Wednesday, December 17, 2014

The Next Election will Impact House Prices Going Forward

Labour opens up five-point poll lead over Tories

House Prices in a year's time will be decisively affected by the May election. It's coming closer. My removals friend said volumes of house moves are up in our area for December. A Mansion Tax then in 2015?

Posted by alan @ 09:46 PM (2664 views)
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11 thoughts on “The Next Election will Impact House Prices Going Forward

  • This is coming from a left leaning paper, and we could well have a housing boom under way after Christmas due to stamp duty, which should lead to a Tory win. When people are feeling good about the economy they vote Tory for lower taxes, when they feel bad about their economy, they vote Labour to steal money from their neighbour. Remember the 10 Commandments? Thou Shalt Not Steal (Yes government, that morality applies to you also), which is why Socialism always results in societal collapse.

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  • “Thou Shalt Not Steal”
    Is charging someone many, many times the production and maintenance cost of a house not theft?
    And a house price boost might not have as positive an effect on electoral chances any more. The majority of Londoners rent, so high house prices and low interest rates have a detrimental effect on their lives. The rest of the country is also rapidly heading towards a majority renting. I’d say depending on how you define owner occupied, most people do rent anyway. I’m assuming a house with a lodger or a house share where one of the people owns it is counted as owner occupied?

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  • All monopoly is theft because monopoly it is a coercive relationship. The biggest monopoly of all is land ownership

    So the best way to deal with this theft in and efficient manner is to take the unimproved ground rent and redistribute on and equal basis thus negating the monopoly and allow people to have a true free market in property and business opportunity due to location. You pay for what you take, you receive what you create.

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  • Libby can you give some examples where societies living the Royal Libertarian model you espouse have flourished?

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  • @libby – “housing boom under way after Christmas due to stamp duty,”

    So the average punter saving £300 on thte cost of buying a home will lead to a boom? Don’t think so.

    For a housing boom you really need to relax credit underwriting standards and start lending ao anyone and everyone to create enough credit to move prices in a meaningful way. Simply chipping away at the cost whilst maintaining underwriting standards will just help prop things up.

    Libby, do you see the banks relaxing lending standards so that anyone can go buy an extra house or two?

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  • @5 khards unfortunately that £300 get levered up by 10 times on a 90% LTV.

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  • people appear to have less money than ever, I have just got back to UK and it really is like entering a poverty ridden 4th world country, britains appear to be fighting for every little penny, fighting over discounted end of day food.

    however I wish people in britain would not litter their own country with big mac wrappers, chippy papers and chewing gum, its disgusting and wastes a huge amount of taxes cleaning it all up

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  • Mark you are spot on!

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  • well have a housing boom under way after Christmas due to stamp duty, which should lead to a Tory win.

    Thoroughly absurd analysis.

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  • @6 Too true.

    Everyone I know who bought in London over the last 4 years has been constrained by their deposit, not by their borrowing limits. Typical London FTB with £30k +tax looking at £300k properties, now has a £35k deposit.

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  • Libertas @ 1 above, whilst I agree with you, house price direction I just can’t get with your comments about theft, socialism and societal collapse. Leaving aside banking, which (where deregulation was clearly an unqualified, rip-roaring success, of course) if you are right, WTF is going on in Ferguson and all across America…presumably a more “free market” society than, say Sweded or France? What of US prisons run for profit and what they release back in to American society? What the needlessly medicated and obese America? Neo liberal psychological disorders (“attention deficit disorder” to name just one) brought to you solely by drug manufacturers and sponsored research? A food chain dominated by multinationals that produce malnutrition and obesity amongst their “customers”?
    I rather think that what you are seeing is the collapse of society due to free market dogma.

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