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Prices dropping after stamp duty holiday ends

13

Comments

  • GDB2222
    GDB2222 Posts: 26,884 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Redwino222 said:
    GDB2222 said:
    Redwino222 said:
    But surely most of these folk are first time buyers who wouldn’t be paying stamp duty any way (unless buying in a very expensive market). 
    My SIL is selling his two bed flat for £450k. Really, that's more or less FTB level in London. 
    That is terrifying!  
    I agree. To get a mortgage to cover that, the income needs to be around £100k. 
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


     Low interest environment here to stay for the foreseeable. 
    Rates can increase without any change in BOE base. 
  • niceguyed
    niceguyed Posts: 328 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Thrugelmir said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


     Low interest environment here to stay for the foreseeable. 
    Rates can increase without any change in BOE base. 
    I wasn't just referring to BOE base. 
  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


    SDLT holiday ending  won't account for anywhere near 30%. Low interest environment here to stay for the foreseeable. Perhaps 10% when furlough ending bites and the heat has gone from SDLT.
    No that can’t be right.
    Inflation is going to skyrocket and interest rates will follow.

    so I’ve heard anyway 🤪
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    I feel there's a lot of greed everywhere at the moment. I would love that to calm down. 


  • niceguyed
    niceguyed Posts: 328 Forumite
    Part of the Furniture 100 Posts Name Dropper
    SpiderLegs said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


    SDLT holiday ending  won't account for anywhere near 30%. Low interest environment here to stay for the foreseeable. Perhaps 10% when furlough ending bites and the heat has gone from SDLT.
    No that can’t be right.
    Inflation is going to skyrocket and interest rates will follow.

    so I’ve heard anyway 🤪
    BOE, MPC seem fairly sanguine according to recent minutes around CPI inflation being expected to return to around the 2% target in the spring. Obviously there's a range and degree of flexibility but I don't see any analysts getting excited inflation is going to go too much above target if at all. 

    Personally I'm hoping the market cools so things are priced more realistically and stock starts to increase so we can move. The SDLT holiday has largely been a terrible policy. 
  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    niceguyed said:
    SpiderLegs said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


    SDLT holiday ending  won't account for anywhere near 30%. Low interest environment here to stay for the foreseeable. Perhaps 10% when furlough ending bites and the heat has gone from SDLT.
    No that can’t be right.
    Inflation is going to skyrocket and interest rates will follow.

    so I’ve heard anyway 🤪
    BOE, MPC seem fairly sanguine according to recent minutes around CPI inflation being expected to return to around the 2% target in the spring. Obviously there's a range and degree of flexibility but I don't see any analysts getting excited inflation is going to go too much above target if at all. 

    Personally I'm hoping the market cools so things are priced more realistically and stock starts to increase so we can move. The SDLT holiday has largely been a terrible policy. 
    Well I’m sure all those perma-prop bulls will be looking pretty stupid when the Great Depression kicks in around September time.
  • Angela_D_3
    Angela_D_3 Posts: 1,071 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    SpiderLegs said:
    niceguyed said:
    SpiderLegs said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


    SDLT holiday ending  won't account for anywhere near 30%. Low interest environment here to stay for the foreseeable. Perhaps 10% when furlough ending bites and the heat has gone from SDLT.
    No that can’t be right.
    Inflation is going to skyrocket and interest rates will follow.

    so I’ve heard anyway 🤪
    BOE, MPC seem fairly sanguine according to recent minutes around CPI inflation being expected to return to around the 2% target in the spring. Obviously there's a range and degree of flexibility but I don't see any analysts getting excited inflation is going to go too much above target if at all. 

    Personally I'm hoping the market cools so things are priced more realistically and stock starts to increase so we can move. The SDLT holiday has largely been a terrible policy. 
    Well I’m sure all those perma-prop bulls will be looking pretty stupid when the Great Depression kicks in around September time.
    September the 12th ... you heard it here first 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    niceguyed said:
    Thrugelmir said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


     Low interest environment here to stay for the foreseeable. 
    Rates can increase without any change in BOE base. 
    I wasn't just referring to BOE base. 
    What rates were you referring to?
  • niceguyed
    niceguyed Posts: 328 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Crashy_Time said:
    niceguyed said:
    Thrugelmir said:
    niceguyed said:
    SpiderLegs said:
    prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.


     Low interest environment here to stay for the foreseeable. 
    Rates can increase without any change in BOE base. 
    I wasn't just referring to BOE base. 
    What rates were you referring to?
    Libor, sofr, swaps......
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