Stamp duty back, House price crash back as well?

the_ash_and_the_oak

Graham_Devon wrote: »

If there is another crisis, which I personally believe there will be (sometime after an emergency post election budget) the crisis this time will be different. It will be the crisis not of the banks, but of the country.

Not really sure what you mean here. Are you saying the last crisis has been resolved? (but unsuccesfully?) but that there will be a different crisis? And what do you mean by of the country?

Graham_Devon

the_ash_and_the_oak wrote: »

Not really sure what you mean here. Are you saying the last crisis has been resolved? (but unsuccesfully?) but that there will be a different crisis? And what do you mean by of the country?

I meant that (in my mind, I must point that out) the next crisis to hit us in a big way, but it won't be the banks in a crisis, with the country to bail them out.

In my mind, it will be the countries finances in a crisis, a crisis which it cannot get itself out of without raising interest rates and hitting us hard with taxes. Apparently, this pre budget report today will give us an extra £10bn over a year. We created £11bn of debt in just one single month recently.

This is all my opinion, but after reading some of the actual measures today and how they actually effect us, after hearing that labour have postponed a public spending and finance review until AFTER the election, i.e. to hide things, I believe there will be an emergency budget after the election, whether the tories or labour win it, and only at that point, will we see the cost to us of saving the countries finances.

I'm not saying the last crisis has been resolved no. I'm saying the last crisis (credit crunch as it were) has been masked over, costing us an absolute fortune, much for political gain and that we have only seen a fraction of the problems which we have yet to face on a taxypayer level.

StevieJ

Mmmmm 50% down by Christmas 2009

brit1234

StevieJ wrote: »

Mmmmm 50% down by Christmas 2009

If only they didn't cut interest rates 5% in a couple of months lol

Seriously we are going to see the end of this current kensian economics shambles shortly, shame it takes an economic international meltdown.

The next big thing is when some where in the world leaks out their big loses, we have a long way to go and a long way for house prices to fall.

The simple fact today is that the house price stimulas is starting to end and the country is in a vast heap of debt.

bo_drinker

HAMISH_MCTAVISH wrote: »

Because the average deposit is already over 25 grand. If you've got the cash to plonk down a 25K deposit, raising another grand or two for SD is no big deal.

If we were still in the times of 100% mortgages, I might agree with you that it would have an effect.

But for todays buyers, it's insignificant.

Cash is king of course, but another grand or two is another grand or two whatever. Could have been spent elsewhere thus spreading the money around a bit maybe saving jobs elsewhere or just pumping it into the economy instead of the tax mans greedy mits. What ever happens we are going to be taxed to !!!!!! soon !!!!!!.

chucky

brit1234 wrote: »

If only they didn't cut interest rates 5% in a couple of months lol

if only Carlsberg did house prices :eek:

Thrugelmir

the_ash_and_the_oak wrote: »

Not really sure what you mean here. Are you saying the last crisis has been resolved? (but unsuccesfully?) but that there will be a different crisis? And what do you mean by of the country?

What leads you to believe that matters have been fixed?

Thrugelmir

bo_drinker wrote: »

Cash is king of course, but another grand or two is another grand or two whatever. Could have been spent elsewhere thus spreading the money around a bit maybe saving jobs elsewhere or just pumping it into the economy instead of the tax mans greedy mits. What ever happens we are going to be taxed to !!!!!! soon !!!!!!.

All goes to pay off the national debt. Maybe thats why Gordan is happy for house prices to keep rising. So SD keeps coffers rolling into the Treasury.

bo_drinker

Thrugelmir wrote: »

All goes to pay off the national debt. Maybe thats why Gordan is happy for house prices to keep rising. So SD keeps coffers rolling into the Treasury.

It will hardly skim the surface of the mire we are in.
People will want to get more off the price of the house instead, swings and roundabouts

nearlynew

The point everyone is missing is why the f*ck should the government take any money from people buying houses?

I've just thought of a new soundbite............




Stamp duty is theft.