Wednesday, February 2, 2011

Excellent news for Scottish landlords!

Most young Scots forced to rent by 2020

But, just in case collecting half of young people's income in inflated rents (see article) isn't enough for the hard-pressed BTL, I think we ought to increase the HB cap and give BTLers tax breaks and subsidies and low interest loans, just to be on the safe side. Remember kids: house prices can only go up! No landowner or homeowner can ever lose a penny for that would be an abomination in the eyes of The Lord.

Posted by mark wadsworth @ 05:17 PM (1184 views)
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4 thoughts on “Excellent news for Scottish landlords!

  • sibley's b'stard child says:

    I’m no statistician or financial boffin but I know it’s a school-boy gaffe to extrapolate data from point A to B in a straight line. That’s what tickles me about this raft of ‘ooh, what about the poor FTBs’ articles that seem to be doing the rounds; nowhere does their analyses take into account siginificant drop in house-prices.

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  • If news stories like this scare the politicians into doing something, then so much the better. But they can’t possibly build more houses in Scotland, it’s already far too densely populated and the green belt must be protected…..

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  • mark wadsworth says:

    SBC, don’t forget Prof S Nickell’s bold prediction from 2006 or thereabouts, that by 2020, the average house price would be 23 times average salary.

    Drewster, yup, with population density approaching ten per cent that of England’s (the most densely populated country on the planet, TM Daily Mail) Scotland will just have to manage with living in tower blocks or something.

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  • sibley's b'stard child says:

    “…by 2020, the average house price would be 23 times average salary”.

    What! In 2020 the average annual wage will be £2,000? Someone needs to tell the press; this is massive news.

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