Thoughts on the Sunday Times Rich List 2015

The much read Sunday Times Rich List has come at an inauspicious time particularly given that there is a fully fledged class war being raged by the socialistically inspired Labour/SNP Party in the run up to next week’s Election.

Yes, a number of the mega rich individuals have appeared to become wealthier although there are exceptions to this as the Rich List clearly demonstrates.  What it does tell us is that anyone who has assets (property, shares/bonds etc.) has done well over the years and those who are reliant on salaries have fallen behind. Continue reading

Rent Controls: what will ‘Red Ed’ conjure up next – how about compulsory purchase of privately owned property?

Yes, we have all heard it now, ‘Red Ed’ is going to impose rent controls on private rented property if he and his ‘merry men’ gain power on the May 7th.

I don’t disagree with the suggestion that Tenancy Agreements should be up to three years long and not, as is more usual, one year.  In any event most Tenancy Agreements prescribe for an RPI increase (and no more) so what is all the concern about? Continue reading

Right or wrong to buy is the question posed by the spanking new Tory Party Manifesto launched today

A totally unapologetic David Cameron has announced that if his Party gains power in May, thousands of housing association tenants will be allowed to buy their homes and existing council tenants will also be able to buy certain properties owned by the council.

This was the legacy left by Margaret Thatcher’s initiatives in the 80s and has transformed the lives of a number of people in the less well off sector where properties, that they may have bought for a pittance then, are now worth a small fortune. Continue reading