If we’re going to bail out people who bought more home than they could really afford, and let them live in those homes, while the rest of us who rented small, affordable apartments stay in them, then at the very least shouldn’t the government get a lien on the homes of the people who receive that aid, so that if the value goes up, the govt can get some of the $ back and pay down the national debt?
Jake, the market was overinflated so much for so long and, you’re a contractor – you rode the wave.
Posts Tagged ‘Relief’
Should mortgage relief be in the form of an underwater reverse mortgage?
25
Feb
Time To Stop Tax Relief For Buy To Let Landlords Who Own Multiple Properties?
06
Sep
The Buy to Let Landlords have an advantage over hard-pressed first-time buyers because they benefit from tax breaks that are not available to owner occupiers.
The Inland Revenue, allows landlords to offset the costs of mortgage interest, letting agency fees, and replacement furniture and repairs, against the tax payable on rental income.
Regular buyers, however, waved goodbye to tax relief on mortgage payments back in 2000 when the government abolished Miras.
Buy-to-let investors are locusts who turn pleasant residential neighbourhoods into desolate wastelands occupied by transient tenants, stopping the growth of stable communities.
Surely if the governement stopped or limited the number of properties that the Buy to Lets bought that would stabalise the property market