sooo... our beloved new pm thinks that by building thousands on new, affordable houses this will help to keep prices down and make it easier for first time buyers to get on the property ladder.

 

will this really help ?, what are the alternatives?

Nope, they will merely be snapped up by speculators who already own properties and be rented out

 

Limiting the number of homes anyone can own in this country would be more effective (I know some people who have 6 or 7 homes and live in 1 and just have the others for investment)

Nope, they will merely be snapped up by speculators who already own properties and be rented out

 

Limiting the number of homes anyone can own in this country would be more effective (I know some people who have 6 or 7 homes and live in 1 and just have the others for investment)

 

^ Full truth.

Nope, they will merely be snapped up by speculators who already own properties and be rented out

 

Limiting the number of homes anyone can own in this country would be more effective (I know some people who have 6 or 7 homes and live in 1 and just have the others for investment)

 

m8.... on that tv prog 'homes under the hammer' property developers have portfolios of hundereds of houses. all to often some guy owns half the street, whilst another bought (and rented) one house per year for 20 years, then hopes to sell 1 house per year for 20 years... theres a guy who went to auction, bought a house for 45k, got a mortgage for 60k, spent 7k doing it up, rents it out (the rent more then covers the mortgage)... he made 8k out of the extra mortgage, making as the property increases in value, and makes off the rent. with facts like this, you cant lose.

 

im not sure why you are against speculators though, free market enterprise was the backbone of tory policies in the 80's.

m8.... on that tv prog 'homes under the hammer' property developers have portfolios of hundereds of houses. all to often some guy owns half the street, whilst another bought (and rented) one house per year for 20 years, then hopes to sell 1 house per year for 20 years... theres a guy who went to auction, bought a house for 45k, got a mortgage for 60k, spent 7k doing it up, rents it out (the rent more then covers the mortgage)... he made 8k out of the extra mortgage, making as the property increases in value, and makes off the rent. with facts like this, you cant lose.

 

im not sure why you are against speculators though, free market enterprise was the backbone of tory policies in the 80's.

 

I believe in the free market but only when it is not detrimental to the greater good of the public which is why for example I am in favour or renationalising the railways for instance as the general public are suffering in both prices and safety, likewise when millions of young people are being unable to get a foot on the property ladder because speculators are pushing up prices then that is not in the public interest and therefore controls need to be bought in so that everyone has a fair shot in the housing market, having speculators owning dozens of homes for profit when young people are having to rent or live with parents because all the houses have been bought up for profit is not in the public interest and the greater good of the public and it is time something was done about it

Edited July 11, 200718 yr by Vic Vega

I believe in the free market but only when it is not detrimental to the greater good of the public which is why for example I am in favour or renationalising the railways for instance as the general public are suffering in both prices and safety, likewise when millions of young people are being unable to get a foot on the property ladder because speculators are pushing up prices then that is not in the public interest and therefore controls need to be bought in so that everyone has a fair shot in the housing market, having speculators owning dozens of homes for profit when young people are having to rent or live with parents because all the houses have been bought up for profit is not in the public interest and the greater good of the public and it is time something was done about it

 

happen so... but its hardly a 'thatcherite' viewpoint :)

happen so... but its hardly a 'thatcherite' viewpoint :)

 

I guess we all mellow in our old age lol

 

While I agree with a lot of what she did I never have supported every single thing she did

won't the buyers be means tested, though? Ensuring that the people buying them are actually first-time buyers without hundreds of thousands in the bank?

won't the buyers be means tested, though? Ensuring that the people buying them are actually first-time buyers without hundreds of thousands in the bank?

 

dunno russ... ive not heard that...

Nope, they will merely be snapped up by speculators who already own properties and be rented out

 

Limiting the number of homes anyone can own in this country would be more effective (I know some people who have 6 or 7 homes and live in 1 and just have the others for investment)

 

Totally agree Craig.. What really needs to be done is more "Social Housing" to be built and more "Housing Co-Operatives" to be set up... Brown's plans will backfire for the very reasons you have outlined... Unless he has some way in which Property Speculators will be barred from ownership of those particular houses....... :thinking:

Nope, they will merely be snapped up by speculators who already own properties and be rented out

Speculating as a house buyer only works while demand excess supply.

As there are more houses built(excessing demand) speculators would get less rent and demand reduces and ultimately the value of the houses go down as they are bad investments.

So the above makes no sense over the long term.

 

 

Limiting the number of homes anyone can own in this country would be more effective (I know some people who have 6 or 7 homes and live in 1 and just have the others for investment)

That's sounds a good idea at least in the short term.

One way around it is for people to have a company that manages them, although then the tax situation would be somewhat different.