Old Conservatives don't understand

Notch7 said:
The massive housing crisis we have today is a result of both Conservative and Labour policies since Thatcher became PM in 1979

Thatcher started the seeds of the crisis with RTB in 1980 then MIRAS in 1983

Blair continued RTB and he introduced buy to let.

Blair period also saw a deregulation of mortgage industry with self cert mortgages, expansion of 100% mortgages, and allowing people to have interest only mortgages.

Then the Tory period 2010 to around 2019 saw very low bank rates allowing people to over extend
Also there was massive QE which saw huge amounts of cash pushed into the system raising property values

The last 14 years have seen the big 6 housebuilders control the supply of housing and influence Tory govts to enable policies to get more people buying unaffordable homes

Ans of course we have the last 14 years of massive stagnation of wages combined with growth of insecure work contracts alongside an ever increasing number of people caught in the rent trap



But ultimately the greatest root cause of the housing crisis is the removal of millions of council houses from the housing stock which stabilises the market. And it’s the only thing that will now solve it.


Anybody who wants to make political point scoring by blaming just one side is on a hiding to nothing, because it’s simply untrue.
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I agree completely ALL parties are to blame for the mess were in, iv'e seen 25 year old council estates pulled down and left empty for years, when selective demolition and modernizing them would have been far better.

No need for large council estates, which can get problematic but all councils will own small parcels of land suitable for small estates of 30 or so new homes with a mix of types.

Another factor not taken in by ALL parties was immigration, where did they expect all these new arrivals would live? did they think they would head straight down to the nearest branch of the Halifax? Councils could pay upto £1000 a week to house families on benefits, it must be far cheaper in the long run to house them in a newly built council home.
 
Notch7 said:
The massive housing crisis we have today is a result of both Conservative and Labour policies since Thatcher became PM in 1979

then MIRAS in 1983
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And how do you think MIRAS effected anything ?
 
gas112 said:
Did he ? and why would something that had always been available since income taxation started in the 19th century fuel a crisis
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This remained in place until the 1988 Budget, when Nigel Lawson ended the option to pool allowances from August 1988. Lawson later publicly expressed regret at not having implemented the change with effect from the time of the budget, as it is generally accepted that the rush to beat the deadline fuelled a sharp increase in house prices.[8]
 
gas112 said:
and why would something that had always been available since income taxation started in the 19th century fuel a crisis
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It wasn't, he changed it, and caused the problem as he admitted.
 
carmanmemoranda said:
This remained in place until the 1988 Budget, when Nigel Lawson ended the option to pool allowances from August 1988. Lawson later publicly expressed regret at not having implemented the change with effect from the time of the budget, as it is generally accepted that the rush to beat the deadline fuelled a sharp increase in house prices.[8]
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That was the ability of two single people to claim it and a married couple only the once not that miras was wrong which is why he kept it . Do try and keep up
 
denso13 said:
It wasn't, he changed it, and caused the problem as he admitted.
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so the problem was not Miras that was introduced in 83 but the change of something that had been there since 19th century
Which is completely different from the original comment of thatcher caused it by introduction of Miras which was just making what people could claim easier
 
denso13 said:
Yes it was, keep up. Found any of those Labour RTB's yet from before Thatcher, pmsl...
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still struggling with what your own link said . Do try and keep up . Buying council houses since the 30`s
 
denso13 said:
No RTB, little or no discount, at the LA discretion. How many were there? Oh, I forgot, you don't know, pmsl...
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and you havent put any figures up to discredit it despite putting a link up that proved council houses were sold long before thatcher
And i see your using the word discount thus admitting there was a discount to be had
 
gas112 said:
and you havent put any figures up to discredit it
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You want me to prove your stupid statements wrong? That's not how it works, if you claim nonsense you'll get called out for it.
 
denso13 said:
You want me to prove your stupid statements wrong? That's not how it works, if you claim nonsense you'll get called out for it.
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What is nonsence about saying council houses were sold to tenants from the 30`s under both labour , tory governments
That is a fact so stop bumping your gums as per
 
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