Saturday, Sep 16, 2006

Everybody Wins!

The Scotsman: Funding university life by buying a student flat means everybody wins

The Scotsman tells us that parents can use BTL to "potentially fund their child's university education on tax savings alone."

Posted by scunnered @ 07:58 PM (2912 views)
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1. bidin'matime said...

Or 'How to land your offspring with a load more debt as they leave university, having suffered three years of being their mates' landlord...' Yeah, great!

Sunday, September 17, 2006 06:53PM Report Comment

2. Sam. said...

I know someone who is doing this just north of London. 19 year old student renting it out to her 'mates'. You know where they got their inspiration from dont you? Look no further than Supermum.

If there isnt an HPC, all these landlords will see their margins shrink to lower returns than other investments. What do you think theyll do? create a union/cartel and fix rental prices?

I think we are seeing a new bourgeoisie; two bit donkeys who think theyve got a right to make money simple on the back of a very simple business plan without any understanding of risk or social responsibility.

Call me a socialist, but once FTBs and young renters make up a large chunk of the voting population I think one of the major parties should start to start talking taxing the hell out of second and BTL properties (forcing people to invest in proper businesses where real money is made), perhaps cutting inheritance tax and stamp duty as a sweetener.

Monday, September 18, 2006 10:03AM Report Comment

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