Quote:
Originally Posted by Ignitionnet
http://www.dailymail.co.uk/news/arti...ied-homes.html
Please do feel free to actually read the story without commenting, in a complete contrast to many of those who commented. The comments on the Fail you'd think they were on about frog marching people at gun point from their homes.
My thoughts - good idea, some will want to downsize and would rather save utility payments, etc, but the tax system prevents it. The supply will ease pressure at the higher end of the owner-occupier market thus easing it further down the chain.
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Then a further shortage of 1bed/2bed properties after tho (already a shortage). It just moves the problem from part of the market to another, although I agree 'if' they losing money downsizing its silly.
---------- Post added at 19:31 ---------- Previous post was at 19:30 ----------
Quote:
Originally Posted by martyh
I think before the government try anything like this they need to make it possible for people to enter the housing market should they wish to .Lower house prices ,lower deposits ,employment and wage levels all to be addressed first because this whole scheme depends on first time buyers being able to afford to buy a house ,it's no good having a glut of decent houses on the market if nobody is able to buy them
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indeed. To help address that there probably needs to be a cap on buy to let of some sort as well, and regulate that more as well.