Jump to content
House Price Crash Forum
Sign in to follow this  
right_freds_dead

Stop The Meltdown

Recommended Posts

if 2nd homes (of ALL types) were emergency taxed to death of 90% of gains and yield, they would force sellers onto the market while also drawing tax income. this would provide a lot of affordable homes which pent up ftbs could buy, thus filling up mortgage books with sensible loans.

sensible BTLs would attempt to sell to current tenants or ride the concequences. blame it on housing shortages etc. they wont have many supporters.

banks would be on the road to recovery and the big meltdown could be slowly averted.

business would turn over a little. b&q would get some customers. wages could stay in line.

employment could remain at least stable, if not breathtaking.

this would involve a huge kick in the teeth to the BTL and property investor types, and some neg equity.

but thats too bad. its coming anyway if we dont do anything about it. sellers are just in a dreamworld.

sold by clever marketing and fashion. they need a reality check anyway.

if they continue to prop this up as they are doing, cutting rates, injecting taxes its going to result in a dire meltdown,

as no worth is currently coming into the banking system to help losses. others are taking to gold or just plain cutting back.

if they hit the 2nd home parasites, this would cause a flood on new 'healthy' mortgage apps, to help put genuine assets

in paper and help the wider economy. btl would get a total uk kick in the side, but what else can we do ? this is a crisis.

just a thought.

or am i being naive ?

Share this post


Link to post
Share on other sites
if 2nd homes (of ALL types) were emergency taxed to death of 90% of gains and yield, they would force sellers onto the market while also drawing tax income. this would provide a lot of affordable homes which pent up ftbs could buy, thus filling up mortgage books with sensible loans.

sensible BTLs would attempt to sell to current tenants or ride the concequences. blame it on housing shortages etc. they wont have many supporters.

banks would be on the road to recovery and the big meltdown could be slowly averted.

business would turn over a little. b&q would get some customers. wages could stay in line.

employment could remain at least stable, if not breathtaking.

this would involve a huge kick in the teeth to the BTL and property investor types, and some neg equity.

but thats too bad. its coming anyway if we dont do anything about it. sellers are just in a dreamworld.

sold by clever marketing and fashion. they need a reality check anyway.

if they continue to prop this up as they are doing, cutting rates, injecting taxes its going to result in a dire meltdown,

as no worth is currently coming into the banking system to help losses. others are taking to gold or just plain cutting back.

if they hit the 2nd home parasites, this would cause a flood on new 'healthy' mortgage apps, to help put genuine assets

in paper and help the wider economy. btl would get a total uk kick in the side, but what else can we do ? this is a crisis.

just a thought.

or am i being naive ?

Nah, the banks will just do a few margin calls to restore their balance sheets..

Share this post


Link to post
Share on other sites

they dont have the money, so they can call them all they want.

anyway, since when have the fortunes of brokers been in charge of uk housing needs.

this has all got so 'city' and now i cant get a simple home for myself.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.