Saturday, September 16, 2006

Everybody Wins!

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 (2954 views)
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2 thoughts on “Everybody Wins!

  • 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!

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  • 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 don’t you? – Look no further than ‘Supermum’.

    http://news.bbc.co.uk/1/hi/uk/2548551.stm

    If there isn’t an HPC, all these landlords will see their margins shrink to lower returns than other investments. What do you think they’ll do? – create a union/cartel and fix rental prices?

    I think we are seeing a new bourgeoisie; two bit donkeys who think they’ve 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.

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