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£24 000 stamp duty!!!! I feel ill.

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Comments

  • PoorDave wrote:
    Parking space for £125k in mayfair anyone? Found it on rightmove last week

    Parking space like on the road??
  • We all pay tax.

    The wealthy don't pay enough tax. There really should be a 60% or 80% limit. People don't earn massive wages, they just get paid it.

    Scrap stamp duty and house prices rise to even higher levels. Many houses rise gradually and then stop at just below one of the SD thresholds.

    I guess that the OP won't miss £24,000 very much.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    How does this "housing ladder" work? I don't understand how you can "move up the ladder" unless you keep taking on more debt for bigger houses.
    Happy chappy
  • How does this "housing ladder" work? I don't understand how you can "move up the ladder" unless you keep taking on more debt for bigger houses.

    It's done by paying a repayment mortgage instead of rent. Buying houses that need some work doing on them and doing it yourself (at night after working during the day). Selling well and getting a good price and then buying another one that needs some work doing to it.

    I've only owned 4 houses in 21 years. First was a 2 bed terrace, current one is a modest 3/4 bed detached bungalow. I don't see me moving again and I should be mortgage free by the time I'm 50. I've partied, enjoyed holidays and had kids - spent load!, saved a bit. Always worked.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Oddgy
    Oddgy Posts: 224 Forumite
    What would you call an average wage this day in age in anycase??!!!
  • sooz wrote:
    it does not cost that much to put a stamp on a document - let's call it what it really is - another tax!


    A rose by any other name is still a rose.
    ..
  • F_T_Buyer
    F_T_Buyer Posts: 1,139 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    PoorDave wrote:
    High house prices are good! They fill that big gap in your life by giving you something to write seemingly endless posts on here about! For me and others to answer. "House Prices are reasonable and fair" doesn't make a good thread.

    Also, i feel this whole thread is an excuse for the OP to let us all work out their house price and be in awe of how rich and wonderful they must be

    :beer:

    :rotfl:

    Yes, you're probably right!
  • high house prices are a function of the worlds central banks printing too much money... in one word - INFLATION !
  • Plasticman
    Plasticman Posts: 2,543 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    We all pay tax.

    The wealthy don't pay enough tax. There really should be a 60% or 80% limit. People don't earn massive wages, they just get paid it.


    It depends on what you call wealthy though. To some people £25,000 a year is wealthy, to others it's £30K or £40K or £100K. Who decides? I could probably see an argument for 60% tax at some point but 80% just seems extreme to me. Our society seems to have changed into a place where everybody expects everything for no effort. Won't we be discouraging people from hard work and ambition if we take away so much of the rewards? I'm happy to work hard - it hasn't made me wealthy yet but at least I can dream!
  • whambamboo wrote:
    Sadly, it doesn't buy you that much, at least not in London.

    You'd think, £600k, that is a lot of money for a person to have - nearly a million, and you really should be getting a massive house with at least an acre....

    Sadly not:

    £700k for a poxy flat in Hampstead
    http://www.rightmove.co.uk/viewdetails-8339653.rsp?pa_n=1&tr_t=buy

    £600k for a flat in sodding Brixton
    http://www.rightmove.co.uk/viewdetails-7768744.rsp?pa_n=1&tr_t=buy

    The world's gone mad.

    600k is getting you four bedrooms, which i think is reasonable value.

    If you don't want to pay high property prices don't live in London,

    come and live in Birmingham, house prices are far more reasonable:D

    http://www.rightmove.co.uk/viewdetails-6513986.rsp?pa_n=1&tr_t=buy

    :eek: :eek: :eek: :eek:

    (I can see this building from work, the pictures look far far better than it actually looks on the outside, you are right next door to a casino and are virtually on top of New Street Station)
    Debt of £6300 cleared in 5 years, now ZERO
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