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Debate House Prices


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Are People Sad Enough To Fall For The Stamp Duty Con

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    tara747 wrote: »
    mitchaa, where's your signature about Aberdeen house prices gone??? ;)

    :rotfl:

    Mine is still there.

    Aberdeen prices are around 15K higher in January 2010 than they were in January 2007.

    148K in Jan 2007, 167K in Jan 2010. ;)

    Not bad going for a "house price crash".....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    tara747 wrote: »
    It won't cause HPI, it will just save FTBs who were thinking of buying anyway a few £££s.

    So no con to fall for then. :)

    I think it is at least a bit of an offer to FTB's I am surprised that so many on here who wanted lower cost housing for FTB's have been so against this.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Really2 wrote: »
    Do people really worry this is going to cause HPI?
    It has just made property slightly affordable for a few.

    I'm inclined to agree.

    Of course, there is also the potential to raise prices by increasing deposit size and leverage.

    If you don't have to spend 2K on stamp duty, and add it to a deposit instead, thats another 10K to 12K worth of house you can buy with the mortgage leverage.

    Mind you, it does not take much to get some frothing ;):)

    Certainly doesn't....:rotfl:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 24 March 2010 at 5:37PM
    HAMISH_MCTAVISH wrote: »

    Aberdeen prices are around 15K higher in January 2010 than they were in January 2007.

    148K in Jan 2007, 167K in Jan 2010. ;)

    Not bad going for a "house price crash".....

    So, 19k then, not £15k. :rotfl:

    p.s. WELL DONE ABERDEEN! :T:T:T The only place in the country to defy - nay, c.o.c.k a snook at - the house price crash.
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Really2 wrote: »
    So no con to fall for then. :)

    I think it is at least a bit of an offer to FTB's I am surprised that so many on here who wanted lower cost housing for FTB's have been so against this.

    Oh, I am certainly pleased about it. I reckon OH and I will probably look at buying in 2012 so we will no doubt benefit from this (as long as Giddy Osborne doesn't reverse it if he gets into No 11). :rotfl:
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Oh, happy day to be a prospective FIRST TIME BUYER :rotfl: (can't wait for my colleagues to cotton on and start lecturing me to 'buy now' etc etc).
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    tara747 wrote: »
    (as long as Giddy Osborne doesn't reverse it if he gets into No 11). :rotfl:

    More likely to be open to all by then than removed.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    tara747 wrote: »

    p.s. WELL DONE ABERDEEN! :T:T:T The only place in the country to defy - nay, !!!! a snook at - the house price crash.

    Not the only place at all.

    Quite a few places have already crossed the previous peak, many more will this year.

    In most of the country, prices are within 10% of peak on average, and have risen for 10 out of the last 12 months.

    The crash is history. Minor fluctuations may well remain, but it's an upwards trend from here.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Bonia77
    Bonia77 Posts: 83 Forumite
    edited 24 March 2010 at 5:43PM
    HAMISH_MCTAVISH wrote: »
    Not the only place at all.



    The crash is history. Minor fluctuations may well remain, but it's an upwards trend from here.

    Hamish, I do admire you.... I wish I could be that sure about anything in life, as you are about house prices....
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Absoloutely. Most potential first-time buyers will see this as an excellent move. They'll also be hoping that lending criterias are loosened further. What you need to understand is that your typical wannabee buyer views improved affordabilty as the ability to borrow higher LTVs at higher multiples, not prices coming down.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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