London mayor launches unprecedented inquiry into foreign property ownership

[cracker1]

5 hours ago, NongKhaiKid said:

People already saying he'll lead the Labour Party one day and then PM. Not sure if a viable Labour will be around in future.

Maybe it won't be him but a Muslim PM is a given.

I agree with you. You English residents seem to be sitting back on your hands saying "What can we Do ?" The result is that London now has a Muslim Mayor and next will be a Muslim Prime Minister and then......................! Get off your but's and do something about it !

[biplanebluey]

7 hours ago, SaintLouisBlues said:

Lots of my Tory friends paid the pittance asked so they could vote for him; they still believe it was money well spent

 Also there were a lot of Muslims voting for him so sorry "our man flint" as you say you Know nobody that doesn't regret voting for him.I suggest you get out and about a bit more !!!!

[eddie61]

9 hours ago, simple1 said:

 

Already under way, plus some additional legislation enacted regards foreign ownership of residential property. Don't know if it applies to the London market, but a lot of foreign property ownership is due to parents buying property for their student children. Doubt whether foreigners buying property effects the "Aussie battler" or indeed the low income segment of the London property market.

 

I wish the right to buy UK property were reciprocal. If A brit can own property in Thailand, a thai can own property in Britain.

[NongKhaiKid]

5 hours ago, cracker1 said:

I agree with you. You English residents seem to be sitting back on your hands saying "What can we Do ?" The result is that London now has a Muslim Mayor and next will be a Muslim Prime Minister and then......................! Get off your but's and do something about it !

Your comments are accurate but don't apply to me as I'm not English.

[NongKhaiKid]

11 hours ago, Baerboxer said:

 

There have been Jewish PM's so why not a Muslim?

 

The only issue with anyone who holds a particular religious view or belongs to a particular sect is if that is a conflict of interest source or prohibits there taking of appropriate oaths. The Mason's have certainly had plenty of PM's from within its secret membership.

I think you'll find it was one Jewish PM out of all there's been.

If your invoking certain memberships how about all the ' old boys ' from the elite schools and the attitudes inculcated into them ?

Many entered these establishments because of who they were and not always on academic merit. 

 

If Khan does become PM he'll have a job on his hands to prove he's there for everyone and that won't be easy given the general mistrust, even worse, of Muslims.

Edited September 30, 2016 by NongKhaiKid

[ourmanflint]

9 hours ago, maxcorrigan said:

Since most of them that voted for him were moslems i don't think they regret, with 420 mosques and growing in London that makes for a hell of a lot of moslem supporters

Not this time. Maybe they had some impact but only 640K muslims in London with popn of 8.6 million. He got in because voted in by Labour voters. Many of whom now are regretting his stance against Jeremy Corbyn and his general egomaniacal demeanour.

[yogi100]

16 hours ago, RuamRudy said:

A problem that has affected the rest of the UK for a long time - highly paid southerners buying up homes in the countryside to use on rare occasions, forcing locals out because they cannot afford to live where they grew up, and depriving local businesses of year round customers.

 

Highly paid Southerners! It's not so widespread any more.

 

There are young British people with university degrees who can't find work at a decent salary any longer. Since WW2 the world population has almost quadrupled and globalisation has ensured that competition for jobs, food, homes, energy and water etc has intensified and will continue to do so. 

 

Many jobs across the board have been taken by foreigners and most houses that go on sale in London are bought by foreigners. Some are for investment only and stand empty. It's a problem that has to be addressed in a nation that has 200,000 people registered as homeless and waiting lists for government housing are often in the region of 10 - 20 years.

 

There are blocks of condos along the Thames in which the lights never go on just like in Pattaya and Jomtiem. Except the prices of the London ones are going up while the Pattaya ones are going down if they move at all.

[yogi100]

15 hours ago, SaintLouisBlues said:

Lots of my Tory friends paid the pittance asked so they could vote for him; they still believe it was money well spent

 

Aren't you confusing Khan with Corbyn? Hordes of Tories paid the £3 membership fee to elect Corbyn as Labour leader and did the same when they put the fee up to £25. Strangely the media never mentions this any more.

 

Having Corbyn as leader more or less guarantees a Tory government in future elections. Having Khan as mayor serves the Tories no purpose at all.

[SaintLouisBlues]

53 minutes ago, yogi100 said:

 

Aren't you confusing Khan with Corbyn? Hordes of Tories paid the £3 membership fee to elect Corbyn as Labour leader and did the same when they put the fee up to £25. Strangely the media never mentions this any more.

 

Having Corbyn as leader more or less guarantees a Tory government in future elections. Having Khan as mayor serves the Tories no purpose at all.

Yes to the first question, no to the second (assertion). Having your political opponents at a different level of government do unpopular or foolish things can sometimes be a plus. Look at the Democrat Senate and House candidates who are hopeful of anti-Trump feeling boosting their chances of being elected

Edited September 30, 2016 by SaintLouisBlues

[halloween]

18 hours ago, Yoram said:

 

The same should be in Australia really, with those Chinese buying anything and everything with cash on the table and leave many properties un inhabitants and empty,  causing the Aussies battlers to go out further and further to find properties they can afford.

I don't think you understand the Oz property laws. Foreigners are only allowed to buy new buildings, not existing residential buildings. It is being enforced, with those found to have broken the law given a short period to sell before being confiscated.

 

"Foreign non-residents will normally be allowed to purchase new dwellings in Australia without being subject to any conditions. There is no limit on the number of new dwellings a foreign non-resident may purchase, but approval is generally required prior to each acquisition.

A new dwelling is a dwelling that will be, is being, or has been built on residential land, has not been previously sold as a dwelling, and has either:

not been previously occupied; or

if the dwelling is part of a development (50 or more dwellings) and was sold by the developer of that development, has not been previously occupied for more than 12 months in total.

New dwellings do not include established residential property that has been refurbished or renovated.

A single dwelling that has been built to replace one or more demolished established dwellings would generally not be treated as a new dwelling for the purposes of Australia’s foreign investment framework."    https://firb.gov.au/resources/guidance/gn03/

[boomerangutang]

Thaksin also has property in London.

 

As for high taxes for non-residents: it makes sense (makes cents), but it wouldn't be hard to either get renters or get a family member/proxy to stay there.  OJ's Cato comes to mind.

 

The London problem is happening worldwide.  When the Japanese market was strongest, many rich Japanese came to buy property in Hawaii and elsewhere in the US - driving first home prices up astronomically for regular folks.   Even here in little ol' Chiang Rai (and Tachilek, Burma), there are dozens/hundreds of high priced spreads owned by absentee Chinese - most of them unoccupied. Many rich Chinese are hedging on China's economic bubble bursting, so then they'll have a place to run to.  China's modern history is rife with upheavals; famines / witch hunts / wars / parents selling children for a bag or rice, etc.

Edited October 1, 2016 by boomerangutang