Of course it does. You build new houses and all those local trades get a boost, those companies pay taxes, they create jobs, those people doing the jobs also pay taxes. It's oiling the wheels of the economy
depends on your definition of the housing ladder. Whether it simply means starting off with a small property based on your needs and getting bigger property as your needs change or whether you think it means borrowing as much as you can, buying bigger properties, sometimes 2nd or 3rd homes and...
don't see how that is saving anything. The object is housing for everyone and a system fair for everyone
I want a system where those struggling to get on the ladder, those who cannot afford high rents, those who are stuggling to get a mortgage, those struggling to keep up or have negative...
Private Properties are homes for people to live in, not for speculators to profit from which inflates the housing bubble.
Tax the shit out of anyone taking advantage of other people. While we're at it, windfall tax on the banks please. Plough it all back into help to buy and newbuild schemes...
From your situation it would appear you have no mortgage hence, all the rent you receive is profit, not sure if that is taxable in the UK but I would slap a 60% levy on that. That's not even considering you are taking money out of the UK economy
Oh so it's changed again. The renters work hard, earn their salary to pay you rent which you use to live rent free in Europe?
Not having a pop at you but the system. I'd levy a 60% tax on any profit
Oh I see, so you bought it when you had the opportunity when property was more affordable and now rent to those that don't have the same opportunites using their earnings to bolster your wealth?
The real stinger in this country is you have to pay a large fee everytime you renew, hence they only offer short term deals, pure profiteering. In countries like Germany they are more heavily regulated to work for the consumer, remember all that silly EU regulation we need to get rid of? Our...
It's making banks richer dressed up as helping people buy homes, by a billionaire banker PM who was an architect of the last financial crash. A Prime Minister and government heavily invested in the wealth of financial institutions and landlord backers at the expense of the ordinary public. Big...
Not being funny but everyone knew the days of cheap borrowing would end at some point and people should have prepared, it is easy to calculate what your repayments would be if the base rate was 5% back when the rate was 0.25%. borrowers should have saved the difference and paid back capital...