Do you want house price to rise or fall?

westernpromise

Probably people with £15 million to spend who've noticed that the stamp duty on one £15 million property is £1,713,750 whereas the stamp duty on fifteen £1 million flats is £656,250.

In effect, if you buy fifteen properties, one of them is free.

lisyloo

westernpromise wrote: »

Probably people with £15 million to spend who've noticed that the stamp duty on one £15 million property is £1,713,750 whereas the stamp duty on fifteen £1 million flats is £656,250.

In effect, if you buy fifteen properties, one of them is free.

Let's hope they did their due dilligence on the cladding.

westernpromise

lisyloo wrote: »

Let's hope they did their due dilligence on the cladding.

Indeed. A trope of HPC and elsewhere is that landlords took no risk at all buying 5 or 10 or 15 years ago; it was surefire money. Yet the crashtrolls themselves thought it far too risky to buy property because a crash was coming (see the gem of a quote from TheCountWithNowhere in my sig). Now that it hasn't, suddenly it wasn't risky at all!

The point about cladding is well made. Asbestos likewise, in the past. You take a huge and probably unwitting risk buying one of these. I have to say I've never considered high-rise property due to neighborhood if ex-council, and overpricing for the build quality if private new build. But even if those factors hadn't ruled these places out, I'd never have considered lack of fire escapes, nor imagined that the cladding or other features might work as a fire accelerant.

Risky business, property. Buy what you'd like to live in, handy for transport, shops and schools, I guess.

lisyloo

Good to hear that BT will be moving their HQ from central London.

westernpromise

Does anyone find that this thread keeps showing as having a new message in it when the last one (before this) was in fact nearly 3 weeks ago??

lisyloo

yes..................

HPC_Ghuol_Hunter

It would be good to have a list of those who voted for them to fall. Name and shame please.

Pulpstar

Where is the option for them to stay absolubtely flat ?


My blog -



http://ponyonthetories.blogspot.com/2017/11/housing.html :>


Happily we've now bought what I hope will be our 'forever home'

lisyloo

HPC_Ghuol_Hunter wrote: »

It would be good to have a list of those who voted for them to fall. Name and shame please.

I'd like them to come down a bit (not crash).
This is not because I want to profit or watch someone else's misery.
Far from it, this is because I want it to be easier for ordinary hard working people to buy a family home.


Why should I feel shame for wanting a bit less inequality in this country? A completely differnt posisiton from a crash troll.



As a home owner it would be in my vested interest for them to rise, so not a vote in my own interest.


Anyway - what does what I want have to do with reality? it has no bearing whatsoever on the market or any other factors.

GreatApe

lisyloo wrote: »

I'd like them to come down a bit (not crash).
This is not because I want to profit or watch someone else's misery.
Far from it, this is because I want it to be easier for ordinary hard working people to buy a family home.

Why should I feel shame for wanting a bit less inequality in this country? A completely differnt posisiton from a crash troll.

As a home owner it would be in my vested interest for them to rise, so not a vote in my own interest.

Anyway - what does what I want have to do with reality? it has no bearing whatsoever on the market or any other factors.

House price movements up or down dont change affordability all that much for the majority because the majority already own and a majority that do not own have gifts/inheritances that correlate with house prices.

The most logical thing to want is house prices to boom even to go up 10 x because the only way that would be possible is if real incomes and real GDP goes through the roof.