Land values were not taxed while all else was. As the economy rises land value rise with it. Earnings and productiveness are taxed, so a brake on them. Land value is not taxed. Money is poured into land as the returns are very high. Lots of debt is incurred. Debt after debt in re-mortgages, etc
Land overtakes the productive side of the economy and sails far ahead. The scales are tipped as the normal productive economy can’t service the land debts. BUST!!!.
This video says not … This video says not much at all. It gives a graph of house prices – nice and easy to get to know. It says that house prices rapidly rise when credit is easy. We all know that. That is all it said.
The solution is Land Value Tax (LVT). it shifts tax from income to land value.
- Those who are productive are not taxed – no income tax on wages.
- Those who take out, like land values, get taxed.
Simple. It prevents land price boom and busts. It rewards those who work.
Cycle of boom and … Cycle of boom and bust wont stop until property speculation on family residences is banned.
Decent, afforable shelter is a basic human right. Property speculating leeches add nothing to society but misery. They drive up prices pushing basic home ownership out of the reach of most of the country.
My advice is to demand justice from the government and have them stop the practice.
Check home prices in Germany and other European countries where the practice is banned. Reasonable home prices.
You have the right … You have the right to feel very smug… It was a brainwashed rush to keep up with the joneses and now the joneses are all screwed..
I have been living in a modest timber house but owe nothing on it.
Ill catch the next house price wave in 5 years time…
As long as People … As long as People believe that Houses are worth a lot, They’ll be no crash.
If You live in Your house, and use it, to live in, I don’t think that You’ll ever lose.
The, “Property Portfolio game”, isn’t one, that You’d be playing.
There’s nothing wrong with renting, if it’s what works for You.
But, I wouldn’t be smug for it.
Everything has it’s limitations.
Even renting.
It is about time … It is about time the prices way to overrated compared to other countries in europe. Moved back to sweden where the prices are less then a fifth and you earn the same. Good old sweden!
Prices are already … Prices are already down 10% and going down 2% per month, I reckon another 30 to 40% fall will be about right with no increases until at least 2012.
This is one silly … This is one silly video. There will be no ‘Almighty’ house price crash. There are FAR too many people waiting for a crash (to then pounce into property) for a crash to be realized. A modest (~10%) correctio is more likely. But a crash? No chance.
good video. I have … good video. I have been renting for a couple of years and have had people telling me left right and centre that i was throwing my money away and should buy because “the market will only go up”, prats. now they’re stuck in places they can’t afford and can’t sell and are now looking at some serious negative equity. i’m gonna buy in the end but i can afford to wait a few years and am feeling rather smug about it
Almost forty years of bubble and crash; the UK housing market unmasked.
@shadowolf192
…
@shadowolf192
Land values were not taxed while all else was. As the economy rises land value rise with it. Earnings and productiveness are taxed, so a brake on them. Land value is not taxed. Money is poured into land as the returns are very high. Lots of debt is incurred. Debt after debt in re-mortgages, etc
Land overtakes the productive side of the economy and sails far ahead. The scales are tipped as the normal productive economy can’t service the land debts. BUST!!!.
LVT is the answer.
This video says not …
This video says not much at all. It gives a graph of house prices – nice and easy to get to know. It says that house prices rapidly rise when credit is easy. We all know that. That is all it said.
The solution is Land Value Tax (LVT). it shifts tax from income to land value.
- Those who are productive are not taxed – no income tax on wages.
- Those who take out, like land values, get taxed.
Simple. It prevents land price boom and busts. It rewards those who work.
My gosh – there are …
My gosh – there are a lot of people in denial.
Cycle of boom and …
Cycle of boom and bust wont stop until property speculation on family residences is banned.
Decent, afforable shelter is a basic human right. Property speculating leeches add nothing to society but misery. They drive up prices pushing basic home ownership out of the reach of most of the country.
My advice is to demand justice from the government and have them stop the practice.
Check home prices in Germany and other European countries where the practice is banned. Reasonable home prices.
You have the right …
You have the right to feel very smug… It was a brainwashed rush to keep up with the joneses and now the joneses are all screwed..
I have been living in a modest timber house but owe nothing on it.
Ill catch the next house price wave in 5 years time…
Hey Hotguy2002. ( …
Hey Hotguy2002. ( but whats in a name. ) Ill bookmark your comment and get back to you in 2 years.
As long as People …
As long as People believe that Houses are worth a lot, They’ll be no crash.
If You live in Your house, and use it, to live in, I don’t think that You’ll ever lose.
The, “Property Portfolio game”, isn’t one, that You’d be playing.
There’s nothing wrong with renting, if it’s what works for You.
But, I wouldn’t be smug for it.
Everything has it’s limitations.
Even renting.
It is about time …
It is about time the prices way to overrated compared to other countries in europe. Moved back to sweden where the prices are less then a fifth and you earn the same. Good old sweden!
Prices are already …
Prices are already down 10% and going down 2% per month, I reckon another 30 to 40% fall will be about right with no increases until at least 2012.
This is one silly …
This is one silly video. There will be no ‘Almighty’ house price crash. There are FAR too many people waiting for a crash (to then pounce into property) for a crash to be realized. A modest (~10%) correctio is more likely. But a crash? No chance.
Excellent 5/5
Excellent 5/5
good video. I have …
good video. I have been renting for a couple of years and have had people telling me left right and centre that i was throwing my money away and should buy because “the market will only go up”, prats. now they’re stuck in places they can’t afford and can’t sell and are now looking at some serious negative equity. i’m gonna buy in the end but i can afford to wait a few years and am feeling rather smug about it
Thank God I rent, …
Thank God I rent, and have never had a desire to own my own home.
excellent video
excellent video