Oh, and as for this talk of greed - nonsense. Me and GF want to own because eventually it will free us from monthly payments. Currently I give away more than a third of my salary on rent, which isn't something I want to do forever, or even a moment longer than I have to. We've both saved hard for several years and now have a deposit, but I've gone and moved to London. Now we're both renting separately and in a worse situation! Greed is when people have 2+ houses and rent 1+ out. Second properties need to be taxed very hard, in my opinion: increase tax revenue, discourage BTL, lower house prices, incentivise the young to prosper, all in one move. While we're at it, scrap income tax and raise sales tax through the roof: no more income tax evasion, criminals become taxed and rates are truly progressive. Blah, blah, blah...
Oh, and as for this talk of greed - nonsense. Me and GF want to own because eventually it will free us from monthly payments. Currently I give away more than a third of my salary on rent, which isn't something I want to do forever, or even a moment longer than I have to. We've both saved hard for several years and now have a deposit, but I've gone and moved to London. Now we're both renting separately and in a worse situation! Greed is when people have 2+ houses and rent 1+ out. Second properties need to be taxed very hard, in my opinion: increase tax revenue, discourage BTL, lower house prices, incentivise the young to prosper, all in one move. While we're at it, scrap income tax and raise sales tax through the roof: no more income tax evasion, criminals become taxed and rates are truly progressive. Blah, blah, blah...