It wasn't a serious suggestion.
I'm probably having a blonde moment, sure the intention of that was to make more homes available rather than create more landlords...Drive the prices down a bit as well. Lower prices are better in my opinion, sure I'll loose a lot as well, but then again I never really had it, my children will have a lot to gain as will yours...
if you make it financially unviable the rent out property there is no incentive to invest and bring more property to the market.
If you want prices to fall then you make it easier to build and refurbish, not harder.
There are plenty of arguments that the buy to let market is what fuelled the most recent expansion of the house price bubble.Ignore the 80% suggestion, that was just a pop at people who think it's fine to raise money by taxing people at 80% (for anything) especially when there is no chance they will be personally affected by it.
Do we know anyone like that? Anyone who could be so self centered? data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
As I said the suggestion was there to make more homes available rather than create more landlords...The builders don't care what the buyer does with it...
We agree on something data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
I've used 3x Xbox with linux on it without a screen as a super cheap Web/App/DB 3-tier application development environment....They are great value for money for what they can do...
The latest derivations are around £300, there are much cheaper ways of accessing the internet than that.Regardless, the people who thought that they were an essential were not thinking of them as educational tools but as a means to play the latest games data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
Not convinced about that. The Government (and this applies to all of them) fiddle far too much with the tax system and has made it far too complicated. For example Gordon Brown decided to give incentives to invest in UK Film making (Cool Britannia was the thing that day) - with the result that loads piled into various tax avoidance schemes based on that incentive which are now having to be unwound by HMRC.
The government needs to get out of the way and allow the market to operate.
LOL And I still get calls about 3x a week to invest in those schemes. Bunch of muppets...