£550 a year worse off

[vetteheadracer]

if you own a house, than you were 5 years ago according to a study published today

www.news.telegraph.co.uk/news/main.jhtml?xml=/news/2006/01/25/nhome25.xml&sSheet=/news/2006/01/25/ixhome.html

[fulham911club]

What a load of old cock. I think you'll find that over that period you've made significantly more that 5 x £550 in capital appreciation.

Another example of a survey for the sake of it.

[paulie-mafia]

yeah every other day there's a survey / index / report in the press covering this and if you believed them all then your finances would be going up and down like a tart's knickers.

[Davi]

Capital Appreciation has no real bearing with relation to the survey.

certainly true about the tarts knickers though!

>> Edited by Davi on Wednesday 25th January 13:47

[fulham911club]

Davi said:

Capital Appreciation has no real bearing with relation to the survey. >> Edited by Davi on Wednesday 25th January 13:47

Well it does though. Its an article implying that incumbent govt is shafting home owners. If you take the changes in taxation etc that give rise to the additional 550gbp and don't take into account the rise in house prices over the same period then you are only considering one side ...

[mattley]

fulham911club said:

Davi said: Capital Appreciation has no real bearing with relation to the survey. >> Edited by Davi on Wednesday 25th January 13:47 Well it does though. Its an article implying that incumbent govt is shafting home owners.

And you think they aren't?

Capital appreciation is very relevent in this instance as it's relative, and really doesn't help assuming you always need somewhere to live. But, also it's the capital appreciation that forces more money to be paid out in stamp duty, so even more shafting of homeowners.

[trackdemon]

Plus capital appreciation is not something the government have direct control over, ever greater creeping taxes is. The 100% tax burnden surely cant be that far off....