RE developer

UK Real estate development | Sharing my views and the world as I see it | All things policy, housing, Investing.

[RE developer @PolicygapUK]

@Sai_Ishaya_ They are spending £1.3bn on rods and infrastructure.

WHICH IS WHAT A FUNCTIONING GOVERNMENT SHOULD BE DOING!!!!

THATS LITERALLY THE WHOLE POINT OF A GOV!!

How are people getting angry at the gov for building roads ?

[RE developer @PolicygapUK]

@ron_mckenzie_ @HSkeptical @robertgraham @thedragonLML If their assets drop in value would you propose a rebate in the tax paid?

[RE developer @PolicygapUK]

@K4rmaRules I wake up everyday and thank the lord that our country is not run by someone who thinks like you.

[RE developer @PolicygapUK]

@ron_mckenzie_ @robertgraham @thedragonLML It’s not income or effective income.

[RE developer @PolicygapUK]

@KappaCheatma @shootercrabiel @robertgraham @thedragonLML 🤣

[Robert Graham @robertgraham]

Billionaires do not avoid taxes by taking out loans.

They do take out the loans. They don't have bank accounts. They just write a check for things, and the money comes from their margin account.

In theory, as critics point out, they never need to pay it back. The stock market (like the SP500) grows more than the interest payments, so they'd rather just keep paying interest and never pay back the loan.

In this theory, that means that when they die, they've gotten away with never having paid tax on the money.

But just because this works in theory doesn't mean they are doing this in practice. In practice, every few years, they'll sell some stock and pay down the balance, and pay taxes on this.

That's because there are problems with the theory. Debt is a risk, and there's a cost for the risk. If there's a crash in stock market, too much margin loans can bankrupt them.

Also, margin is backed by assets several times more than the loan itself, so this ties up a lot of their shares.

Thus, it's just better to occasionally pay down the margin loan.

Thus, the left has a conspiracy theory about tax evasion that really only happens in theory, but doesn't happen in real life.

[James Heale @JAHeale]

Keir Mather showing why he’s the youngest minister since Gladstone

[Mike Cosgrove @mikecosgrove]

Replace the word Wealth with Bubble and the word Collapsing with Bursting.

The government must let the housing market correct itself and zero intervention should take place.

No bailouts, no guarantees and no stimulus.

Sink or Swim.

[RE developer @PolicygapUK]

@lfg_uk The organisation running the projects should employ smaller more nimble consultancies - who have the same level of expertise, if not better, and they would get far better value for money.

[RE developer @PolicygapUK]

@lfg_uk Part of the problem is how we allow said consultants to bid for said projects.

Often they are done on a time charge basis with no incentive to value engineer, complete at pace or be efficient.

Large consultancies build their entire business model of this.

[Luke @lukeaaronmoore]

The Streetings Won't Forget

[Greg 🐦‍🔥 @GeorgeMYNWA]

Whenever you’re losing popularity, just wrap a pen bottom right and it works every time. I’m back on board. Polanski would look paraplegic trying this and Farage’s arthritis would start playing up. Look at my PM effortlessly slotting it away like it’s nothing. Love it.

[RE developer @PolicygapUK]

@Billynomates8 @moving_charlie Perhaps. And if they are valuable to the business they often will.

But fundamentally Employees don’t take anywhere near the same risk. They get paid every month, don’t have to cough up cash or forgo wages. The founder/ investor does have to do all of the above.

[RE developer @PolicygapUK]

@Billynomates8 @moving_charlie Shareholders have to pay corp tax and then dividend tax so it is actually less tax efficient than paying PAYE.

[RE developer @PolicygapUK]

@PeterMcCormack 🤣

[RE developer @PolicygapUK]

@Billyp444__ @nonregemesse Property does not compound like equities do.

[RE developer @PolicygapUK]

@user03996255 @nonregemesse It is not binary. You can, and should, do both.

Ultimately you need investments if you ever want to retire and the laws of compounding speak for themselves.

[RE developer @PolicygapUK]

@rawespresso This is one of the main reasons why people are so poor in this country. Stupid stuff like this.

[Richard | investor @digitalchampi]

Such a ridiculous argument here:

Do not listen to him.

The argument sounds convincing but it’s built on a weak foundation. Using £100/month as the example is not realistic.

On a reasonable salary you can realistically invest £750–£1,000/month, and at that level a 7% annual return gets you to roughly £1M by your mid-forties.

The bigger flaw is the false choice between skills and investing. They aren’t in competition. Someone earning £60K can develop their career and invest at the same time, and the habits you build investing small amounts early are just as valuable as the returns themselves.

I’m even assuming a modest return of 7% .

The average return of the S&P 500 over the last 20 years is approximately 10.364% annually.