Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Chancellor Will Slash Borrowing By Billions Thanks To Stamp Duty: Swell In Housing Market And Recovering Economy

Recommended Posts

http://www.dailymail.co.uk/news/article-2511560/Chancellor-slash-borrowing-billions-thanks-stamp-duty-Swell-housing-market-recovering-economy.html

Chancellor will slash borrowing by billions thanks to stamp duty: Swell in housing market and recovering economy

George Osborne on course to borrow around £105bn this year

Compared with the £120billion pencilled in at the Budget in March

However, the national debt still stands at over £1.2trillion

Everything is linked to housing...

Share this post


Link to post
Share on other sites

A long time ago (actually around 2007ish) I wrote to my MP or the Treasury complaining about stamp duty (particularly its abrupt thresholds IIRC).

HMT replied with something along the lines of "sorry we'd love to cut it but it brings in so much money we can't".

You can see the Tories now trying to "ride the bubble" the way Labour so effectively did (and killed the economy at the same time!).

Share this post


Link to post
Share on other sites

I wonder why

800px-Pyramid_scheme.svg.png

1980's MIras

1990's low intrest rats

2000's BTL

2010-1013 - Mega low interest rates

2013- Government subsidy and government lending.

2020's WWIII

It's like, it was planned.

I just got another reply from the BoE on my question...Ho do you define a housing bubble....they replied the same answer as before stating that housing was part of the economic recovery.....housing was the cause of the economic collapse.

Ponzi-tastic.

Share this post


Link to post
Share on other sites

I just got another reply from the BoE on my question...Ho do you define a housing bubble....they replied the same answer as before stating that housing was part of the economic recovery.....housing was the cause of the economic collapse.

Ponzi-tastic.

So bubble prices which haven't corrected now indicate there is a recovery. Utter genius!

Share this post


Link to post
Share on other sites

Well you heard it here first...it looks to me like the boe believe they can fix the problems cause by a massive house price bubble by relying on house prices increasing whilst interest rates at an all time low and the government guaranteeing deposits.

Does anyone see any potential problem with this solution?

Am i missing something?

This is madness if you ask me.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Well you heard it here first...it looks to me like the boe believe they can fix the problems cause by a massive house price bubble by relying on house prices increasing whilst interest rates at an all time low and the government guaranteeing deposits.

Does anyone see any potential problem with this solution?

Am i missing something?

This is madness if you ask me.

Im sure they'll monetize debt next time round again. Except then they'll need to steal 10% of your purchasing power a year instead of 5%. Sooner or later theres only so much inflation you can at least somewhat stealthily hide.

Share this post


Link to post
Share on other sites

Im sure they'll monetize debt next time round again. Except then they'll need to steal 10% of your purchasing power a year instead of 5%. Sooner or later theres only so much inflation you can at least somewhat stealthily hide.

Then what....crowds with pitch forks and flaming torches ?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.