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Debate House Prices
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Are People Sad Enough To Fall For The Stamp Duty Con
Comments
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Hamish, I do admire you.... I wish I could be that sure about anything in life, as you are about house prices....
The fundamentals (supply and demand) are so overwhelmingly in favour of rising prices that it's an easy call to make.
I fully expect minor fluctuations this year and next as we traverse the "bump along the bottom" phase. But over 3 years, 5 years, 10 years, the shortage is so great, and worsened by the lack of building in the recession, that the only way is up.
There will come a time, at some point in the future when the fundamentals change, when I am bearish on house prices. But it's unlikely to be anytime inside the next 15 years.“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”0 -
I personally don't see how this benefits FTBuyers....mark my words all those houses that were/are just below stamp duty WILL now rise (mainly by greed of the owner/EA) squeezing a couple of extra grand out.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
whoohoo...hello Cat!0
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I personally don't see how this benefits FTBuyers....mark my words all those houses that were/are just below stamp duty WILL now rise (mainly by greed of the owner/EA) squeezing a couple of extra grand out.
They will only rise if people are prepared to pay it.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
So a couple on £30k each were buying a £200 property, 3 x joint = 180k mortgage and 10%=20k deposit. They would have had to save up 2k STLD, now they don't have to. So they can either afford to buy say 4 months sooner or they can afford a 202k property. Not that exciting except in early 2012 when people will rush to complete before the deadline.
The property at 250-270 has always been difficult to achieve full price, this just makes it harder. And at £1m, that's an extra 10k; sellers will have to accept 999,999; probably effects anything between £1m and 1.05m where people will begrudge "wasting" 10k.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
lostinrates wrote: »whoohoo...hello Cat!
Hello LIR.....I've been to Canada "working" oh the things I do for this country sometimesIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
They will only rise if people are prepared to pay it.
Sadly thats the problem....there are a many morons that will pay well over the odds for a house nowadays....isn't that the reason we're in this mess??If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Do people really worry this is going to cause HPI?
It has just made property slightly affordable for a few.
Mind you, it does not take much to get some frothing
:)
I think it will cause HPI. Sellers will add it to the asking price. Question is will this merely slow down the pace of falls?0 -
mitchaa, where's your signature about Aberdeen house prices gone???
Deleted it a while ago now Tara as I sold my house and the figures now would be meaningless.
I could have harped on about the profit I made but the Aberdeen property market is getting a little tiresome for me now and thought I should give it a rest. Hamish has taken my place now:)0 -
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