Should the government "cap" house values?
Poll: Should the government "cap" house values?
Total Members Polled: 333
Discussion
What do you guys think?
Just a random thought, but if local councils or whoever had the power to set local house values depending on area / size etc etc etc would this be such a bad thing?
Obviously its way more complicated than that, but if it was possible, could it help us move away from the idea of property as an investment?
Im no communist but to me a house is a place to live and enjoy your free time, and whilst some are obviously better / nicer than others for a million reasons, its still not something that should be an investment...
Just a random thought, but if local councils or whoever had the power to set local house values depending on area / size etc etc etc would this be such a bad thing?
Obviously its way more complicated than that, but if it was possible, could it help us move away from the idea of property as an investment?
Im no communist but to me a house is a place to live and enjoy your free time, and whilst some are obviously better / nicer than others for a million reasons, its still not something that should be an investment...
Mike400 said:
Im no communist but to me a house is a place to live and enjoy your free time, and whilst some are obviously better / nicer than others for a million reasons, its still not something that should be an investment...
Why should you or the government determine what is and what is not an investment?Just an idea what is the cap rate?
I would like to buy this then. If less than 300k.
http://www.knightfrank.co.uk/search/property/resul...
I would like to buy this then. If less than 300k.
http://www.knightfrank.co.uk/search/property/resul...
There are a million and one problems with this.
The main one being, sure the price may be capped at 200k for a 4bed in area x. But if no one is willing to sell for 200k, it's completely irrelevant. You could join the 15 year waiting list to buy a house like that and end up with one you didn't like - does this really sound like a good idea ?
It's like 3rd world countries that run price controls, but the shops don't actually have anything to sell.
In theory the idea is incredibly appealing, but in reality it's incredibly stupid.
The main one being, sure the price may be capped at 200k for a 4bed in area x. But if no one is willing to sell for 200k, it's completely irrelevant. You could join the 15 year waiting list to buy a house like that and end up with one you didn't like - does this really sound like a good idea ?
It's like 3rd world countries that run price controls, but the shops don't actually have anything to sell.
In theory the idea is incredibly appealing, but in reality it's incredibly stupid.
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