The Finance Thread....

[Alistair20000]

L

I’d like to add to


I’d also like to add that I see similar in the difficulties in the armed forces in recruiting people.

In addition, I reckon a lot of working class kids know they’ll never be able to save for a home they can own themselves so a few years “wasting time on pointless courses” is merely an extension to the relative carefree days of school and not succumbing to the mundanity of 50 years of work. I’m not saying it’s the right decision, I’m suggesting young folk often make poor decisions.

Learn a trade and work hard will generate more than enough to buy a house. Moreover building trade skills will open up the chance to buy up a property to renovate live in and sell on at a profit. Tax free capital gains with the right advice

 

[lamrobhero]

Moreover building trade skills will open up the chance to buy up a property to renovate live in and sell on at a profit.

Thats what everybody does on "Homes Under The Hammer" even if you've got Dion Dublin's "dodgy knees".

 

[Alistair20000]

Thats what everybody does on "Homes Under The Hammer" even if you've got Dion Dublin's "dodgy knees".

The “profits” declared on HUTH never truly count in all the costs.

 

[The Proper Chap]

The continual talk about affordable housing is a joke, most things the government do encourage price rises. The people cashing in are the builders and the tradesmen.

What was the reason for stamp duty being scrapped until March ?? It has simply encouraged another property bubble, why would you want that ??

Back in the 80's and 90's house prices would often drop / correct despite being pretty realistic, that was a healthier natural market in many ways.

 

[RedPaul]

The continual talk about affordable housing is a joke, most things the government do encourage price rises. The people cashing in are the builders and the tradesmen.

What was the reason for stamp duty being scrapped until March ?? It has simply encouraged another property bubble, why would you want that ??

Back in the 80's and 90's house prices would often drop / correct despite being pretty realistic, that was a healthier natural market in many ways.

So what's changed in terms of this market then?

I thought the 'Polish plumber' had driven down trades costs. I have no issue with tradesmen cashing in. More people should train to do it if the demand is there.

 

[The Proper Chap]

So what's changed in terms of this market then?

The market is propped up by joke interest rates and poorly thought out legislation.

 

[RedPaul]

The market is propped up by joke interest rates and poorly thought out legislation.

So how do you change it. How do interest rates of 10% help the housing market?

 

[The Proper Chap]

So how do you change it. How do interest rates of 10% help the housing market?

It's too late, that is the problem, it has been allowed to get to a situation that is very difficult to alter.

If interest rates ever returned to 3 - 4% plenty of people would be up $h1t creek, 10% would be absolute carnage.

 

[lamrobhero]

The levying of capital gains tax on principal private residences would be a good start.

 

[Alistair20000]

The levying of capital gains tax on principal private residences would be a good start.

Intellectually a sound argument. A death sentence for any government at the polls.

Just as it is folly to mess with a Frenchman’s pension rights you don’t tax an Englishman’s house sale proceeds.