Tuesday, Jan 20, 2015

... at the taxpayer's expense!

Torygraph: How to get rich quick from Crossrail

H/T Mark Wadsworth. Don't really know what to say - I wish my salary was subject to 0% taxation like this is!

Posted by mombers @ 01:37 PM (4187 views)
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6 Comments

1. icarus said...

ref my comment 3 to the libertas post at 10.58PM, this cool tool would be of benefit to the taxman too.

Tuesday, January 20, 2015 01:59PM Report Comment
 

2. pete green said...

Ricardo's Law of Rent in Action...

Tuesday, January 20, 2015 03:53PM Report Comment
 

3. libertas said...

Its true, Whitechapel values are going to go nuts. Whitechapel is also getting massive increase in District Line and Hammersmith and City line trains of late, plus those lines get new air conditioned trains.

Me personally, I am positioned for Crossrail 2, though I have doubts about it going up the Lee Valley. But it looks like we may get better. They are aiming for eight trains per hour to Stratford from Angel Road, and then 12 trains per hour eventually from Crossrail 2, bring it to about 8 trains per hour by 2023 and 20 trains per hour along that line by about 2030. London will be 20mins away at that point, and values start rising soon as money is committed to the scheme, which hopefully is in the next spending review in about a year's time.

TFL have been given £2m for that purpose and have appointed engineers to work up proposals. We already have a preferred route and safeguarding in place.

Tuesday, January 20, 2015 11:52PM Report Comment
 

4. Brickit said...

And they get these figures from?

Reminds me of when I saw this in the metro:-
http://metro.co.uk/2007/08/05/house-prices-to-soar-40-2-5312/

back in August 2007.

Wednesday, January 21, 2015 08:51AM Report Comment
 

5. reticent said...

Me personally, I am positioned near friends and family. I am hoping prices go down soon because I think the current situation will lead to social unrest in the near future and a crash, though painful in the short term, would hopefully precipitate a rebalancing towards a more productive economy in the longterm.

I plan to stay in my home for 5-10 years and I am hoping for no real appreciation between now and the time I move, because any money I make on this house will simply end up in my next home and I won't ever be able to access it without moving to a smaller home and/or a less desirable location.

London will still be the same 30 mins away by that point, because I bought a property where I want to live now rather than one where I hope other people will want to live in 8 years' time.

Wednesday, January 21, 2015 11:25AM Report Comment
 

6. libertas said...

reticent, I hear you. I bought property in the only place I could afford.

Wednesday, January 21, 2015 02:59PM Report Comment
 

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