Eventually Phil swung the deal and won a smile from the little madam. Poor daddy got nothing, not even a thank you, let alone a hug and a 'You're the best daddy who ever lived, ever!)
Today I read that parents and grandparents are being encouraged to raid their pension funds to get their offspring onto the property ladder. Well obviously, they weren't going to do anything better with them, just squander them on heating, lighting and food, that sort of frippery. Luckily many pension funds are locked down with tight conditions and huge early release fees to save those parents and grandparents who would be so foolish as to listen to Nick Clegg from themselves. But it's not just about the undeserving Kimberleys of this world who've yet to do an honest days' work and seemingly take familial handouts and free flats for granted. Helping youngsters pay ever more exorbitant prices for ever smaller properties is helping no one and coming generations won't stand a cat in hell's chance of getting anywhere near the bottom rung of the property ladder, let alone on it, even with the family's entire piggybank of savings and pensions heaped upon them. Then there's that pesky student loan to pay back before they can properly start their adult lives. Small wonder that the marriage age and first child age is also rising ever upwards.
With all these factors in mind I ask:
- Why isn't the government acknowledging that this artificially overheated housing market has to stop and cannot continue indefinitely?
- Why isn't the nation going on a house-buying strike to shake the market up?
- Why aren't buy-to-let house sales/mortgages and second homes being banned? Or at least supertaxed, with that tax being used to subsidise new social housing?
- Why isn't more being done to bring the estimated 750,000 existing empty properties back into use?
- Where is the rent-capping seen in so many European countries which enables tenants to comfortably afford to rent knowing they have security against unreasonable rent hikes and are not at the mercy of market forces or unscrupulous landlords?
- Why are non-UK residents able to buy property in UK or even claim social housing, sometimes above those UK citizens who have been on council waiting lists for many years?
- Now it's hard to obtain a property for less than £250k in many towns and cities, surely it's time to raise the stamp duty to apply only to properties of £500k+ or discard it altogether?