Reply #1: Hey up [View All]

I have not been around much, a lot of professional stuff to catch up on. I have some mixed feelings about this. Firstly property prices are still way too inflated. Billions (not sufficient) have been spent on affordable homes then billions were spent on keeping homes unaffordable.

The key problem being massive over inflation of the London property market. Very few can buy in London if they declare their real earnings.

So this and the changes to HB in London (the caps only affect London in reality) will devastate property prices in the centre of London. I think this is a good thing. I'm not sure the Duke of Westminster will agree.

I'm not sure the buy to let lot will agree either. They have however had the advantage of the State helping them buy a multi million pension using what is in effect a crappy terrace house. Now they will have to fund a large part of that pension pot themselves.