No stamp duty <£250k

Bonia77

JayScottGreenspan wrote: »

Bloody hell!

The problem with that, I would guess, is that people don't feel they can move very often. So you end up with a relatively immobile workforce, and people living in inappropriate houses (too big or too small) and thus making less efficient use of the housing stock.

I'm am just guessing, though.

I'm not sure about this...

I think that you end up with people treating their house as home not a cash cow.

And how often do you really need to move? If you buy at the beginning a house that is suffecient for your family, you hardly ever need to move.

sarah_elton

Bonia77 wrote: »

And how often do you really need to move? If you buy at the beginning a house that is suffecient for your family, you hardly ever need to move.

Aspiration? Able to afford something with more space?

My parents technically could have brought up my brother and I in the two bed terrace they first owned when married (best they could afford at the time). But they went through a couple of three bed homes then a four bed. And that was nothing to do with making money - it was about having a home. The nicest home (in their eyes) that they could.

I don't know anyone who has stayed in the very first house they bought together. My OH's parents have been in their house for 30 years but it was still the second or third place they had.

JayScottGreenspan

Bonia77 wrote: »

I'm not sure about this...

I think that you end up with people treating their house as home not a cash cow.

And how often do you really need to move? If you buy at the beginning a house that is suffecient for your family, you hardly ever need to move.

I also think govt should encourage people to treat houses as homes rather than as investments.

IMO they should:
* tighten up the capital gains tax loopholes on second homes / investment properties
* increase capital gains tax
* gradually move to abolish mortgage tax relief for BTLers
* generally use monetary/fiscal policy to avoid housing booms/busts

“I will not allow house prices to get out of control and put at risk the sustainability of the recovery.”

Gordon Brown, 1997 Budget Statement

"We've seen house prices rise by about 180% over the last 10 years"

Gordon Brown, 2008 interview

:think:

lostinrates

sarah_elton wrote: »

Aspiration? Able to afford something with more space?

My parents technically could have brought up my brother and I in the two bed terrace they first owned when married (best they could afford at the time). But they went through a couple of three bed homes then a four bed. And that was nothing to do with making money - it was about having a home. The nicest home (in their eyes) that they could.

I don't know anyone who has stayed in the very first house they bought together. My OH's parents have been in their house for 30 years but it was still the second or third place they had.

My M-i-L owned her hoe from the time she bought early in 60s. It was sold some time after her death, when her children were adults....

DH and I would like to buy once...making the place right for us, if aspiation increases and debt being controllable we could may be extend, adapt, replace....seems things like putting in costly eco friendly solutions is a price rcouped over decades, not a few years, it seems that planting...trees and gardening, is something that is an investment in the future too. I doubt its very affordable to do that moving frequently: arguably staying more still would be better: people investing in quality craftsment and fittings, making eco adjustments to their homes, in the confidence they would benefit over the years, contributing to society more....

or not. But that's certainly what we would choose to do.

Bonia77

lostinrates wrote: »

My M-i-L owned her hoe from the time she bought early in 60s. It was sold some time after her death, when her children were adults....

DH and I would like to buy once...making the place right for us, if aspiation increases and debt being controllable we could may be extend, adapt, replace....seems things like putting in costly eco friendly solutions is a price rcouped over decades, not a few years, it seems that planting...trees and gardening, is something that is an investment in the future too. I doubt its very affordable to do that moving frequently: arguably staying more still would be better: people investing in quality craftsment and fittings, making eco adjustments to their homes, in the confidence they would benefit over the years, contributing to society more....

or not. But that's certainly what we would choose to do.

I totally agree.

So often you hear: I'm not going to get a good quality stuf for my/our house, as I'll be selling in a couple of years.

sarah_elton

It's confirmed.

No stamp duty up to £250k for FTBs, for this year. No mention of the definition of FTB - guess we need the full paperwork to be analysed in the papers before we'll know?

SingleSue

lostinrates wrote: »

My M-i-L owned her hoe from the time she bought early in 60s. It was sold some time after her death, when her children were adults....

DH and I would like to buy once...making the place right for us, if aspiation increases and debt being controllable we could may be extend, adapt, replace....seems things like putting in costly eco friendly solutions is a price rcouped over decades, not a few years, it seems that planting...trees and gardening, is something that is an investment in the future too. I doubt its very affordable to do that moving frequently: arguably staying more still would be better: people investing in quality craftsment and fittings, making eco adjustments to their homes, in the confidence they would benefit over the years, contributing to society more....

or not. But that's certainly what we would choose to do.

My parents have only bought once too....a 3 bed semi in 1969. They did look at other houses and even put an offer in on a couple in the mid to late 70's but they never worked out (beaten on one, very bad survey on the other).

They will probably keep it until they pass on, they are happy and they don't like change.

zappahey

JayScottGreenspan wrote: »

Bloody hell!

The problem with that, I would guess, is that people don't feel they can move very often. So you end up with a relatively immobile workforce, and people living in inappropriate houses (too big or too small) and thus making less efficient use of the housing stock.

I'm am just guessing, though.

You got that pretty much spot on. People don't move much, as a rule. They tend to buy, or build, one house in their lives, maybe two.

It also means that if they change jobs, they don't move and some of my colleagues drive 2 hours each way.

steve237

I'm just about to move house (in the process of instructing solicitors). I was hoping I was going to save a couple of grand with this news! Disappointed it's restricted to FTBers.

If the Tory's get in, do you think they will abolish stamp duty completely up to £250k? If so, would this likely be in an 'emergency budget' a month or so after they take office?

I'm wondering whether to delay the house move by a few months if at all possible...

sarah_elton

Really2 wrote: »

I think after 6 months you become a FTB again (even on LR stats etc).
I am sorry to here you lost but as I said the majority have gained.

But we are still waiting for the facts yet they may scrap it all together

Just called my solicitor and she doesn't know the FTB definition, but suspects we won't qualify as it will exclude anyone who has completed on a property purchase in the past.

Gutted (though I knew it was a long shot). I can understand them wanting to exclude people who have already made a lot of money in the housing boom. But I bought in 2006 and sold in 2009 and lost around £20k as a result. If I'd never bought, that's some more I can add to those losses.

Ah well, sh*t happens! That'll teach me to do alright for myself a few years back and buy a home.

Update: whacking up duty on cider - my OH was diagnosed with coeliac disease a few years ago and now drinks cider as he's allergic to beer. Getting screwed in every direction Mr. Darling!