Quote:
Originally Posted by Taf
The only way to stop the growth of the bubble would be to build more homes than were required. And with the present demand that would take a building revolution which we are always told is "planned" but never happens.
Oh, and make buy-to-let a lot less easy and lucrative for the vultures.
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That'll be the "vultures" that provide millions of people with a roof over their head then.
---------- Post added at 23:47 ---------- Previous post was at 23:44 ----------
Quote:
Originally Posted by pip08456
Done.
"Not long ago it was the investment for choice of the middle classes. "My buy-to-let is my pension," was the refrain of the two million strong army of small landlords.
But in less than two years this form of investment has been all but destroyed.
A series of tax and regulatory changes, spearheaded by former Chancellor George Osborne, has left landlords reeling - even though the full implications are yet to be felt.
Middle-class mortgaged landlords will be hardest hit, with the retirement plans of many thrown into disarray.
Large-scale landlords and those operating as companies will escape largely unscathed, however.
Last year the buy-to-let boom peaked, with a 26pc rise in lending to investors and £15.6bn lent to landlords to buy property. "
http://www.telegraph.co.uk/investing...-in-16-months/ |
Making this the only type of business where you are taxed on turnover and not profit. Wonder if they'll apply the same rules to Starbucks et al...
All that's going to happen is that rents are going to sky rocket.