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sean Downsizer Moderator
Joined: 28 Oct 2004 Posts: 42219 Location: North Devon
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Jonnyboy
Joined: 29 Oct 2004 Posts: 23956 Location: under some rain.
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Behemoth
Joined: 01 Dec 2004 Posts: 19023 Location: Leeds
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Andy B
Joined: 12 Jan 2005 Posts: 3920 Location: Brum
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Northern_Lad
Joined: 13 Dec 2004 Posts: 14210 Location: Somewhere
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tawny owl
Joined: 29 Apr 2005 Posts: 563 Location: Hampshire
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Posted: Tue Jul 05, 05 1:51 pm Post subject: |
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Andy B wrote: |
Wont it seriously devalue the current market if they build loads putting a lot of people at risk of negative equity, or will investors buy them hold onto them for a while, sidestepping any quick buck routes and then make a killing further down the line. And why do we need masses more houses when the population is fairly static with an increasing number of OAP's whos numbers will start declining anyway? Then we will have more houses then we need and even more problems for the housing market. |
The only people it might affect are those people who have bought up lots of houses to let - they may well find they won't have the people to rent, and personally, I don't think that's a bad thing. I read somewhere about some couple who had over 400 houses, and as they were buying a house every month and that was a while ago, it's probably up to 500 now. I think should be stopped; I've no objection to someone owning another house, or even a few, but housing stock isn't like shoes; you can't just go out and buy a cheaper one if you don't like what's available, and depriving nearly 500 people of the chance to buy their own houses I think is immoral (Rant). In addition, as the price goes up (because there are fewer houses available), more people are forced into renting, thus rents go up, making it even more attractive to buy to let, thus cutting the number of houses more, and so on. Having rent protection. like they do in a lot of European countries would help there.
Another thing that would help of course (and clear up some of the congestion) is for corporations and goverment departments to move out of the southeast, so people can work in cheaper areas. There are still plenty of homes in the North that are round about the 60-grand mark. Cutting stamp duty would help as well - houses in Ireland for instance, don't attract any stamp duty for first-time buyers up to about �250,000, whereas here we're paying it from �60,000 upwards, and more and more people are caught in that net every year. |
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Celtic Mike
Joined: 10 Aug 2005 Posts: 7
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Bernie66
Joined: 14 Jan 2005 Posts: 13967 Location: Eastoft
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Blue Peter
Joined: 21 Mar 2005 Posts: 2400 Location: Milton Keynes
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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tahir
Joined: 28 Oct 2004 Posts: 45674 Location: Essex
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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tahir
Joined: 28 Oct 2004 Posts: 45674 Location: Essex
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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