Sunday, Nov 29, 2015

BTL landlords threaten to evict thousand of social tenants in protest against tax changes

Young Peoples Party: Can you spare 15 minutes to wreck the economy some more

Excellent discussion on landlord reactions Osborne's Tax changes - comedy gold

Posted by pete green @ 02:25 PM (5290 views)
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3 Comments

1. quiet guy said...

I note that there are 603 pages of comments on the property forum. Compare with HPC. That's something to think about.

It's normal human nature for people to feel a bit of pain when their circumstances change for the worst. BTL has been cosseted with favourable fisal and monetary policy in the past but a lot of them don't understand that (or don't want to.) This comment in reply to a tough love comment from someone posting as "Greg Bowman" made me smile:

Reply to the comment left by "Greg Bowman" at "03/08/2015 10:40":

Greg,

I am amazed with the comments you have made. Buy To Let business supports economy, as well as good employment opportunities together with much needed accommodation which government would have been unable to do.

No every individual who rents would like to buy a property. Generally speaking, people who rent are either contract workers, immigrants and who have yet to establish their status in UK before they are able to buy property or finally those who do not have sufficient funding to pay for deposit required by a lender.

The notion that buy to let investors have distorted the market is well and truly deluded. As a matter of fact, buy to let property investors have made market more vibrant which in return made lenders balance sheets healthier and if you remember ECONOMY THRIVES IN RISING HOUSING MARKET!


We should be grateful because it's good for the economy.

Sunday, November 29, 2015 06:17PM Report Comment
 

2. mombers said...

Who are they going to vote for? Corbyn? Can't see UKIP becoming the party of the landlords either. I think this is going to be a fascinating experiment in seeing if landlords can pass the cost of the tax hike on.

Monday, November 30, 2015 10:46AM Report Comment
 

3. Alan Lubin said...

"Can't see UKIP becoming the party of the landlords either"

Because it is a 'political party' that has a Landlord and Property Developer as it's housing spokesman?

Tuesday, December 1, 2015 01:07AM Report Comment
 

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