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Formula OneFan

MD

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About Me

Property dealer

my expertise in the industry

Alot!

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I hope they push it through, because it will benefit people who have to earn a living from the property game, and remove over geared buyers paying over the odds, and putting up prices, which always ends in a crash like it did in 1990 and 2007.......... Look further to see how this all plays out and it should be good for the industry.

From: Formula OneFan 12 February 2016 11:15 AM

As a developer, I think it's good for me as too many investors in the market paying over the odds of an assets real value. They come to the auction geared up to the max, paying silly money only to realise in later years after all costs, they've paid too much. I am glad if takes the heat out of the market and will stop another bubble. ......................................... The market for buy to let over 250k will be decimated because most won't be able to finance the higher stamp duty costs. For me anyway, it will take out many the idiots who don't know what they are doing anyway.......you see them on 'homes under the hammer' buying a property, refurbishing it wasting months working on it when they could have purchased the same property with the same or better yield at auction, if they'd done their research properly for the same yield, but without doing anything to it. So good bye dumb ass investors, paying over the odds!

From: Formula OneFan 12 February 2016 09:59 AM

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