Cable Forum - View Single Post - Pay millennials £10,000 and tax working pensioners

tweetiepooh · 09-05-2018, 10:30

What will 10k get you in the housing market, especially towards the south.

I do think though that something should be done to curb property as an investment (or simply as an investment). There will be a need for rental properties and since most people do borrow to buy property values should rise else why take the loan? We have a problem that there is too much property as an investment, not helped by all the TV programmes showing how you can buy cheap, do up and sell high.

One problem is not just prices but the price differential. This can stop people moving up, vacating smaller properties to let people in at the "bottom". We can't afford to move to a bigger house so (like many others) we've extended (loft) and added 2 more bedrooms and a bathroom for far less than moving. This could be also due to people living longer and not moving "down" once the children have flown the nest, often because it's the "family home" and the place everyone can gather.

09-05-2018, 10:30	#18
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,332	Re: Pay millennials £10,000 and tax working pensioners What will 10k get you in the housing market, especially towards the south. I do think though that something should be done to curb property as an investment (or simply as an investment). There will be a need for rental properties and since most people do borrow to buy property values should rise else why take the loan? We have a problem that there is too much property as an investment, not helped by all the TV programmes showing how you can buy cheap, do up and sell high. One problem is not just prices but the price differential. This can stop people moving up, vacating smaller properties to let people in at the "bottom". We can't afford to move to a bigger house so (like many others) we've extended (loft) and added 2 more bedrooms and a bathroom for far less than moving. This could be also due to people living longer and not moving "down" once the children have flown the nest, often because it's the "family home" and the place everyone can gather. __________________ 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.