Countdown to the Budget
- Thread starter Uther
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There is expected to be a strong demand for houses from FTB and with not enough new houses being built, the prices will only go one way. The only winners are those about to complete in the next few months.
They did, I wondered how they came to that conclusion....probably worked out by the same people who estimated only 13,000 polish would come over with FOM
Wouldn’t be surprised if house prices rise more than 0.3% now. Too much demand-side tinkering is stoking price growth. Exactly what I said earlier about long term targets which very few people will remember. A million extra homes in the Oxford-Cambridge corridor by 2050 is an example, another aim which will fade from memory like a Soviet era dissident.
Garden cities and eco towns is another that gets trotted out (by both sides). Fairly staple fare, wish someone would be a bit more radical/innovative.
Garden cities and eco towns is another that gets trotted out (by both sides). Fairly staple fare, wish someone would be a bit more radical/innovative.
OBR already saying it will just push house prices up. That worked well then.
The only thing that's going to sort the housing crisis out is massive new wave of social housing construction by local councils. We're never going to see that under a Conservative government (or even most Labour governments).
Bold policies such as?
Here's some fine print I didn't pick up on yesterday :-
The 0% Dividend Allowance is being reduced from £5000 to £2000 from Apr 18
The Marriage Allowance is to be extended to cover deceased spouses and civil partners and can be backdated for 4 years from 27th Nov 17
Help to Save accounts will be available no later than Apr 18
A review has been called to look into the validity of Rent a Room relief
Class 2 NI for the self employed was to be abolished from Apr 18, this has now been deferred to Apr 19
The 100% writedown (FYA) of 0% emission goods, equipment and cars was due to be scrapped in Mar 18, but has been extended by 3 years
A consultation in 2018 on IR35 to extend the restrictions in the public sector to the private sector
A relaxation on employee business, travel and meal expenses
Changes to Redundancy and PILON payments and how they are taxed and now incur NI have been delayed until Apr 19
Increase on company car charges for low emission vehicles from currently 9% to 13% Apr 18 and 16% Apr 19
Income tax exemption for allowances paid to the Armed Forces for private renting
Nil band of IHT is frozen at £325,000 until Apr 21
The 0% Dividend Allowance is being reduced from £5000 to £2000 from Apr 18
The Marriage Allowance is to be extended to cover deceased spouses and civil partners and can be backdated for 4 years from 27th Nov 17
Help to Save accounts will be available no later than Apr 18
A review has been called to look into the validity of Rent a Room relief
Class 2 NI for the self employed was to be abolished from Apr 18, this has now been deferred to Apr 19
The 100% writedown (FYA) of 0% emission goods, equipment and cars was due to be scrapped in Mar 18, but has been extended by 3 years
A consultation in 2018 on IR35 to extend the restrictions in the public sector to the private sector
A relaxation on employee business, travel and meal expenses
Changes to Redundancy and PILON payments and how they are taxed and now incur NI have been delayed until Apr 19
Increase on company car charges for low emission vehicles from currently 9% to 13% Apr 18 and 16% Apr 19
Income tax exemption for allowances paid to the Armed Forces for private renting
Nil band of IHT is frozen at £325,000 until Apr 21
Cancelling Brexit would be a bold one with an immediate positive impact!
Someone has to keep pointing it out. Cancelling it would cause an instant jump in the value of the pound and immediately remove the inflation that is blighting millions of households across the UK.
No they don't, right or wrong the country voted to leave so get over it.
Caporegime
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This attitude makes no sense.
If the decision becomes plainly obvious it's the wrong one, then going through with it is madness.
who says it's plainly obvious it's wrong?
well he hasn't, if you haven't noticed we haven't left yet.
secondly, a massive drop will help very few people. as teh economy as a whole will be in tatters, people will be losing their jobs, banks wont want to lend, interest rates would be much higher, so careful about what you wish for. So unless you are rich, good luck with that making it work for you.
people don't seem to think about why house prices would fall and the impact it would have on them.
\we need a decade of stagnation.
Caporegime
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I didn't.
I said "if".
The attitude "get over it" is pathetic, if it turns out to be the wrong decision (which I feel it is) then we'd surely be commending those still resisting.
Caporegime
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- Dormanstown.
People going negative equity and houses falling isn't exactly something that is considered good.
It seems I've been posting the same housing policies for a few years now!
There's really a huge amount that the government could do to fix the housing crisis. What they don't seem to understand is that this is probably one of the main reasons we're in such a mass (Brexit aside, obviously- Tax second homes, massively
- Bigger council tax bills for second homes (not a discount for crying out loud!)
- Wipe out all tax breaks for landlords
- Create better legislation for tenants (longer tenancies, better protection etc.)
- Introduce rent control, i.e. prevent rents increasing more than RPI+1%
- Seize empty homes that have been bought to simply rise in value and make a profit for their absent owners
- Ban 'companies' buying homes and all the tax dodges that go with it
- Ban foreigner nationals buying properties (before you cry 'racist' why should somebody who lives in another country need to own a home in Central London?)
- Better legislation against NIMBYs worried about their houses dropping in value and preventing more homes being built
- Prevent housebuilders from marketing properties overseas (with Boris in tow
- Potential owner-occupiers should get priority over all BTL offers in the marketplace, by default. No questions
- Reward pensioners for downsizing
). If young people had no issues buying their first homes at 25 years old, and weren't paying rent through the nose to line the pockets of the landlord-class we'd be a lot happier in general. But no. Let's stick a plaster over the real issue and offer something that won't really apply to most potential FTBs in the south east I had a brief look at flats for sale in Hammond's constituency, doesn't he realise it's pretty hard to find a 2 bed flat for under £300k? How out of touch is he exactly? Muppet.Negative equity is only a bad thing if you want to move. Presumably if you're paying a mortgage you've accounted for any change in payments and can afford to pay it off. House prices falling is a good thing for everybody apart from investors, which unfortunately are the ones that seem to be well catered for in our economy.