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POOR landlord 'Tory voters'; Tories 'hurting' landlords
Topic Started: Nov 28 2015, 03:24 PM (149 Views)
skwirked
On Enforced Vacation
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Quote:
 
Claire Freer wanted to start out as a property investor – but is having second thoughts

With the stamp duty increase and withdrawal of tax relief, the Tories have 'killed buy-to-let for the middle-classes'

The Government has dealt a second body-blow to private landlords in six months with the announcement that from April 1 next year the stamp duty payable by investors will be thousands of pounds higher.

Small landlords, most of whom are Conservative voters, are horrified that the party – 91 of whose 330 MPs are themselves landlords – is continuing what they describe as a "deliberate and focused policy to drive us out of business so that only the largest companies can benefit”.



:'( :'(

Poor Tory voters. The Tories are very compassionate, but they 'accidentally' kicked these people in the balls; steel toecap.






!jk!

Deary me..what next? Corporate CEOs demanding they be allowed to pay below NMW..oh wait!

And so on..

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12020298/One-in-three-Tory-MPs-own-buy-to-lets-but-theyve-wrecked-it-for-everyone-else-say-landlords.html
Edited by skwirked, Dec 2 2015, 08:30 AM.
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skwirked
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http://www.theguardian.com/money/2015/feb/09/private-landlords-gain-26-7-billion-uk-taxpayer-generation-rent

Maybe it's about time these greedy buggers got cut down to size. 14-26bn in subsidies is rather a lot!
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C-too
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Honourable Member
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skwirked
Nov 28 2015, 03:24 PM
Quote:
 
Claire Freer wanted to start out as a property investor – but is having second thoughts

With the stamp duty increase and withdrawal of tax relief, the Tories have 'killed buy-to-let for the middle-classes'

The Government has dealt a second body-blow to private landlords in six months with the announcement that from April 1 next year the stamp duty payable by investors will be thousands of pounds higher.

Small landlords, most of whom are Conservative voters, are horrified that the party – 91 of whose 330 MPs are themselves landlords – is continuing what they describe as a "deliberate and focused policy to drive us out of business so that only the largest companies can benefit”.



:'( :'(

Poor Tory voters. The Tories are very compassionate, but they 'accidentally' kicked these people in the balls; steel toecap.






!jk!

Deary me..what next? Corporate CEOs demanding they be allowed to pay below NMW..oh wait!

And so on..

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12020298/One-in-three-Tory-MPs-own-buy-to-lets-but-theyve-wrecked-it-for-everyone-else-say-landlords.html
Best news Labour has had for some time, pity they won't feel the full benefit of it under Corbyn.
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skwirked
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The "money power"/right-wing tp media (as you say) will prob prove you right, the fickle voting public will swallow any aul bollox.
Edited by skwirked, Dec 1 2015, 04:24 PM.
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ranger121
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Topic title changed - mod.
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Tigger
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The bank of England has identified BTL as one of the major threats to the economy, the problems from the fiscal point of view are that most BTL properties are bought on interest only mortgages which may become unaffordable when interest rates rise, also tenants cannot be milked indefinitely unless the state picks up the tab.

The social implications are also bad for the Tories, less home owners = less Tory voters = more BTL parasites = lack of social mobility = declining economic prospects, as yet more leveraged money fuels an even bigger property bubble.
Edited by Tigger, Dec 1 2015, 08:50 PM.
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Steve K
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Once and future cynic
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skwirked
Dec 1 2015, 03:05 PM
http://www.theguardian.com/money/2015/feb/09/private-landlords-gain-26-7-billion-uk-taxpayer-generation-rent

Maybe it's about time these greedy buggers got cut down to size. 14-26bn in subsidies is rather a lot!
That article was February, have they updated their analysis following the recently announced clampdown on Buy to Let monies?
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RJD
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Not only, Buy-to-Let property owners are a lot more sensitive to interest rate increases, such is surely just around the corner. Be sure of one thing ands that is all the additional costs placed by the Gov. on Landlords shoulders will find it's way, eventually, into the cost of rent.
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LINK

Quote:
 
Prices in the UK commercial real estate (CRE) market have risen significantly and the funding of investments is becoming riskier"


Increase risks and either the investor will refuse the opportunity to invest or require a greater degree of cover.

It is all very simple 1:2:3 market economics.
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skwirked
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Tigger
Dec 1 2015, 08:49 PM
The bank of England has identified BTL as one of the major threats to the economy, the problems from the fiscal point of view are that most BTL properties are bought on interest only mortgages which may become unaffordable when interest rates rise, also tenants cannot be milked indefinitely unless the state picks up the tab.

The social implications are also bad for the Tories, less home owners = less Tory voters = more BTL parasites = lack of social mobility = declining economic prospects, as yet more leveraged money fuels an even bigger property bubble.
!jk!

Love love love the fragmentation in this country. Dear me, the BoE is sticking its boot in on an important aspect of our fake housing bubble/Tory housing policy.

And the Tories on here see fit to celebrate this govt's achievements wrt housing?

:facepalm:
Edited by skwirked, Dec 10 2015, 11:13 PM.
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Tigger
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skwirked
Dec 10 2015, 10:59 PM


Love love love the fragmentation in this country. Dear me, the BoE is sticking its boot in on an important aspect of our fake housing bubble/Tory housing policy.

And the Tories on here see fit to celebrate this govt's achievements wrt housing?

:facepalm:
Demographic time bomb.

As the selfish boomers die off the next generation will find themselves handing over ever larger amounts of money to landlords and other waste of space parasites, this will see the destruction of the base supporting the Tories as home ownership becomes nigh on impossible unless you are either wealthy or are lucky enough to inherit.
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