The fall of the Tory party

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angelofthenorth

Love how much shit @Stonehedge is getting for daring to suggest that if people make huge gains on an asset, they should be taxed on it. Also puts into scale a bit the problem, given that I suspect most of they people on a Tory-downfall thread are not, well... Tories, and how fucked up Brits attitudes are towards housing (i.e. not first and foremost a place to live).

What about my parents downsizing to release a large house to the market for someone that needs it and also to have a reasonable retirement where one party was a full time mother for 30 years and essentially only has a state pension?

What on earth were they planning on doing had they not had their house increase in value 400% over the last 30 years?

Re. the risk argument: Equal (or greater in recent years) risk in the stock market, but you pay capital gains?

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Grumpy_Git in reply to @angelofthenorth

Assume the state pension and my dad's would cover it. Unfortunately the infinite gifts of inflation and government mismanagement fucked that.

Also even without a 400% rise in prices I don't think it's unreasonable to expect the difference in value between a 4/5 bed family home and a 2 bed flat should be allowed to release capital for retirement.

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