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Post by hammerhead on Aug 2, 2021 16:08:58 GMT
Ah well - win some, lose some
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rick49
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Post by rick49 on Aug 4, 2021 14:10:09 GMT
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Post by perrykneeham on Aug 4, 2021 16:03:56 GMT
Shocking figure that 55% of parents expect financial support from their kids in retirement.
I certainly don't sub my folks but probably do the IL's.
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rick49
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Post by rick49 on Aug 4, 2021 16:37:12 GMT
Shocking figure that 55% of parents expect financial support from their kids in retirement. I certainly don't sub my folks but probably do the IL's. whats shocking about it? they shouldn't get any support from their kids after raising them for 18 years and then paying a fortune to put them through college? |
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Post by perrykneeham on Aug 4, 2021 16:53:34 GMT
I'm not against it. I'm surprised at the proportion.
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ootlg
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Post by ootlg on Aug 5, 2021 6:12:53 GMT
Everyday property speculators forcing up prices should be taxed out of existence. Bank rates shite, bit of spare to think about - hey let's buy another house. Prices zoom and the young are screwed.
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Post by perrykneeham on Aug 5, 2021 6:46:01 GMT
The problem is that markets are as markets do. The fact is land is technically scarce i.e. they aren't making it any more.
If you accept that people need houses then those houses need to be built and .... here's the rub ..... maintained. It's worth remembering that property works on a fifty year cycle in term of its economic viability before a major refit, unless it is scrupulously maintained. Think about all those beautiful Georgian and Victorian terraces in Chelsea and how they've gone from grand dwellings to flats to bedsits to dereliction to redevelopment etc.
Something has to pay for that maintenance and it won't be people who are living there for free or on a subsidy. So, the government (your taxes) or rent. The electorate have decided that we can't afford to have local authorities owning and - more importantly - maintaining property stock so the private sector is the only viable option. Step forward Ming.
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ootlg
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Post by ootlg on Aug 5, 2021 7:08:09 GMT
Yes, that's the status quo. But how do we get younger generations of all social standing, not just the kids of wealthy parents, onto the housing ladder? I suggest taxing heavily those buying for investment, not pukka housing companies.
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Post by perrykneeham on Aug 5, 2021 7:18:20 GMT
Well, there are two markets, I suppose: owning and renting. It may well be that we're moving away from the tradition owner-occupier market and toward the European model of renting.
Getting on the property ladder is very much a social construct.
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Post by perrykneeham on Aug 5, 2021 7:21:04 GMT
Taxation isn't the answer in itself. A tax on unoccupied properties or second homes would be better, I expect.
We should be rewarding Ming if he is providing housing. Within reason.
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Post by Minge är en jävla besserwisser on Aug 5, 2021 7:53:05 GMT
Yes, that's the status quo. But how do we get younger generations of all social standing, not just the kids of wealthy parents, onto the housing ladder? I suggest taxing heavily those buying for investment, not pukka housing companies. You already pay 40% more CGT on residential property than you do on other investements. |
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ootlg
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Post by ootlg on Aug 5, 2021 7:55:58 GMT
CGT on what? The resale value, surely?
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Post by Minge är en jävla besserwisser on Aug 5, 2021 8:02:58 GMT
When you sell. Discourages selling. So you hang onto them.
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ootlg
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Post by ootlg on Aug 5, 2021 8:15:35 GMT
Yes, exactly, 'cept on principal place of residence. No, I'm suggesting taxing those I call part-time property speculators who're investing a bit of cash because the banks aren't offering a return. Or as Baloo says, empty properties or second-homers.
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ootlg
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Post by ootlg on Aug 5, 2021 8:17:43 GMT
It's worse here. If you have a principal residence with land and you want to sell part of the land, you have to pay CGT on that, which is absurd. It drives prices up.
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Post by Repat Van on Aug 5, 2021 9:12:28 GMT
Shocking figure that 55% of parents expect financial support from their kids in retirement. I certainly don't sub my folks but probably do the IL's. Is that shocking? Part of the criticism childless / childfree individuals get is “who will look after you when you’re older?!?!” and much of that “looking after” comes down to physical and financial support. |
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Post by Repat Van on Aug 5, 2021 9:14:29 GMT
Shocking figure that 55% of parents expect financial support from their kids in retirement. I certainly don't sub my folks but probably do the IL's. whats shocking about it? they shouldn't get any support from their kids after raising them for 18 years and then paying a fortune to put them through college? In fairness the kids didn’t ask to be born. A parental obligation therefore exists but there should be none on the kids. (And not all parents pay a fortune to put their kids through uni. I would suspect a large proportion don’t). |
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Post by perrykneeham on Aug 5, 2021 10:09:35 GMT
Shocking figure that 55% of parents expect financial support from their kids in retirement. I certainly don't sub my folks but probably do the IL's. Is that shocking? Part of the criticism childless / childfree individuals get is “who will look after you when you’re older?!?!” and much of that “looking after” comes down to physical and financial support. Sorry, I was forgetting how selfish you are. |
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Post by Repat Van on Aug 5, 2021 10:37:09 GMT
Is that shocking? Part of the criticism childless / childfree individuals get is “who will look after you when you’re older?!?!” and much of that “looking after” comes down to physical and financial support. Sorry, I was forgetting how selfish you are. It’s selfish to not be shocked that a lot of people have kids as a means of providing them support in old age? Whut? That’s nonsensical even by your standards. |
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voice
New Member
Goals are a form of self inflicted slavery
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Post by voice on Aug 5, 2021 12:55:47 GMT
There's a speculation TAX here in BC, they put in on a few years ago as so many new condo buildings were getting bought up and the condos sitting empty as its a way for, mostly Chinese nationals, to get money overseas, there's also an empty home tax that goes along with it, partly to bring rental stock onto the market and partly to put a dampener of stuff like AirBNB thats took a huge chunk out of the rental stock. Its having mixes success, hasn't really stopped the forign parking of money as they consider it the cost of doing business, but has put a fair amount of empty properties and AirBNB properties back into the rental market.
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