Senior_AP

Naah - prefer just pissing you off.

Deep Singh

ps lewis,senior AP full of **** losers who have amounted to little. Have to fill void in their sad empty lives by trying to wind up people having a passionate but intelligent debate.
AP has amounted to less in life than some of the 'immigrants' he slags off despite being here for longer.

Senior_AP

lol. Quality, you are in fact wrong however.

PsLweis is a "troll" (I think??) or whatever it's called. I'm pasionate about somethings and that offends some people. Difference of opinion makes the world go round and I would have thought you could of appreciated that being an educated individual.

P.S. This is a public forum, and until a mod tells me otherwise i shall continue to post what I wish.

No hard feelings eh.

pslewis

Eh? who the hell are YOU? you don't know what I do or who I am ...... I do know, however, that you are a ********!!

Pete

Senior_AP

lol. The alternative way of putting it.

dpb

If tax on house sale profits ( if sold within 2 years - as in france ) were implemented here - would we still have absurdly priced houses.?.......

pbee

err house profits are taxed.

if you move more than twice in two years (disregarding relocating for work ect) and make profit and have even as much as painted a wall then you are classed as a property developer. 40 % tax kerching.

Tis why property developers either take on big projects that will take 2 years or live in for a little to avoid the tax issue. These programs on TV about developing to sell, and go on about the huge profits made always miss out that you can do that once, when you are doing it as a source of income the taxman will have your *****.

VTEC to Turbo

Life is not fair our little socialist friend, but the fact of the matter is that it is a very clever policy. (I am a young professional who can't get on the property ladder).

The right to buy means that Council houses which are bought by long term tenants are taken away from the cost of the local council. i.e. repair bills etc, which far out weights the rent which would have been taken.

This money is then able to be used to build new council housing, which will be rented out and after a long period of time will be able to be bought at a reduced sum etc etc etc..... the cost houses are built at will be approx what is taken from the sale, so effectlively houses are built for free!!!!!

If council houses were not sold off the money to build new council houses would have to come directly from taxes! The population is growing afterall!

This policy also instills a sense of pride in people, something this nanny state fail to see!

If they were made to 'GET OUT' as you so elequently put it, we would have a far higher homeless population than we already have! Where is your logic?

andy1505

Sad to say but council houses are very rarely built nowadays.

dpb

So we are the same as France where you pay similar amounts of tax on any profit made from selling your primary residence - if you do so within 2 years ....?

Peanuts

iTrader: (15)

to those whinging about house prices and the fact they cannot afford to live where they'd like.
You dont have a right to own a house you know, let alone one where you'd put yourself, you have a right to **** all and the sooner you accept that the sooner you can begin to deal with it.

If, as it may transpire, you can only afford to live in an area that you consider to be socially below you, well that means youve found your socio-economic level.
You either buy there or you aspire to greater things.
If these things to which you aspire cost more (as they invariably do) then they take longer to purchase.
you either opt in at your level, or wait and take a chance on economic circumstances changing sufficiently to mean your level has greater purchasing power.
It pains me to say this but mr Lewis is funadamentally correct.


presently the housing market is sustaining its own level, if people stopped buying houses then vendors would have to pitch in at a lower level to attract a wider market, as people are still buying houses, vendors can still attract higher prices.
banks have helped matters by allowing people to borrow more, greater multiples of salary over longer periods, but its the muppets who take these options who are to blame, not the banks for offering it.
CCJ's almost had a negative effect by reducing the number of worthy debtors, but a niche market opened up and back street lendors saw an opportunity to make some big interest on peoples insecurity (and ability to realistically control their own finance).

if your house is worth £300k + on paper, and you only have a 50% mortgage, its not a requirement to release extra equity you know. You can still save/wait for things rather than demand them now.

Andy

pslewis

Andy, I would like to say that nuts - BUT - you have it SPOT ON!!

Those who just don't get it just sit on the bottom of the barrell blaming the government!

When someone says to me, "You're lucky"

My response is, "Indeed I am, it took a lot of hard work and graft to get this lucky!"

You make what you want of this life, get off your 4rses and STOP blaming the government!

Pete

Peanuts

iTrader: (15)

Pete, we must stop agreeing like this!
actually, I dont like the current labour govt.
more scary than Tony himself is the man waiting in the wings to launch a takeover bid!

I was ok with it all until the taxation on pensions, but that was the straw to break the camel's back.
I would leave but as has been said before Im in debt.

The real problem with this country is that a lot of the occupants have ideas way above their station.

There is a member of my family, wont name names, but the constant retort from them is "well of course its ok for you".
why is it?
because I fought like bu66ery to get out of debt?
because I saw an oppotunity and had the cohones to take it?

obviously

Chip

Your suposedly some sort of scientist and your Peter Lewis.

In other words-a ********

Chip

Flatcapdriver

First off, Happy New Year to one and all and its good to see an interesting political debate going whilst I've been on holiday.

Obviously, people do have fairly entrenched views depending on their political perspective but as someone who has dabbled in property for well over a decade I can appreciate the pros and cons of both political parties and the impact of their policies on the housing market.

As with the economy as a whole, the market depends on the confidence of people involved within it and like any market it has peaks and troughs but generally (due to inflation, rising costs, increased wealth) the housing market will, in the long term, always increase in value. In essence, the Tories main objective, whether it be the economy as a whole or individual markets such as housing or the money markets, was to deregulate them thus opening them up to market forces. What this achieved was to open up home ownership to the masses and provide affordable home ownership to people who otherwise couldn't afford to buy their own homes. Bearing in mind the majority of council house tenants did not have large incomes, in order to make this policy work the purchase price had to within their reach so to suggest that the Tories sold them off too cheaply is a facile argument, in my opinion.

This created an inevitable boom in the market, which was no bad thing but just as inevitably the bust followed and whilst no-one likes losing money (in the form of equity) here, I don't remember people whinging too much as they saw the dramatic increase in the value of their property. The legacy, however, was home ownership for the masses and its led to the UK having one of the highest home ownership populations in the world and the opportunity for market speculation. As a whole, the UK has some of the most deregulated markets in the world, not just housing but also the money and labour markets as well - essentially, if you believe in capitalism a good thing.

When Labour came into power, they adopted many of the macro economic policies of the Tories and sustained them with the possible exception of the pensions industry but that's another story. They have succeeded with the housing market primarliy by allowing the Bank of England freedom to fix interest rates that are in the interests of the economy as a whole of which housing is vitally important. They have also benefited the economy by not moving income tax, stamp duty and ancillary costs in line with inflation which has allowed them to spend the revenue in other parts of the economy. Gordon Brown has made some very astute moves on the taxation front that many don't realise which in turn has provided "fuel for the economy".

As such, both parties have brought something to the table which has in large been beneficial to the housing market which if most people could look at their achievements objectively, rather than along partisan lines would probably appreciate.

This leaves us at the end of the current boom and in my mind, the party is definitely over for the housing market - at least for the time being. In my area (the South East) I believe that property prices are currently over valued by around 25% and having sold most of my investment properties I'm waiting for a market correction to occure before dipping my toes back in the UK market. I believe that we won't see prices crash overnight but we will see a steady decline over the next twelve months or so and this is reinforced by some of the silly offers I've been putting in recently to see what happens - people have actively considered them rather than automatically dismissing them which is always a good sign from a speculative point of view. Remember also, whether you like it or not, the South East is the engine room of the UK economy and when it sneezes the rest of the country catches a cold so if you're still seeing buoyant markets elsewhere in the UK, that's because those regions haven't caught up as yet.

My advice is as follows:

If you're in the market speculatively, then stay put for a few months and wait and see what happens but if you see something you like do put in a cheeky offer to see what can be gained. If you're in the market to invest for the long term then by all means go ahead and make your purchase because in ten years or so, provided you've successfully let the property, then prices will have recovered by then. If you've recenly bought your own property and it does devalue, then provided you can maintain the mortgage payments then the same applies - short term, negative equity is painful but in the long run you're still sitting on a good investment.

Good luck.

Deep Singh

Whats the point in asking who the hell I am,c'ant you read?
What you do or who you are pales into insignificance,whats important is that you are full of sh8te,and talk it. You make assumptions about everybody/everything then find it unacceptable that people do the same about you

Senior_AP

.....good to see irony is not dead eh Deep Singh.

Atleast when i contradict myself I'm aware I'm doing it.

_Nick_

So moving twice in 2 years is ok but 3 times or more and you have to pay CGT??????

In other words do you have to live in the house for at least 12 months????

Diesel

Fundamentally selfish and incorrect Mr Robin Hood & well confused 'socialist'. It has little to do with your wondrous abilities and bleeding hands and all to do with timing.

Even a shelf stacker can manage to save £5k, however these days you need to save much more to join the 'property market ladder' - VERY challenging in the real world matey - even to those of us on over a 100k with a diesel car...!

You, like me, got in to property maybe 20yrs ago where property was AFFORDABLE - there were NONE of these current challenges or absurd inflation levels. May I suggest empathy would be a better response rather than smugness - you have done nothing cleverer than sit in your house watching telly (and posting the odd few well confused socialist postings) whilst passively reaping the (for me morally dubious) rewards of the inflation...

Off to count my cash now whilst wondering how my daughter will by a house in 20 yrs...

dpb

someone might correct me ( if they get bored with playing with each other ) , i think your right .. ............and in france its 2 years .....which goes some way toward explaining house prices in the uk..

pslewis

And I would like to post a quote from a thread our Deep Singh started regarding the popular Scoobynet Ball, where he doesn't judge ANYONE!

Quote,,,,,,,,,

"I just c'ant understand why anybody would want to go to a Ball where the common factor is the brand of car you own.I barely have enough time to spend with 'real' friends ie those I went to School/Uni/Work with and have known for years let alone those that just happen to own the same car as me.Seems a little sad.D'ont these people have any proper friends?"

A few assumptions made there then!!

Like I said, and you have proved, you are a complete and utter ****!

Pete

ajm

oh that "Find posts by..." function is a beautiful thing!

pslewis

First time I've had call to use it

It wouldn't worry me as I don't care ..... but Mr CornerShop Singh has ideas of superiority .... just popping him in his place

Pete

andy1505

He's not a die hard "no policy's" tory man is he?

pslewis

Can't be a TORY as he claims to have REAL friends and cannot understand those with Cyber friends (sad, he says) ........... not sure why he posts at all here, what with all those friends and all

Pete

dpb

hes got to learn the art of trolling somewhere....

Senior_AP

"Cornershop"?!?!?

davegtt

suprised that took 40minutes for someone to pick up on the cornershop phrase..... your very brave Mr Lewis

pslewis

Not brave at all .... I know Mr Singh and he works in my little shop round the corner here (he saw my car last weekend and we had a chat about it, he said he was on ScoobyNet and I said that he would see me there too!!)

I KNOW him and he KNOWS me!! Cornershop is just correct, nothing else! We challenged each other to wind the other up.

Pete

davegtt

OK sorry, I didnt realise you was known to each other, didnt appear that way, looked more like the thread was ending in bitchyness lol