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Home Ownership Among Young Adults has Collapsed


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7 minutes ago, Maynardgravy said:

The main difference is that a Corbyn government will build more houses and burn landlords. Any resulting crash would leave council houses to deal with the mess.... until the tories get back in and sell the lot again for tuppence.

No they won't, they will just say they will. Osborne has already burnt landlords more effectively than any socialist would.

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3 minutes ago, GregBowman said:

No they won't, they will just say they will. Osborne has already burnt landlords more effectively than any socialist would.

we'll have to agree to differ on that. I don't agree with everything JC stands for but he's more principled than any tory or tory-light leader we've seen in decades. But neither of us have crystal balls. Merely having a decent supply of council homes will put a massive dent in housing benefit payouts taking the competition off private renters.

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20 minutes ago, Maynardgravy said:

we'll have to agree to differ on that. I don't agree with everything JC stands for but he's more principled than any tory or tory-light leader we've seen in decades. But neither of us have crystal balls. Merely having a decent supply of council homes will put a massive dent in housing benefit payouts taking the competition off private renters.

Of course and always good to debate, Part of me agrees with your principled comment but part of me sees the rise in anti-Semitism (and believe I am not looking for ism's ) the return to what  seems to me like 1970's style sexism and the running amok of momentum in Haringey (it was gay when I grew up there under the red flag in the 70/80's) as worrying portents. Principles need a backbone he hasn't got one in fact I suspect in a straight contest Reese Mogg would wipe the floor with him in spite of his poshness

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51 minutes ago, GregBowman said:

No they won't, they will just say they will. Osborne has already burnt landlords more effectively than any socialist would.

If Hammond+May had any sense they'd be following up S24 with a timetable to completely abolish mortgage interest relief for unincorporated landlords in time for the 2022 general election. It's completely within their power to do it, they could get it through Parliament with Labour and Lib Dem votes if their own MPs wouldn't support it (similar to how Cameron got gay marriage passed). May could say to her MPs "you want to still have a job in 2023? This is what we have to do".

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27 minutes ago, Dorkins said:

If Hammond+May had any sense they'd be following up S24 with a timetable to completely abolish mortgage interest relief for unincorporated landlords in time for the 2022 general election. It's completely within their power to do it, they could get it through Parliament with Labour and Lib Dem votes if their own MPs wouldn't support it (similar to how Cameron got gay marriage passed). May could say to her MPs "you want to still have a job in 2023? This is what we have to do".

They have more or less it's a basic rate deduction from 2020 ie 20%. In truth good as completely changes the model. Trim tab or nudge economics at play it hasn't even started yet and BTLy portfolio's up for sale. They won't get thanked by younger generations for doing this since they are nasty Tories and they couldn't possibly help Corbyn's chosen ones could they ?

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1 hour ago, Bricks n' mortar said:

All trying to sell up quietly?

Haha I think they're still in denial. They seem to be under the impression that Shelter etc will be begging the government to drop Section 24 when the wave of homelessness hits due to landlords selling. Just like the waves of massive rent increases will hit. It will be any day now...any day...

After all, as we all know, houses cease to exist when landlords sell them.

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7 hours ago, GregBowman said:

Of course and always good to debate, Part of me agrees with your principled comment but part of me sees the rise in anti-Semitism (and believe I am not looking for ism's ) the return to what  seems to me like 1970's style sexism and the running amok of momentum in Haringey (it was gay when I grew up there under the red flag in the 70/80's) as worrying portents. Principles need a backbone he hasn't got one in fact I suspect in a straight contest Reese Mogg would wipe the floor with him in spite of his poshness

As much as I may hate to admit it and as much as he comes from a world I can barely comprehend, I believe Reese Mogg is a principled man too (total opposite of that **** Cameron). He is also a consummate debater and would wipe the floor with almost anyone so that may be so, but JC has been underestimated before and is growing in stature. Quite where this lack of backbone comes from though, I don't know.... JC was wearing his heart on his sleeve while David Cameron was introducing his manservant to a soon-to-be bacon sandwich.

Not getting the antisemitism either. Being critical of Israel is not antisemitic. There are plenty of Jews that do that too.

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6 minutes ago, Maynardgravy said:

As much as I may hate to admit it and as much as he comes from a world I can barely comprehend, I believe Reese Mogg is a principled man too (total opposite of that **** Cameron). He is also a consummate debater and would wipe the floor with almost anyone so that may be so, but JC has been underestimated before and is growing in stature. Quite where this lack of backbone comes from though, I don't know.... JC was wearing his heart on his sleeve while David Cameron was introducing his manservant to a soon-to-be bacon sandwich.

Not getting the antisemitism either. Being critical of Israel is not antisemitic. There are plenty of Jews that do that too.

I think the naive anti Israel stance of many left wingers swings too easily into anti semitism 

https://www.amazon.co.uk/Whitewashed-Anti-Semitism-Labour-Judith-Ornstein-ebook/dp/B074LRGHHP

I am a catholic so not a view I picked up in this weeks Jewish Chronicle ?

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Osborne cut BTL tax relief a bit, and added a bit more stamp duty to second home purchases, but he also introduced Help to Buy and single-handedly caused a second boom in London property prices.  That ultimately forced me to move back North - there is just no future in London now unless you inherit.

I am the most left wing of left-wing voters but until about 2013 I was living in London and actually considering voting Tory.  But I will never vote for them now.

The soft landing they wanted was actually happening but they messed it up.  They talked about austerity a lot but we are still running a deficit.  They privatised a bunch of stuff unnecessarily and screwed up working public services.  Their current leadership is both completely incompetent and scarily, unapologetically authoritarian.

It doesn't matter if Corbyn is literally the devil - I'm tired of being screwed over by the demons we already have.  And he's a long way from that, anyway - he's making the right noises on a lot of stuff.

I wish Scotland had voted for independence and left the whole sorry lot behind.

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50 minutes ago, irrationalactor said:

It doesn't matter if Corbyn is literally the devil - I'm tired of being screwed over by the demons we already have.  And he's a long way from that, anyway - he's making the right noises on a lot of stuff.

I wish Scotland had voted for independence and left the whole sorry lot behind.

I like what Wales are up to too. Ending Right to Buy at last. Perhaps if enough economically active people move elsewhere this could be a wake up call. At least with Corbyn he has yet to create any track record in power as opposed to people who have already proven their true colours.

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I remember reading this last week and thought wow how late are the papers to such news.

I've already told my nephew that the best thing for him is to learn a language, computers and emigrate.

But I genuinely do think a lot of younger will do such a thing, hence why I think the UK is finished. Ok mini rant over

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On 16/02/2018 at 8:42 PM, hi5lo5 said:

Isn't it the motive of any govt is to keep those prices up and eventually trigger some kind of tax(CGT/ IHT) on the unearned income?

It is strange that this motive has become a reality because under the rules of neo liberal economics we have reached the pinnacle of perfection and are having to paper over the cracks that are becoming apparent in the dogma.

On 16/02/2018 at 9:27 PM, Social Justice League said:

This action can only be considered as treason.

 

I totally agree with this.  The UK is run for the benefit of the banking system now.  The actual citizens are just a side show.

Many need to be hung from tall trees imo.  Politicians, elites, bankers, the lot.

Freedom of the bankers was one of the central themes of neo liberal economic theory as was planned by the right-wing think-tanks between the 1950's to early 1980s (the last 35 years or so has been the implementation stage of the perfect economic system:()

On 16/02/2018 at 9:19 PM, apom said:

"The young are their own worst enemy, they have chosen to be more concerned about trump, refugees and EU fruit pickers than about their own prospects of jobs and homes."

No, they are not doing enough. But, what they need to do should never be something that they should have to do. The government only exists to provide the infrastructure and rules needed for a society to exist.

The young's worst enemy is the Government.

Both 'new Labour' and Tory governments are everyone's worst enemy.   Once again I stress neo liberal economics which they are both beholden to,  and the young in particular dont know any different on account of zero exposure to alternatives (even though you can see major differences in parts of mainland Europe)

Too many of the old  ie Gen X onward, are too comfortable to get off their a-holes even though their kids are still living at home aged 35 or so.  Even though many of us desire a total change of economics and social policy across the board for all age groups.

On 16/02/2018 at 8:48 PM, winkie said:

Don't want it to go up that much!......buying a home should have nothing to do with doing it for the value to increase, it is to provide a place to live that one day will own....what the value of it might be is immaterial, of no importance whatsoever.......people just don't get it.;)

No,  they have been conditioned by the majority right wing media to accept that neo liberal economics and  asset price inflation is the creation of real wealth for all.

 

On 16/02/2018 at 8:14 PM, spyguy said:

And ...

If home ownership by the under 45 ha coolpased then home sales by the over 45 has collapsed too.

You really have to be careful hat UK housing becomes priceless - in the worse meaning of the word.

Yes like medieval land ownership, inheritance only

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