BTL timebomb

[AtW]

Stop foreign investment

You mean stop foreigners buying UK gilts?

Stop uncontrolled immigration

It is controlled.

Tax BTL

Income from BTL already taxed.

Move to cashless society and tax the millions of polish plumbers and builders paying zero tax.

Thanks to high taxes and high cost of living (linked to it) people are already cashless and got very little in their bank accounts either - big debts as well. I don't think it's polish plumbers' fault...

[MrMarkyMark]

FTFY

Once you get established or if you bought a while ago, or if you inherited property, then you may well be doing ok.

Thought you were in the game now, d000hg

[MrMarkyMark]

Stop foreign investment

Stop uncontrolled immigration

Tax BTL

Move to cashless society and tax the millions of polish plumbers and builders paying zero tax.

You're joking, right?
Probably the worst idea, in the world, ever.

[fool]

<Diety> know why the help to buy goes above £200k.


They should help those in social housing to buy not youngsters living with 1% ers.

What if those 1%ers arent giving those young folks any money? Dont get me wrong, they usually do, but you're screwing over those who don't.

Also most of these tests are based on income. You can easily earn 1% and be nowhere near 1% of wealth. Its fairer just to deflate the balloon.

[AtW]

Its fairer just to deflate the balloon.

You can deflate balloon, but demand will only increase, it will get re inflated very quickly.

High interest rates necessary to deal with it, and building of at least 1 mln new houses every year.

[BrilloPad]

You mean stop foreigners buying UK gilts?

Most gilts are bought by the UK government via QE.

[ShandyDrinker]

Stop uncontrolled immigration

It is controlled.

With the best will in the world I think that's stretching it...

While immigration may be happening according to the laws, rules and so on, it is still uncontrolled in the sense that anyone from the EU can come into the UK and there's no way of knowing how many people can come in... hence uncontrolled.

[AtW]

Most gilts are bought by the UK government via QE.

Got proof?

[AtW]

While immigration may be happening according to the laws, rules and so on, it is still uncontrolled in the sense that anyone from the EU can come into the UK and there's no way of knowing how many people can come in... hence uncontrolled.

It's their legal right to come to UK, freedom of movement in EU.

[ShandyDrinker]

It's their legal right to come to UK, freedom of movement in EU.

Agreed, but that doesn't mean it is controlled. In theory there is currently nothing to stop all 500+ million people within the EU upping sticks and moving to the UK hence the UK has no control over if/when/how that could happen.