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dixiegrrrrl

(60,175 posts)

12. Britain has passed a law against all cash sales

Reply to TomCADem (Original post)

Fri Jul 27, 2018, 12:45 PM

Jul 2018

plus you have to show your income is based on a real and legitimate source.

the law is designed to stop out of country buyers from stashing their cash in housing, which they often leave vacant, which drives house prices.

On the surface, it sounds like a good deal. If we had a law like that, Trump could not have sold to all the Russian mobsters.

I know there are ways to defeat the intent of such a law, straw buyers comes to mind, but hopefully that is addressed by the new law.

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Highlight:

Housing market is showing signs of cracking: 'Anything-goes list-price strategy is no longer working [View all] TomCADem Jul 2018 OP

I thought that happened a while ago.... vi5 Jul 2018 #1

Crash baby crash Dopers_Greed Jul 2018 #2

A gloomy picture from an investment newsletter - progree Jul 2018 #3

I am rooting melm00se Jul 2018 #4

New tax law has to have an impact exboyfil Jul 2018 #5

My house is the size of a postage stamp & worth almost half a million. CrispyQ Jul 2018 #6

Gorgeous! ellie Jul 2018 #8

That was taken with my phone! CrispyQ Jul 2018 #9

Man I understand the urge to move there OriginalGeek Jul 2018 #11

The front range, on a clear day, viewed from downtown Denver, is stunning. CrispyQ Jul 2018 #15

That's a truly nice photo, CrispyQ Solly Mack Jul 2018 #17

If only a little bird had been perched on that twig sticking out from the upper left. CrispyQ Jul 2018 #18

No bird needed. That photo stands alone with all that beauty. Solly Mack Jul 2018 #19

trend with developers/builders near my houston area is buy land & cram in Sunlei Jul 2018 #7

Quick calc and that comes out to BumRushDaShow Jul 2018 #13

Houston still not have zoning hearings and reqirements?? Bengus81 Jul 2018 #21

The developer is permitted by the city, he's built quite a few buildings in the area. Sunlei Jul 2018 #24

I've noticed homes on the market longer blue-wave Jul 2018 #10

Britain has passed a law against all cash sales dixiegrrrrl Jul 2018 #12

"the law is designed to stop out of country buyers from stashing their cash in housing" BumRushDaShow Jul 2018 #14

same same on the West Coast. dixiegrrrrl Jul 2018 #20

That really depends on where you are. Igel Jul 2018 #16

Feels like August 2007. roamer65 Jul 2018 #22

We bought a historic district JustAnotherGen Jul 2018 #23