Debate House Prices


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More drivel from Allslop. It's almost comical.

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THE TV HOMES GURU
KirstIe Allsopp, presenter of C4’s Location, Location, Location

I really wish that in the pre-Budget report Alistair Darling had done something dramatic for the property industry. Instead of reducing VAT by 2.5 per cent across the board, he should have removed it completely from certain key trades relating to property – on builders, electricians and plumbers, for example.

People don’t realise that the housing market is at the core of our economy – our houses are everything to us. We have 70 per cent home ownership in this country.

What’s happening at the moment is that there is a terrible stagnation in the housing market. It doesn’t matter if prices come down as long as people still buy and sell but they’re not doing that.

There was never a vast national benefit in house prices rocketing in the way they did.

A steady, sustainable rise would have been a good thing but the Government put its hand in the pot when it allowed stamp duty to go up so high. My first flat cost me £72,000. I paid one per cent stamp duty on that: £720.

That flat was worth £325,000 a year ago. The person buying it had to pay three per cent: more than £9,000, half a decent deposit.

No wonder stagnation set in. The cost of moving became prohibitive. When this Government came to power, stamp duty revenues were around £900million. Eighteen months ago they were nearly £7billion.

So, yes, the credit crunch has affected the housing market but that market should have been calmed long before then. The Government didn’t do anything because it was making so much money from property prices being so high.

Buying and selling houses should be as cheap as possible as far as relief and taxes are concerned.

Things aren’t going to improve until someone does something to genuinely boost transaction levels and restore confidence in the market – not prices but confidence.

We need people like MPs to go out and buy property and say: “I am prepared to invest my money in a UK property because I believe it is a solid and sound long-term investment.





Still banging on about Stamp Duty:rotfl:, does she have any idea how ridiculous she sounds.
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Comments

  • dervish
    dervish Posts: 926 Forumite
    500 Posts
    please no personal abuse towards people yiou have NEVER MET¬!

    btw why do so many people have usernames staring "ad-"?

    Also who is that in your picture?
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    dervish wrote: »
    please no personal abuse towards people yiou have NEVER MET¬!

    btw why do so many people have usernames staring "ad-"?

    Also who is that in your picture?

    1. I don't see any abuse written towards anyone I haven't met.

    2. My name is Adam, so 'ad' seems a reasonable username.

    3. It's Kristen Bell.

    Anything else ?????
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Never met, but thrusting out of a tv regularly.
    Happy chappy
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    This seemed to start from nowhere... did I miss some TV Property !!!!!! tonight?
  • GingerSte
    GingerSte Posts: 2,486 Forumite
    9 grand is half a decent deposit on a £325k house? :eek:
  • fatpig_2
    fatpig_2 Posts: 631 Forumite
    Krusty Allcrap is an ignoramus of the highest order. How did this fool get on TV?
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    just wanted to post as my name begins with ad :p
  • fatpig_2
    fatpig_2 Posts: 631 Forumite
    ad9898 wrote: »
    THE TV HOMES GURU
    KirstIe Allsopp, presenter of C4’s Location, Location, Location


    People don’t realise that the housing market is at the core of our economy –

    .
    It's unbelievable that this silly moo can still get away with spouting rubbish like this. And what qualifies her to be a guru anyway?
  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    I'm on my second mortgaged property and I've still never paid stamp duty :grin:
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • dervish
    dervish Posts: 926 Forumite
    500 Posts
    fatpig wrote: »
    Krusty Allcrap is an ignoramus of the highest order. How did this fool get on TV?

    there sno need for nastiness or personal abuse to someone you have never met!!! :mad:
This discussion has been closed.
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