Monday, 20 November 2017

STAMP DUTY BLOCKING 45,000 PROPERTY PURCHASES A YEAR
but only if Stamp Duty completely abolished!
Switch it to a mini-LVT and it would work

Sunday, 5 November 2017

ABOLISH DEATH DUTIES and replace (some of?) them with LVT revised
What a wicked idea! Abolish Death Duties, officially called InHeritance Tax—IHT. By definition, dead people have no more use for their wealth. If you are lucky enough to inherit wealth, you got to admit that you’ve done nothing to earn it.

Thursday, 19 October 2017

INDUSTRIAL CAPITALISM WILTS WHILE THE 1% RENTIER ECONOMY FLOURISHES

Michael Hudson writes a long but very well argued piece (19 Oct 2017) on this topic "Socialism, Land and Banking: 2017 compared to 1917" He says
  • " the world has un-taxed land rent and is still grappling with the problem of how to keep housing affordable. Instead it is siphoned off rent to a landlord class – more recently transmuted into mortgage interest paid to banks by owners who pledge the rental value for loans. Most bank lending today is for real estate mortgages. The effect is to bid up land prices toward the point where the entire rental value is paid as interest.
and   the only way to save society from the financial power [is] a policy of          
  •             nationalizing natural resources,
  •             fully taxing land rent
  •             and [nationalising] infrastructure and other key sectors.
Note the need to fully tax Land Rent.

You can read the full article here (wonkish and marxist!)
http://thesaker.is/socialism-land-and-banking-2017-compared-to-1917/



Tuesday, 17 October 2017

HOUSE PRICES MUST FALL!

No amount of tinkering with the housing market — help-to-buy, build on the Green Belt, more Social Housing—will fix it. Only a really good lasting crash down in the prices of houses will work. Only when we have permanently lower house prices will young people be able to get on ‘the housing ladder’ as it is quaintly called. Only when houses get a lot cheaper will they become ‘affordable’ to use the weasel-words of housing policy wonks and politicians.

Tuesday, 10 October 2017

Britain can't cope with a fall in house prices – here's why
            Alexander Tziamalis     i Newspaper 
                        Monday 9 October 2017 13:00 BST
 [I've lifted this from the i  because it explains why politicians cannot Do What It Takes to fix Housing. HOUSE PRICES MUST FALL, but here's why they won't!]

Friday, 6 October 2017


FIXING THE SNAG WITH switching SDLT to mini-LVT
                                                                                                     
Is there a problem? As I’ve said, Stamp Duty is a ‘voluntary’ tax. If you don’t want to pay it, then don’t buy a house or flat. My proposed small LVT replacement will also be ‘voluntary’.

Since the new LVT is a straight replacement for the old Stamp Duty there will be no need for parallel running while bringing it in.

But is that enough, politically? Can we rely on homebuyers forgetting how the old SDLT worked? It was steeply progressive. Cheap houses paid NO Stamp Duty. To buy a mansion in Chelsea cost a huge whack of SDLT. 

Monday, 18 September 2017

Conall Boyle, my life in houses and the housing market. 

I was born in Dublin a long time ago, 1942 to be precise.  My unusual first name is an acknowledgement of my ancestors' origins in County Donegal — Tir Chonaill 'Land of Conall' in the Irish. 

I got involved in the valuation of houses at a very early age, six or seven. This happened when I accompanied my father to many parts of Ireland (apart from the Six Counties of Northern Ireland). He was a District Valuer in the Irish Civil Service. His job was to inspect, measure up and value properties for Rating Valuations. My job was to hold the other end of the measuring tape.