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)
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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.

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

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  • 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.

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