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I wonder if we will see a government bail-out for all these airbnb hosts ...

by chvid 7y ago

_s 7y ago
Most are negatively geared regardless; so the losses are just taken off your taxable income.
thulecitizen 7y ago
Imagine that, tax money going to the propertied and elite rentier class.[1][2][3] [1] https://www.resilience.org/stories/2017-08-03/book-day-corruption-capitalism-guy-standing/ https://www.resilience.org/stories/2017-08-03/book-day-corru... [2] https://www.theguardian.com/artanddesign/2019/sep/10/push-film-review-leilani-farha-global-housing-crisis https://www.theguardian.com/artanddesign/2019/sep/10/push-fi... [3] https://www.theguardian.com/money/2019/apr/17/who-owns-england-thousand-secret-landowners-author https://www.theguardian.com/money/2019/apr/17/who-owns-engla...
- chvid 7y ago
  It might just happen. The government paying to have rental properties siting empty. I guess some new chapters in the economics textbooks need to be written on what comes after negative interest rates ...
hrpnk 7y ago
Some cases like that will definitely slip through. There is a balance between the governments doing strict checks and building a bureaucratic process and providing quick cash injection into the whole economy. It's one of the learnings from TARP [1] where help requests were thoroughly screened and as a result it came too late in many cases. [1] https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
flashyfaffe2 7y ago
What would be hilarious is to hear the arguments justifying this bail-out
- durnygbur 7y ago
  Something in line with the claims of the copyright industry... "revenues not generated by the rental agreements".
mattbee 7y ago
It was the first bailout they announced - rates (property tax for business) are free for 20/21, and then a £10,000 grant for the smallest of rate payers, rising for businesses with larger premises. That covers loads of smaller short let owners. For my 3 properties that covers maybe 50% of the shortfall I'll see this summer. (I'm not saying it's right, but it's happened)

I wonder if we will see a government bail-out for all these airbnb hosts ...

by chvid 7y ago

I wonder if we will see a government bail-out for all these airbnb hosts ...

_s 7y ago

Most are negatively geared regardless; so the losses are just taken off your taxable income.

thulecitizen 7y ago

Imagine that, tax money going to the propertied and elite rentier class.[1][2][3] [1] https://www.resilience.org/stories/2017-08-03/book-day-corruption-capitalism-guy-standing/ https://www.resilience.org/stories/2017-08-03/book-day-corru... [2] https://www.theguardian.com/artanddesign/2019/sep/10/push-film-review-leilani-farha-global-housing-crisis https://www.theguardian.com/artanddesign/2019/sep/10/push-fi... [3] https://www.theguardian.com/money/2019/apr/17/who-owns-england-thousand-secret-landowners-author https://www.theguardian.com/money/2019/apr/17/who-owns-engla...

chvid 7y ago
It might just happen. The government paying to have rental properties siting empty. I guess some new chapters in the economics textbooks need to be written on what comes after negative interest rates ...

hrpnk 7y ago

Some cases like that will definitely slip through. There is a balance between the governments doing strict checks and building a bureaucratic process and providing quick cash injection into the whole economy. It's one of the learnings from TARP [1] where help requests were thoroughly screened and as a result it came too late in many cases. [1] https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

flashyfaffe2 7y ago

What would be hilarious is to hear the arguments justifying this bail-out

durnygbur 7y ago
Something in line with the claims of the copyright industry... "revenues not generated by the rental agreements".

mattbee 7y ago

It was the first bailout they announced - rates (property tax for business) are free for 20/21, and then a £10,000 grant for the smallest of rate payers, rising for businesses with larger premises. That covers loads of smaller short let owners. For my 3 properties that covers maybe 50% of the shortfall I'll see this summer. (I'm not saying it's right, but it's happened)