Andrew

Property Developer, Judoka, often found on two wheels and partial to a beautiful Greek island or two.

[Andrew @AndyPandyHarris]

@LStoerseth @CJAWorrall Not necessarily. Building council housing isn’t costless just because it’s an asset. A proper comparison includes borrowing costs, maintenance, management, refurbishment, voids and the opportunity cost of public capital.

[Daniel Priestley @DanielPriestley]

Is it possible that the massive outrage Gary and his crew feel is down to a complete misunderstanding of how tax on a wealthy individual works? When I spoke to Gary, it certainly appeared that way…

Gary was unaware that:
- there a different types of tax that layer on top of each other.
- all the same taxes that apply to an individual also apply to a Duke.
- theres a huge difference between taxing individuals, their companies, the revenues they make or the value of their assets.
- income and asset values are different things.

[Andrew @AndyPandyHarris]

@OliDugmore Housing Benefit isn’t a subsidy to landlords—it’s a subsidy to tenants who need somewhere to live. If there were enough homes, rents and the Housing Benefit bill would both fall. You’re blaming the ambulance instead of the car crash

[Andrew @AndyPandyHarris]

@bionicplanner @DanielPriestley @jmontforttx Not quite. Denmark has reduced taxes for many workers, but it also introduced a new top tax that raised the highest marginal rate to about 60.5%, and its corporation tax is still 22%

[Andrew @AndyPandyHarris]

@DrRebeccaTidy He’s describing opportunity cost, not claiming he made nothing. £125k tied up for 16 years, taxed rental income, maintenance, repairs, regulations and his own time. Comparing the gross figures and saying “you made £225k, stop complaining” ignores costs, tax, inflation. Naive.

[Andrew @AndyPandyHarris]

@Jim90165537 @RealRickRule @DanielPriestley $500 initial capital out of the boot of a track athletes car in the 60s. Perhaps someone else has some reading to catch up on.

[Andrew @AndyPandyHarris]

@Jim90165537 @RealRickRule @DanielPriestley If wealth is purely a function of manual labour, those factory workers in Indo or Vietnam would be the wealthiest on Earth. Nike started in the 60s on nothing, not primitive accumulation. Good example.

[Andrew @AndyPandyHarris]

@Jim90165537 @RealRickRule @DanielPriestley If it’s that simple, Why don’t they create it alone then?

[Andrew @AndyPandyHarris]

@SoRareMcGee @DanielPriestley @andrewwhitty Why is it for someone else to decide?

[Andrew @AndyPandyHarris]

@ListerLawrence @matthewcarter7 Land is a finite resource, and much of the world’s wealth has been built on owning it. I believe increasing pressure on farmers risks pushing land into fewer hands, concentrating power and giving larger organisations more control over food production and land use.

[Andrew @AndyPandyHarris]

@james_xond Judo and martial arts.

[Andrew @AndyPandyHarris]

@rec777777 @ZiaYusufUK @kelvmackenzie @cristo_radio Indeed. Constant lectures about taxing wealth while quietly benefiting from these exact systems. Be interesting to know if that flat has had further leverage to build more wealth via other investments.

[Andrew @AndyPandyHarris]

@68PAD @Lyndonx @AndyBurnhamGM @BurnsideWasTosh So every pension fund, central bank reserve fund or state investment vehicle is socialism?

“The clue is in the name” isn’t really an argument. The Norwegian sovereign wealth fund owns shares in capitalist companies all over the world.

[Andrew @AndyPandyHarris]

@68PAD @Lyndonx @AndyBurnhamGM @BurnsideWasTosh Britain’s issue wasn’t “too much capitalism”, it was governments of all parties spending North Sea revenues instead of ring-fencing them.

[Andrew @AndyPandyHarris]

@68PAD @Lyndonx @AndyBurnhamGM @BurnsideWasTosh Norway’s success comes from being a rich capitalist country that managed oil revenues prudently, not from abolishing capitalism. Britain’s mistake wasn’t “capitalism”; it was spending oil wealth instead of building a sovereign fund like Norway did.

[Andrew @AndyPandyHarris]

@Fatoscarter @PhilippeFlops @KirstieMAllsopp That isn’t correct. Larger landlords are “scooping up” buying whole portfolios in some instances. Lots of build to rent exempt from many rules. The huge faceless corporates are going to be the “landlords”.

[Andrew @AndyPandyHarris]

@DickDelingpole I’m so sorry for your loss, Dick. What a blessing to have had him for 91 years, and to have such a peaceful passing. I’ll pray for Malcolm’s soul and for all who loved him 🙏🏻

[Andrew @AndyPandyHarris]

@jhisbetterthanu @PoliticsJOE_UK Property industry adds circa 110 billion to UK economy annually and 2.5 million https://t.co/xBhx01WdJs advisors, valuation surveyors,solicitors,all building trades,EPC assessors,estate agents,accountants.Who would manage these properties without them?LA? Can’t cope as they are.

[Andrew @AndyPandyHarris]

@HadoukenMMA @korejay Not true. Majority of landlords have interest only mortgages they don’t “use tenants to pay off their mortgage mortgages” at all.
As it’s only the interest being serviced is the reason the rent is often slightly more plus they’ve put minimum 25% their own capital in as deposit.