Reply to: Stamp duty suspended (but with a snag)

[NickFitz]

I detect a common theme running through this and many other threads on this board.

Good news: free buns for the poor.

Bad news: I'm not poor. WHAT ABOUT ME! I WANT FREE BUNS!!!

How come none of you ever focus on the "I'm not poor" bit, and thank your lucky stars?

[AtW]

In 1 day

The value of UK house market was like £1 trln at least, so 10% drop in that value is £100 bln. If value drops (like it should now) by 50% in total that would be loss of £500 bln.

[Bagpuss]

The economy in 1992 had already been through a major recession. The ERM was a mistake but hardly made things that much worse. He lost us 7 Billion pounds, but Brown has lost us multiples of that over the past 10 years, through selling our gold, the Iraq war, NHS waste, tax credit waste etc etc etc.

In 1 day

[AtW]

She really is a despicable piece of dirt, isn't she?

Hazel Blears makes Tony Bliar look like an honest and trustworthy person.

[AtW]

The situation is so difficult that I think not even a brilliant person could solve it easily - Brown and Darling however look like headless chickens - like £175k threshold for stamp duty (just for a year - does it start right now of from 1 Jan 2009?) matter a bit - even if they abolished stamp duty completely it won't solve the problem - no cheap endless pot of money available to lend people to buy houses at current prices, so the prices will have to fall to levels 40-50% off peak - either via inflation or direct price, most likely both. Pound is dropping now like a stone so inflation in the UK won't decrease as much as otherwise - I actually think we will see almost parity with the euro in 2009 and back to $1.6 for a quid.

[Cyberman]

She really is a despicable piece of dirt, isn't she?

What made me chortle later was Normo Lamont the useless chancellor who refused to resign after ruining the economy being interviewed about government's scheme saying "that was wink all use when we tried it" - in other words "I was tulipe - but they are tulip" which kind of sums it all up really.

The economy in 1992 had already been through a major recession. The ERM was a mistake but hardly made things that much worse. He lost us 7 Billion pounds, but Brown has lost us multiples of that over the past 10 years, through selling our gold, the Iraq war, NHS waste, tax credit waste etc etc etc.

[Cyberman]

On the telly this morning, she was asked twice about whether there'd be a stamp duty change but refused to answer saying it was a matter for the Chancellor. Weird.

What annoys me the most in all this is the way they justify it by saying it helps first time buyers. It doesn't help first time buyers; it helps the sellers. The best way to help first time buyers is to ensure a crash.



I'm convinced they're now trying to scupper the country to make life worse for the conservatives.

Ensuring a crash would have side effects such as high unemployment which surely will not help first time buyers.

[Peoplesoft bloke]

Listening to Hazel Blears on the radio this morning I had to fight the urge to stab her in the face. Once I overcome that inner turmoil, I listened to her saying the money was due to be spent in a few years time but they decided to spend it now.

Clearly, they know they won't be around to spend it after 2010 so they may as well get rid of it now...

She really is a despicable piece of dirt, isn't she?

What made me chortle later was Normo Lamont the useless chancellor who refused to resign after ruining the economy being interviewed about government's scheme saying "that was wank all use when we tried it" - in other words "I was tulipe - but they are tulip" which kind of sums it all up really.

[VectraMan]

Listening to Hazel Blears on the radio this morning I had to fight the urge to stab her in the face. Once I overcome that inner turmoil, I listened to her saying the money was due to be spent in a few years time but they decided to spend it now.

On the telly this morning, she was asked twice about whether there'd be a stamp duty change but refused to answer saying it was a matter for the Chancellor. Weird.

What annoys me the most in all this is the way they justify it by saying it helps first time buyers. It doesn't help first time buyers; it helps the sellers. The best way to help first time buyers is to ensure a crash.

Clearly, they know they won't be around to spend it after 2010 so they may as well get rid of it now...

I'm convinced they're now trying to scupper the country to make life worse for the conservatives.

[ratewhore]

Listening to Hazel Blears on the radio this morning I had to fight the urge to stab her in the face. Once I overcome that inner turmoil, I listened to her saying the money was due to be spent in a few years time but they decided to spend it now.

Clearly, they know they won't be around to spend it after 2010 so they may as well get rid of it now...

[Dow Jones]

Incentive

It's like the Sofa people giving 2 yrs to pay and 0% interest, not many takers there either.
Barratts/Wimpey/etc have been trying this along with their other gimmicks, like free legal and removal costs to no avail. The No 1 priority for Darling should be to shut up, give some tax back (unlikely) and not make things worse than they are by trying 'quick fixes'.

[NotAllThere]

Which, considering the average house price in the UK is £219K, is about as useful as a paper kettle.

You should read this http://news.bbc.co.uk/2/hi/uk_news/magazine/7581120.stm

It is entirely possible for the average house price to be £219K, while the majority of houses cost less than £175K.

[VectraMan]

Which, considering the average house price in the UK is £219K, is about as useful as a paper kettle.

Or £165K, if you believe a different part of the BBC.

[chicane]

By Christmas 95% of properties will be under the 175k threshhold, so it will benefit everyone very soon.

luxury apartments

[chris79]

By Christmas 95% of properties will be under the 175k threshhold, so it will benefit everyone very soon.