Tuesday, March 20, 2012

The yoof sacrificed at the alter of Homeownerism

Bank of England house prices paper is grim reading for first-time buyers

Interesting last sentence: 'An alternative, of course, would be a stiff land value tax' This would sort out high house prices and high income tax bills in a swoop. Not very useful to the 'grey vote', who benefit from the former and don't pay the latter

Posted by mombers @ 04:47 PM (1991 views)
Please complete the required fields.

3 thoughts on “The yoof sacrificed at the alter of Homeownerism

  • mark wadsworth says:

    To be fair to Milesy, as recommended on the other thread I printed off his speeches/reports from last November and this March, and in the first he says that the tax system is skewed in favour of owner-occupation and that the Mirrlees Report suggests a good solution to this; the Mirrlees report of about a year ago did of course recommend LVT or at least much higher Council Tax which is more proportional to land values.

    Please complete the required fields.

  • or indeed owner-non-occupation as per all the delightful characters who stash ill gotten gains in empty London properties…

    Please complete the required fields.

  • Miles paper is based upon a very limited analysis, such a narrow view taken in isolation cannot be valid. The housing market is subject to a much wider range of factors, all need to be considered to make a valid prediction.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>