Wednesday, February 13, 2008

BTL Preferred?

Home ownership dips to decade low

"Home ownership in England fell for the second year in a row last year, sliding to its lowest level since 1998, according to government statistics". "Critics complain that many buy-to-let landlords have been able to obtain bigger mortgages, financing more expensive house purchases, than other ordinary buyers could normally afford".

Posted by alan @ 04:43 PM (1025 views)
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6 thoughts on “BTL Preferred?

  • The percentage of adults owning property actually went down for the first time since records began in 2006. That alone is a damning indictment of the current government. This is even worse, because it shows that the decline has gathered pace.

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  • Yes, and a ”Labour” government at that!

    House ownership should be rationed. No-one should be allowed to own more than 2, without a licence.

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  • This is despite all those fancy shared equity and ownership schemes.
    One overlooked factor is the buyers who used these schemes may well find themselves in negative equity for their share, with the scheme provider (local council?) ditto. Will the taxpayer be forced to take the hit?

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  • A woman at work is looking to buy a flat after a divorce. She has viewed around ten and nearly all of them are buy to let landlords getting out. With inflation out of the bag we are in for some interesting times, lets see how prudent Mr Brown was now shall we. No more boom and bust my a**s, he would have some integrity if he raised interest rates to keep inflation on target, but that is now a pipe dream of his and to think I voted for him.

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  • I disagree with the concept. The banks own the homes, we, or actually some of you poor bugg*rs just pay rent. Very few people OWN their own homes.

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  • This is an inevitable consequence of the commodification of land. Land is a human right not a commodity and hence, as with the right to vote etc., should be guaranteed through a non-market mechanism.

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