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According to the article, mainly: 1 - Government doesn't subsidize homeowners; 2 - Renting rules are reasonable for renters, increasing supply which makes renti
by vslira 10y ago
According to the article, mainly:
1 - Government doesn't subsidize homeowners;
2 - Renting rules are reasonable for renters, increasing supply which makes renting affordable.
There, saved you a click.
- easytiger 10y agoThe government doesn't subsidies home owners in the UK and it is considered very very expensive, apparently, by many.
- MagnumOpus 10y agoThe government does subsidise home owners through nearly a dozen different schemes[1], landlords through a dozen more[2], and the mortgage banks through another score[3], which is the reason why prices are very expensive indeed. [1] freedom from capital gains tax, RTB, HTB equity loan, HTB mortgage guarantee, HTB ISA, Forces HTB, NewBuy, AFHOS, Shared Ownership Scheme, Key Worker Scheme, Home Ownership Scheme for Cripples, and that is just off the top of my head [2] rent floors through LHA, tax deductability, ability to flip residence between first and second homes for zero cap gains tax, freedom from inheritance tax beyond the usual limit... [3] state bailouts for all major banks, gurantees, QE, QE2, QE3, liquidity schemes, credit purchase schemes etc etc