Boomer landlords from Hell are torn a new one for taxpayers

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11816720/Death-of-buy-to-let-landlords-wake-up-to-Osbornes-150pc-tax.html

If you’re dumb enough to purchase a house you can’t afford, that’s your shoddy investment decision. If you purchase five of the fucking things as your retirement plan, you deserve to crash and burn. I’m ecstatic.

evil grin lol smile happy

They’ve been expecting bailouts since negative equity became a thing since – guess what, you can’t just borrow off your house three times and expect the market to account for your mistake like shaking an Etch a Sketch. They’ve been deliberately screwing over the young poor with ridiculous renting charges, plus additional charges like the airports, even being as mean as to keep deposits every single time knowing tenants can’t afford to contest it in court and pumping up demand higher because of the immigration policies they voted in. 150% is actually too low for these fuckers, who want Communism – but to cost somebody else. Somebody younger. Not them.

All higher-rate taxpayers who own buy‑to‑let properties on which there is a large mortgage will pay substantially more tax. Some current basic-rate taxpayers will also be hit, because the change will push them into the higher-rate tax bracket.

They said the rich needed to pay their fair share.
They didn’t know they were the Rich.

Those who are worst affected will see:

● the actual tax they pay on their investment rising twofold or more;

● the tax rate payable rising above 100pc, meaning that more than all of their profit is paid in tax;

● a degree of tax that pushes them into loss, making their investment financially unviable and forcing them to increase rents sharply – or sell.

It was never viable from the moment they signed and they knew it. The markets won’t take further increase, that’s how much they’ve bled us dry. It’s actually impossible. Even in London.
They have to sell.

chaplin joy confetti happy lol

What is also becoming clear is that worst hit will be those modest, middle-class savers who have prudently chosen to invest in buy‑to‑let, often alongside pensions and Isas, as a means to supplement their income.

Bullshit. Utter bullshit. Here’s what they actually did.

They manipulated the market to get free tuition, high wages, cheap mortgages and buy when it wasn’t feasible for them and they knew it. They bought up the markets deliberately cutting out Gen Y to charge us ridiculous prices as a monopoly and this is the correction.
The Government is bigger than you, Boomers.

eric ooh aah umm uhuh play dumb smile laugh evil grin

The Government is treating them like adults for the first time in their lives.

6 responses to “Boomer landlords from Hell are torn a new one for taxpayers

  1. The Boomers fucked it up,
    The Boomers fucked it up,
    High-ho their credit is blown
    The Boomers fucked it up!

    The housing bubble will pop,
    The housing bubble will pop,
    High-ho it’s well overgrown
    The housing bubble will pop!

    And then we’ll get a house,
    And then we’ll get a house,
    Get one we afford,
    Don’t need nothing more,
    Pay it off soon,
    Wait for the next boom,
    Sell it on to some schmuck,
    And with any luck,
    We’ll get another house!

  2. Pingback: The 1.54% Boomer Riche | Philosophies of a Disenchanted Scholar

  3. the last 2 generations are the laziest people and disrespecting people on the planet, they were spoiled after the war and expect everyone to feed them till they die well guess what? boomers are fighting back , wake up you silly people with your heads in the sand we earned what we have you didn’t…As for the rent in Oz, go to other countries and find out what they pay, here we cannot charge the price of the mortgage, but in places like the USA they charge the cost of the mortgage to the tenant, we are living in dangerous times here when it comes to investment to supply people with a roof over their heads. and by the way we boomers most of us have worked all our lives from very young ages even after school and weekends before we ever got a real job.

1. Be civil. 2. Be logical or fair. 3. Do not bore me.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s