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March 22 2019 2.45pm

The Great London House-Price Softening

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View SW19 CPFC's Profile SW19 CPFC Flag Addiscombe 14 Feb 19 9.59pm Send a Private Message to SW19 CPFC Add SW19 CPFC as a friend

Originally posted by Stirlingsays

Yep.

We need new cities let alone new homes!

The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own.

Tory, Labour or whatever, they are all culpable and all a complete and utter shower.

Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office.

Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay.

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). Itís such a massive part of our culture that itís impossible to change it.

 


said the rabid giraffe whilst brandishing his throbbing member of reason, and twas ever thus.

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View W12's Profile W12 Flag 14 Feb 19 10.09pm Send a Private Message to W12 Add W12 as a friend

Originally posted by SW19 CPFC

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). Itís such a massive part of our culture that itís impossible to change it.

The political class no longer seem to see beyond their own life span.

Itís interesting that most of the major leaders of the West other than Trump have no children. Perhaps a coincidence. Perhaps.

 

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View Lyons550's Profile Lyons550 Flag Shirley 15 Feb 19 3.45pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Tom-the-eagle

Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties.

Just like any market - there are winners and losers.


I'm one of those poor developers you mention however I have not purchased any properties in the south for nearly two years due to not wanting to buy during a falling market. Recently I have been buying exclusively up north where house prices have carried on rising and yields are almost double. I am however, now looking to buy locally again, just waiting until we hit the bottom.


Planning another trip to Hull myself in a few weeks for the same reason.

 


The Voice of Reason In An Otherwise Mediocre World

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View Lyons550's Profile Lyons550 Flag Shirley 15 Feb 19 3.46pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Tom-the-eagle

Next he'll be telling us that the internet will take off

...and that 'Garlic bread is the future'

 


The Voice of Reason In An Otherwise Mediocre World

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View Lyons550's Profile Lyons550 Flag Shirley 15 Feb 19 3.55pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by SW19 CPFC

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). Itís such a massive part of our culture that itís impossible to change it.


Whilst I agree to an extent the changes in Sec.24 that relate to reducing the amount of Mortgage Interest Tax relief is doing a fair amount, as Landlords who own properties outside of a business (and therefore largely unregulated) are trying to sell off properties before it comes into full force (ie. no tax relief at all) in around 15months time.

This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers.

In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means.

 


The Voice of Reason In An Otherwise Mediocre World

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 15 Feb 19 4.23pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by Lyons550


Whilst I agree to an extent the changes in Sec.24 that relate to reducing the amount of Mortgage Interest Tax relief is doing a fair amount, as Landlords who own properties outside of a business (and therefore largely unregulated) are trying to sell off properties before it comes into full force (ie. no tax relief at all) in around 15months time.

This is flooding the market with properties in certain areas pulling prices down as they fight to get buyers.

In addition the legislation around HMO's is being tightened and is weeding out a lot of unscrupulous Landlords who've made money on the back of others through nefarious means.

Section 24 will I believe have several effects.
I think you are right that there have been a lot of amateur landlords selling up which is partly responsible for dampening the housing market (over supply for the first time in years) but what I think will also start to happen is that in a few years time there will be in effect be less buy-to-let properties to let out there which will then of course push up rental prices for what is available through lack of demand.

The landlord very rarely loses just as long as his portfolio is under the umbrella of a Limited Company.

Let me know how you go with Hull Lyons, very interested to hear what sort of yields you achieve.

Think Hull could be a property hotspot now its been capital of culture etc.

Good investment fella.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View .TUX.'s Profile .TUX. Flag 15 Feb 19 8.49pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by SW19 CPFC

Completely agree

But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). Itís such a massive part of our culture that itís impossible to change it.

And there lies the problem. Nothing is ever about our country.

 


Buy Litecoin.

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