MalcSB
Well-Known Member
I know it did British Leyland the world of good.
I know it did British Leyland the world of good.Nor do you seem to know how it works
The post covid stamp duty relief ahead a similar inflationary impact, in that there was a scramble to purchase before it ended. The relief did not, per se, cause the increase in house prices, it was the temporary nature of the relief.
My “highly unlikely” response was to a suggestion that first time buyers relief might encourage FTBs to hold off and but a more expensive house. You have, again, responded to what you want to rather than what was said.
It is quite clear that the ending of a property related relief will have an inflationary effect on house prices. It happened on the late 80’s dual mortgage interest relief was stopped for new purchases. Prices boomed but then plummeted shortly thereafter.
The post covid stamp duty relief ahead a similar inflationary impact, in that there was a scramble to purchase before it ended. The relief did not, per se, cause the increase in house prices, it was the temporary nature of the relief.
Stamp duty is an awful tax as the article says. Abolishing it would not necessarily increase prices. It would certainly encourage older people, say like me, who live in a house that is arguably too big for them but don’t want to throw away £25k total moving costs. Council tax is also an awful tax and the comparisons with Westminster are bonkers.
Fuck off am I making stuff up.The post covid relief was temporary and people had to get their arse in gear to reap the benefit, so of course there was a scramble from the outset. I missed out on saving £13,500 due to a combination of the sellers and crap conveyancers. Had it been a permanent reduction, the price increase would not have been so significant.Now you’re just making stuff up. There was absolutely an acceleration of house prices at the outset of the stamp duty holiday. You’ve reduced the cost to move whilst supply remains the same, of course it’ll see an increase in the price point. It’s basic economics.
Firstly, £25k moving costs? “Highly unlikely”.
Secondly, I wonder if there would be some merit in effectively mapping SDLT to council tax bands i.e. if you’re moving from a band C to a band E, you pay X% whereas a band D to a band E is a reduced Y%. This could then be reversed if you come down the bands as a rebate. Not costed it in any fashion, literally something I’ve just thought of but could see further encouragement to downsize. Obviously the council tax bands would need to be re-assessed but think that’s being spoken about anyway at the moment.
Nigel should write a song about it!See Shmeee, we can agree on some stuff
Can you see Society lurching to the right though when there is no counterbalance.
Were you in estate agency by any chance?My “highly unlikely” response was to a suggestion that first time buyers relief might encourage FTBs to hold off and but a more expensive house. You have, again, responded to what you want to rather than what was said.
It is quite clear that the ending of a property related relief will have an inflationary effect on house prices. It happened on the late 80’s dual mortgage interest relief was stopped for new purchases. Prices boomed but then plummeted shortly thereafter.
The post covid stamp duty relief ahead a similar inflationary impact, in that there was a scramble to purchase before it ended. The relief did not, per se, cause the increase in house prices, it was the temporary nature of the relief.
Stamp duty is an awful tax as the article says. Abolishing it would not necessarily increase prices. It would certainly encourage older people, say like me, who live in a house that is arguably too big for them but don’t want to throw away £25k total moving costs. Council tax is also an awful tax and the comparisons with Westminster are bonkers.
Nope, but a keen follower of the housing market from time to time. Moved 17 times in 45 years.Were you in estate agency by any chance?
But if downsizing leaves you on a winner ultimately,expenses you incurred all your life?My “highly unlikely” response was to a suggestion that first time buyers relief might encourage FTBs to hold off and but a more expensive house. You have, again, responded to what you want to rather than what was said.
It is quite clear that the ending of a property related relief will have an inflationary effect on house prices. It happened on the late 80’s dual mortgage interest relief was stopped for new purchases. Prices boomed but then plummeted shortly thereafter.
The post covid stamp duty relief ahead a similar inflationary impact, in that there was a scramble to purchase before it ended. The relief did not, per se, cause the increase in house prices, it was the temporary nature of the relief.
Stamp duty is an awful tax as the article says. Abolishing it would not necessarily increase prices. It would certainly encourage older people, say like me, who live in a house that is arguably too big for them but don’t want to throw away £25k total moving costs. Council tax is also an awful tax and the comparisons with Westminster are bonkers.
Give him a knock,see if he has any spare eggs, I hear they're not bad!Bloke opposite me has an "estate agent" type vote Reform sign up at the end of his drive, someone has defaced it with "Be Kind"... he's the bain of my life tbh, he keeps Geese and they wake me up every morning when he lets them out!!!.
Further up the road a house that's recently changed hands for £850k has a similar sign up for vote Labour....can never judge a book by its cover.
I have no intention of downsizing whilst the costs are so high. I have already paid a fortune to that end, someone else can keep estate agents and conveyancers in luxury.But if downsizing leaves you on a winner ultimately,expenses you incurred all your life?
Problem is, they dont build them in 2024 to any great standard at all. So you can imagine that adjoining walls would be paper thin, fixtures and fittings minimum standard, outside space negligible and local facilities non existent . They might provide a roof over someones head but quality of life….nah !I'd also suggest that an increase in the threshold is to cushion house builders who look for profit per square metre rather than what's needed. Maybe if instead of estates of three, four, five bed detached houses we started building some two bed terrace, and three bed semis we might actually end up with a decent supply for first time buyers, and therefore fairer prices that didn't need any threshold manipulation.
Shmmeee wants 5 storey apartment blocks. Great for letting your kids play out.Problem is, they dont build them in 2024 to any great standard at all. So you can imagine that adjoining walls would be paper thin, fixtures and fittings minimum standard, outside space negligible and local facilities non existent . They might provide a roof over someones head but quality of life….nah !
He wants 5 storey apartment blocks on top of 5 storey apartment blocks by the sound of it.Shmmeee wants 5 storey apartment blocks. Great for letting your kids play out.
Problem is, they dont build them in 2024 to any great standard at all. So you can imagine that adjoining walls would be paper thin, fixtures and fittings minimum standard, outside space negligible and local facilities non existent . They might provide a roof over someones head but quality of life….nah !
If only it was warmer here.He wants 5 storey apartment blocks on top of 5 storey apartment blocks by the sound of it.
The only time this sort of thing can work is if they have lots of vibrant squares with lots of cafes, bars and small businesses underneath with plentiful parks and gardens nearby…..sort of like in Spain
He wants 5 storey apartment blocks on top of 5 storey apartment blocks by the sound of it.
The only time this sort of thing can work is if they have lots of vibrant squares with lots of cafes, bars and small businesses underneath with plentiful parks and gardens nearby…..sort of like in Spain
My first house was 3 years wages. Unfortunately I saw no profit from it. Or anything I bought until 2016.My heart bleeds for the poor pensioners whose first house was about a years wages
I would imagine the response also applies to Labour’s manifesto,Relevant to a few comments in this thread
If you are really lucky, you will be a pensioner too one day.My heart bleeds for the poor pensioners whose first house was about a years wages
If you are really lucky, you will be a pensioner too one day.
Yeah I hope to live to 75+ to get thereIf you are really lucky, you will be a pensioner too one day.
I think by the time most of us get there the state pension won't exist.Yeah I hope to live to 75+ to get there
My grandparents bought their house in Coventry in the early 60s for a few grand. It ended up getting sold in the last few years for over half a million. Were they still around yes I think they’d be laughing!I do.
If only they hadn’t had 15+% interest rates, they would have really been laughing.
There will have to be something for all those not to have made any provision, paid for by those who have.I think by the time most of us get there the state pension won't exist.
Were they around when it was sold? If not, they haven’t seen a penny of that increase and it is their heirs that have benefitted.My grandparents bought their house in Coventry in the early 60s for a few grand. It ended up getting sold in the last few years for over half a million. Were they still around yes I think they’d be laughing!
lrrelevant.Were they around when it was sold? If not, they haven’t seen a penny of that increase and it is their heirs that have benefitted.
No it isn’t.lrrelevant.
It is. The asset could have been cashed in at any point and indeed several of their neighbours sold up when alive to make essentially £500k of profit.No it isn’t.
It really isn’tlrrelevant.
It is. The asset could have been cashed in at any point and indeed several of their neighbours sold up when alive to make essentially £500k of profit.
Beer was 10p a pint when I was a lad, not £6 plus. Should people today feel disadvantaged? It’s the way things have panned out.It is. The asset could have been cashed in at any point and indeed several of their neighbours sold up when alive to make essentially £500k of profit.
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