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Debate House Prices


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If we vote for Brexit what happens

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Comments

  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    The Government should remove Stamp Duty totally and introduce Capital Gains Tax set at 20% on all sales. This would change the housing market.......
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    glasgowdan wrote: »
    Most of us recognise the fact that, to some: "the UK housing market is in a bubble" = "I can't afford the type of house I'd love to live in".


    No, it means there was a global credit binge created for political reasons, the main beneficiaries of which were bankers and politicians, that burst and is now on emergency support from central banks until they figure out how to unwind it.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    mrlegend123 wrote: »
    The Government should remove Stamp Duty totally and introduce Capital Gains Tax set at 20% on all sales. This would change the housing market.......


    And maybe change the government, but as a majority just voted to leave the EU under threat of a HPC then they might just get away with it.
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    Crashy_Time wrote: »
    No, it means there was a global credit binge created for political reasons, the main beneficiaries of which were bankers and politicians, that burst and is now on emergency support from central banks until they figure out how to unwind it.

    I agree, countries are on life support trying to fight against deflation. Look at the money markets and the bond markets. The graphs clearly show what is happening and it doesn't look nice. I say let us deflate naturally so that a generation are able to buy houses and be able to pay into pension schemes.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Well I started saying it in 2007, so many parts of the country not far off, but still a bubble on life support.
    Yea. .
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mrlegend123 wrote: »
    The Government should remove Stamp Duty totally and introduce Capital Gains Tax set at 20% on all sales. This would change the housing market.......
    That would change housing market no one downsizing, less people trading up.
  • glasgowdan
    glasgowdan Posts: 2,968 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    This forum needs an ignore button, it's becoming tres boring
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    ukcarper wrote: »
    That would change housing market no one downsizing, less people trading up.

    I know, the CGT would fund the building of affordable houses therefore helping FTBs getting onto the property market. Eventually people would adjust to the tax.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mrlegend123 wrote: »
    I know, the CGT would fund the building of affordable houses therefore helping FTBs getting onto the property market. Eventually people would adjust to the tax.
    No it would kill the housing market as I said no one would downsize and it would make upsizing very difficult.
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    glasgowdan wrote: »
    This forum needs an ignore button, it's becoming tres boring

    I have got a solution for you, don't click onto the forum.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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