Friday, Mar 26, 2010
Times ask their usual panel (Mystic Meg, Russell Grant, Barratt, Savills and Nostradamus)
The Times: The Budget: Stamp duty measures leave buyers bemused
What do the vested interests think the effects of the budget will be?
The good news is that the times have just announced the're going to start charging £1 a day or £2 per week for web access to its editorial so the amount of people reading their stuff will rapidly plunge!
Posted by tenant super @ 10:36 AM (960 views) Add Comment
11 Comments
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1. Pyracantha said...
So, the article says that sellers with properties a little over £250k might drop the price to just under to attract FTB's. Not very well thought through - of course the asking price is the same for ANY potential buyer.
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. 51ck-6-51x said...
"The Treasury website crashed after Alistair Darling’s speech as perplexed first-time buyers and estate agents scoured the small print."
- FTBs? You sure, not BTLs?
4. Dan said...
'Barratt, which says that 87 per cent of its stock sells for less than £250,000, noted a 7 per cent surge in traffic on its website. '
LOL. ROFL. Too funny. Talk about grasping at straws......
5. need-a-crash said...
"But this is not really about the super-rich — £1 million is not that expensive now — this is middle-class people in London and the South East.”
Of course if you already own a £1 million house (which you probably bought for about £300k 15yrs ago) then you CAN casually talk about trading £1 million houses as though you were trading casino chips. However the next generation of "middle-class" people in London have over-stretched to pay c.£280k for a decent 1-bed flat! If buying with a partner perhaps a 2-bed flat at £450-500k would be possible; so where on earth is the income growth going to come from for £1million family homes if (heaven forbid) a couple should want children??
6. tenant super said...
@ 2
they've made up their minds, now don't confuse them with the facts/ truth!
7. need-a-crash said...
@3.
So true. The small number of my friends who manged to buy in London (with parental assistance) c.2006. Are FINALLY starting to realise, as they progress through their 30's, that while they may have managed to 'get on the ladder' they're still screwed because should they ever aspire to anything beyond a 1or2 bed flat they, like me, will NEVER be able to afford it.
8. mark said...
Labour have always penalised the middle class and wealthy and they have always lined their own pockets..
9. mountain goat said...
Read the Times Online while you still can!
Times and Sunday Times websites to charge from June
http://news.bbc.co.uk/1/hi/business/8588432.stm
10. mark wadsworth said...
What NAC @ 2 says. Let's pull up that drawbridge.
11. landofconfusion said...
5. mark said... Labour have always penalised the middle class and wealthy and they have always lined their own pockets..
Labour are (and have been since the last great war) hostile to wealth creators. You have to remember that their core electorate are people who don't work or who work in poorly paid jobs. By thinning the middle classes and making people poorer they are effectively making themselves more electable.