Are Property Prices Likely to Go Down Post SDH?

FreeBear

Davesnave said:

SDLT_Geek said:

Davesnave said:

And I had a Hillman Imp that was incredibly similar to the vaccines . Work that one out!

It was a shot in the arm?

More the wallet. I was thinking in terms of the R&D for something quite innovative.

The Coventry Climax engine - Originally designed to power water pumps, and then found its way in to automotive applications. Quite a successful race engine... When used in the Hillman Imp, it was one of the first engines to use die casting for a lot of the components. Well ahead of its time.

Davesnave

GDB2222 said:

Davesnave said:

FreeBear said:

Davesnave said:

GDB2222 said:

Fiats are simply awful. How do they have the cheek?

Lets hope their footballers are as reliable. Trouble is, I'm old enough to remember British Leyland! Square Allegro steering wheel anyone? 

I'll raise you one pair of BL Metros (or rather, a pile of rust) - The Metro really was a nasty little car with no redeeming features.

And I had a Hillman Imp that was incredibly similar to the vaccines . Work that one out!

It was an absolute life saver!

Undoubtedly. But that's what everyone says, so we take that as given, just like we know Boris, Biden, Trudeau and the rest are taking these hard decisions for our ultimate benefit. I don't know why all those guys who flew down to Sun Valley in their private jets bothered themselves, when we have such competence and dedication among those who've been properly elected. Martyrs all, I guess, apart from that daft one with the beard who thought he was in space!.

The question of prices rising or falling still remains. Tough one. I'm not a gambling man, but I put money on the Hillman Imp's new-fangled technology and darn near lost the lot, so this time, if considering the purchase a house, I'd sit on my hands and hum Tony Bliar's old theme tune! Err...how did it go?

Sun's out, lunch break's over, time to go and rearrange the deck chairs....."Oh, things can only get better...."

Crashy_Time

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

MobileSaver

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Crashy_Time

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

MobileSaver

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

You'd have to ask the government that question for any chance of a definitive answer but I would guess they've been a little preoccupied with Brexit and Covid-19 perhaps?

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

You'd have to ask the government that question for any chance of a definitive answer but I would guess they've been a little preoccupied with Brexit and Covid-19 perhaps?

 SD on property has been around for a few decades though?

https://www.estateagenttoday.co.uk/features/2017/11/a-short-history-of-stamp-duty

To me it seems a no brainer to make sellers who may be profiting from years of property ponzi to cough up, they won`t be able to bump it onto the price if banks are "down valuing" so if they want to sell they can price realistically and still pay the tax owed?

RelievedSheff

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

You'd have to ask the government that question for any chance of a definitive answer but I would guess they've been a little preoccupied with Brexit and Covid-19 perhaps?

 SD on property has been around for a few decades though?

https://www.estateagenttoday.co.uk/features/2017/11/a-short-history-of-stamp-duty

To me it seems a no brainer to make sellers who may be profiting from years of property ponzi to cough up, they won`t be able to bump it onto the price if banks are "down valuing" so if they want to sell they can price realistically and still pay the tax owed?

Or perhaps they just won't sell at all which will just reduce the amount of property coming to the market further.

Scotbot

RelievedSheff said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

You'd have to ask the government that question for any chance of a definitive answer but I would guess they've been a little preoccupied with Brexit and Covid-19 perhaps?

 SD on property has been around for a few decades though?

https://www.estateagenttoday.co.uk/features/2017/11/a-short-history-of-stamp-duty

To me it seems a no brainer to make sellers who may be profiting from years of property ponzi to cough up, they won`t be able to bump it onto the price if banks are "down valuing" so if they want to sell they can price realistically and still pay the tax owed?

Or perhaps they just won't sell at all which will just reduce the amount of property coming to the market further.

Just checked my favourites and see exactly that,  a number of properties withdrawn.  No attempt to reduce price. 

MobileSaver

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Isn`t the best way for government to collect this revenue to just bump it onto sellers? 

Yes because sellers will just bump it on to buyers and buyers will just bump it on to the mortgage so the extra monthly cost on a typical 25 year mortgage will be negligible. Win/win for everyone.

Why have they not already done it in that case?

You'd have to ask the government that question for any chance of a definitive answer but I would guess they've been a little preoccupied with Brexit and Covid-19 perhaps?

 if they want to sell they can price realistically and still pay the tax owed?

The inconvenient fact that transactions are at record highs would suggest properties are being realistically priced!

Property transactions hit 10-year high in January

June set to be record month for UK property transactions