four-wheel-drive Posted September 7, 2014 Report Share Posted September 7, 2014 There is another - tax. Immovable assets are ripe for the picking by some future socialist government - particularly anyone with > 1 home. To be honest about it I would back a low like that 100% if it was not for people buying up all of these homes then honest working people may stand a chance of buying one this may be a contradiction with what I said about investing in homes to me it is wrong but I admit that it is a good investment put down a deposit and rent it out and they buy it for you who would not do that if they had the chance. Quote Link to comment Share on other sites More sharing options...
aris Posted September 7, 2014 Report Share Posted September 7, 2014 To be honest about it I would back a low like that 100% if it was not for people buying up all of these homes then honest working people may stand a chance of buying one this may be a contradiction with what I said about investing in homes to me it is wrong but I admit that it is a good investment put down a deposit and rent it out and they buy it for you who would not do that if they had the chance. High house prices have more to do with supply & demand, and low interest rates. Increase supply and hard working people will be able to buy an affordable home. Bring down the cost of transport (public transport in particular), and people may well be willing to live further out rather than crowding around metropolitan areas where there may well be no more space to build. Quote Link to comment Share on other sites More sharing options...
AVB Posted September 7, 2014 Report Share Posted September 7, 2014 If you can afford it in this country you cannot go wrong with buying houses as I see it there are only three ways that houses in the uk will drop in price or if they do they will soon *** up again ( a plague that kills off half of the population ) ( WW3 again killing lots of people) ( a communist takeover those days are long gone ) just as long as there are to many people and not enough houses you cannot loose. This swearing filter does my head in at times I think it has got a dirty mind finding double meanings to everything. I don't share your optimism on property FWD. A lot of people in Ireland and Spain lost their shirts on believing that property price increases were a given. In fact in the UK only two regions, the South East (inc. London) and the East, have seen average house prices rise to above the 2007 peak. So for many that is 7 years and still showing a loss. Quote Link to comment Share on other sites More sharing options...
Mungler Posted September 7, 2014 Report Share Posted September 7, 2014 (edited) It's supply in the right areas and in the south east it's a heady mix of rail links to London and schools that pulls the prices up. You just can't compare what's happened in Ireland and Spain. Here the buoyant market is completely tied to London and we're a small island, we have too many people and we have run out of development land round London. Indeed, the net immigration figures show people leaving the likes of Italy and Spain to come here - and where are they going to live? If prices were to come down in the South East it would be due to the City tanking or a massive relaxation on green belt development. It's all a bit toppy now in residential now. A minor diversification in property would be to look at something commercial and shove it into a SIPP. Edited September 7, 2014 by Mungler Quote Link to comment Share on other sites More sharing options...
Munzy Posted September 7, 2014 Report Share Posted September 7, 2014 It's supply in the right areas and in the south east it's a heady mix of rail links to London and schools that pulls the prices up. You just can't compare what's happened in Ireland and Spain. Here the buoyant market is completely tied to London and we're a small island, we have too many people and we have run out of development land round London. Indeed, the net immigration figures show people leaving the likes of Italy and Spain to come here - and where are they going to live? If prices were to come down in the South East it would be due to the City tanking or a massive relaxation on green belt development. It's all a bit toppy now in residential now. A minor diversification in property would be to look at something commercial and shove it into a SIPP. ...what he said! Quote Link to comment Share on other sites More sharing options...
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