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Topics: residential property
In this week's Retirement Planner quick fire poll we ask: Following Grant Shapp’s comments, do you think retirees should downsize to free up larger properties for young families?
Click HERE to let us know your view.
In our last RP poll, we asked: Are you currently checking all of your clients to see whether they should protect their funds against the lifetime allowance reduction in April?
A third (33%) said you were screening your clients with the remainder (67%) saying you don't know.
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| Comment | RP Poll: Should pensioners downsize their homes to solve the housing shortage? |
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This Shapps bloke seems more interested in making a name for himself than contributing anything useful. This is a really stupid idea. The person trading down will, under these proposals, still own the house. So how chuffed will they be to see strangers living in it, or what could potentially be a bunch of Somali refugees lousing it up? If this is to have any legs then the Government needs to put its money where its mouth is and buy the property at current market rents – and we all know there is a fat chance of this. This idea from Shapps puts him firmly in the Marxist camp. Expropriate the house without compensation, put you in something else of their choosing (or constrain you to a budget of their decision). Go and join Milliband – he would really appreciate this one! Call yourself a Conservative?
Posted by: Harry Katz