We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£24 000 stamp duty!!!! I feel ill.
Options
Comments
-
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.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
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 chappy0
-
tomstickland wrote: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.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
What would you call an average wage this day in age in anycase??!!!0
-
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...0 -
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!0 -
high house prices are a function of the worlds central banks printing too much money... in one word - INFLATION !0
-
Gorgeous_George wrote: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!0 -
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 ZERO0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards