a few years, I bought the dip in London (with reluctance) in 2010 and have moved a couple of times locally since - I'm now at the top of my particular ladder so to speak - meaning that I am no longer inherently short house prices and so, with a modest mortgage and no aspirations to climb any further, I am kind of watching from the sidelines.

I read another post recently about the importance trying to align your interests with the those in power and, with this in mind, I have been trying to understand the thinking behind the recent BTL changes (re treatment of mortgage interest for tax purposes, stamp duty increases etc.).

The vested interests of politicians in the property market are widely known and these measures pre-date the rise of Corbynomics and so, on one level, this move is bit of a mystery.

Having convinced myself of a more bullish narrative in recent years, I was initially quite dismissive of these changes. But the reality is that prices are falling in the areas that I follow the local estate agents that I have spoken with recently are overly defensive about impact of these measures which to me suggests many landlords may be trouble.

So, why would turkeys vote for Christmas? - my best guess is that one consequence of these measures would appear to be amateur landlords being squeezed out of the market, allowing more financially robust players (who are better placed to wear any shorter term pain) to take share. I don't quite get it.

Apologies if this has been covered on another thread - if so I would appreciate a point in the right direction...

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