Cable Forum - View Single Post - How to keep house prices low for generations to come

tweetiepooh · 21-11-2016, 12:05

It is a complex situation.
Do you punish the "normal" person who has invested in a property to provide income? Or to help a family member or friend?
Do you punish people who have invested in their property to get/help a price increase. This may be decades of "investment". And lots of money.

If all prices fell evenly then it makes it easy to move up and the differences also fall but it would hit those who are moving down. It would also hit those with large mortgages put into negative equity. They can't now sell off to pay the debt and start again.

We "know" who we want to hit but how do you frame that in a way that is specific and difficult to avoid?

21-11-2016, 12:05	#24
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,338	Re: How to keep house prices low for generations to come It is a complex situation. Do you punish the "normal" person who has invested in a property to provide income? Or to help a family member or friend? Do you punish people who have invested in their property to get/help a price increase. This may be decades of "investment". And lots of money. If all prices fell evenly then it makes it easy to move up and the differences also fall but it would hit those who are moving down. It would also hit those with large mortgages put into negative equity. They can't now sell off to pay the debt and start again. We "know" who we want to hit but how do you frame that in a way that is specific and difficult to avoid? __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.