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Guest KingCharles1st

A Bit Of Hpc Nostalgia For You.

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Guest KingCharles1st

Full article here- January 2005

"On the one hand, ministers have treated rising house prices as a good thing: they give younger people an incentive to "get on the ladder", they allow existing owners to build up equity in their purchase, they generate a feel-good factor among those whose assets are increasing and encourage further spending based on the increasing equity. Some of that spending then goes back into the housing stock in the form of buy-to-let purchases, loans for which attract tax relief. Rising prices please home-owners and they please the government, too, because they bring in large sums in the form of stamp duty, inheritance tax and capital gains tax."

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Full article here- January 2005

"On the one hand, ministers have treated rising house prices as a good thing: they give younger people an incentive to "get on the ladder", they allow existing owners to build up equity in their purchase, they generate a feel-good factor among those whose assets are increasing and encourage further spending based on the increasing equity. Some of that spending then goes back into the housing stock in the form of buy-to-let purchases, loans for which attract tax relief. Rising prices please home-owners and they please the government, too, because they bring in large sums in the form of stamp duty, inheritance tax and capital gains tax."

Sorry, but I thought we were no back in 2004.

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