Stamp Duty changes.
#7
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#8
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Yep, totally agree, good move imho
Don't agree with much the Tories do, but this is pretty good
Even though I have a big financial interest in London property prices
Don't agree with much the Tories do, but this is pretty good
Even though I have a big financial interest in London property prices
#9
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#10
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It's more than that. If somebody can now sell what was worth 250k for 270k they will then be able to pay an extra 20k + leverage for their next home. So in other words all properties will rise in value.
Whether you think this is a good thing or not is a matter of opinion of course.
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I think my uncles place in St George's Hill is a similar value. The place in Salcombe isn't miles off.
A place in Rock went on for £4m a while back; sold a week later for £6.5m.
Actual madness.
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#13
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A good move by Osborne, pity about the deficit, lack of real jobs, falling income tax revenues, welfare spending increasing etc. etc. No doubt it won't stop the 'I'm alright's voting for them though!
#14
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Hmm, everything above £1million starts to feel it and above 1.5 million it will get painful. That's an awful lot of houses/flats in London.
The reforms will theoretically help people to get on the ladder but will slow the market in the 1-1.5 million region. So won't we have a bottleneck? If the person with a 750k house is discouraged from moving to a 1.5 million house won't that effect all properties below?
I suppose much above 2 million it's all about the very wealthy and very high earners so perhaps the new rates won't have so much effect.
Interesting....
The reforms will theoretically help people to get on the ladder but will slow the market in the 1-1.5 million region. So won't we have a bottleneck? If the person with a 750k house is discouraged from moving to a 1.5 million house won't that effect all properties below?
I suppose much above 2 million it's all about the very wealthy and very high earners so perhaps the new rates won't have so much effect.
Interesting....
#16
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I'd say if you can afford a 1/1.5 million plus pad you aren't doing too badly in the greater scheme of things, even more so for the 2/6 million bracket. It's about time they did something for the vast majority as opposed to constantly giving to the already reasonably well off.
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#18
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I'd say if you can afford a 1/1.5 million plus pad you aren't doing too badly in the greater scheme of things, even more so for the 2/6 million bracket. It's about time they did something for the vast majority as opposed to constantly giving to the already reasonably well off.
I agree about the 2million plus bracket. However in London the 1/1.5million group are still very much cost conscious.
But I agree that this reform helps the many and makes the few pay more so it has to be a good thing.
My fear is fiscal drag. In fifteen years time there may not be a three bed house left in London that isn't close to a million squids
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#26
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Only in your tiny, twisted and bitter little mind do any of the above have ANYTHING to do with being a house price bore...
Last edited by Matteeboy; 04 December 2014 at 10:08 AM.
#27
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Yes, we all hate bores who talk about house prices. Especially ones who mention that their Uncle has a house worth £6 million.
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#30
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But it's hilarious that you try and take a swing at others for something you are one of the worst offenders for.