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Have the fundamentals of property ownership, tax, or landlording changed since the time when house prices were at a sensible price-to-income ratio? I can’t real
by dan-robertson 4y ago
Have the fundamentals of property ownership, tax, or landlording changed since the time when house prices were at a sensible price-to-income ratio? I can’t really tell what you’re trying to say with that clause.
- tuatoru 4y agoThe fundamentals of property ownership have indeed changed. Back in the day (1970s?) low-income households were eligible for special low interest rate and low deposit mortgages from a government entity. Tax laws have also changed considerably also since then to make legal vehicles like trusts very advantageous for owning property. Finally, in the same era the central government and local governments were big landlords with the majority of the market between them.