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TheCountOfNowhere

The Real Reason The Government Has Forced Up The Cost Of Housing....

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Yes, you guessed it...TAX. Pure and Simple.

http://www.dailymail.co.uk/news/article-2730775/Osborne-rakes-1bn-stamp-duty-bonanza-amid-house-price-boom-Government-borrowing-soars-10bn.html

"

Osborne pockets £1bn in stamp duty bonanza as house prices soar... "but Government borrowing still rises by £10bn"

the public sector refuse to take their medicine and they are just taxing us into the ground to keep their cushy number going.

people must generally be stupid to fall for this.

DAVE, STOP HELPING US.

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Quite frankly, the fact that this is worthy of a news headline is depressing.

Stamp duty and the costs of selling / buying are three of the things that keep me renting.

Edited by LiveinHope

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I wouldnt give them the credit to realise that if they created a bubble theyd get more tax in.

They just wanted a bubble.

Besides if prices crashed and more houses sold surely they'd steal just as much money.

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But it's blatantly not true! :rolleyes:

Why drive up the cost of something that you have to rent from somebody else? You just end up paying more for it. Just look at the housing benefit bill...... Just look at it! :lol:

FLICKMe_zps84618315.jpg

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But it's blatantly not true! :rolleyes:

Why drive up the cost of something that you have to rent from somebody else? You just end up paying more for it. Just look at the housing benefit bill...... Just look at it! :lol:

FLICKMe_zps84618315.jpg

Winter fuel allownce

Free bus pass

What other benefits are wealthy pensioners scamming out of the system?

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Winter fuel allownce

Free bus pass

What other benefits are wealthy pensioners scamming out of the system?

They make up a big chunk of the non-working HB bill, and 600M on free TV licences by the looks. That's can't be right can it?

But you're right - we could do with policing pensioner benefits better, if only to make sure they go to pensioners who really need them.

Edited by byron78

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Osborne pockets £1bn in stamp duty bonanza as house prices soar...

"but Government borrowing still rises by £10bn"

Borrowing money to Help To Bump up house prices to increase the tax take.

That must be what they mean by "getting the economy back on track", "sorting the economy out", "rebalancing the economy" and "reducing the deficit".

It's one way of reducing the deficit (at the expense of more debt) - but it's more like turning the economy inside out and upside down.

Edited by billybong

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Guest Jemmy Button

Yes, you guessed it...TAX. Pure and Simple.

http://www.dailymail.co.uk/news/article-2730775/Osborne-rakes-1bn-stamp-duty-bonanza-amid-house-price-boom-Government-borrowing-soars-10bn.html

"

Osborne pockets £1bn in stamp duty bonanza as house prices soar... "but Government borrowing still rises by £10bn"

the public sector refuse to take their medicine and they are just taxing us into the ground to keep their cushy number going.

people must generally be stupid to fall for this.

DAVE, STOP HELPING US.

It is The Daily Mail, though...

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More private sector debt = less govt borrowing, everything else being equal. This, essentially, is Osborne's motivation.

Osborne's only motivation is to get the maximum number of votes for his party and to advance his own career. Nothing more, nothing less.

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Yes, you guessed it...TAX. Pure and Simple.

http://www.dailymail.co.uk/news/article-2730775/Osborne-rakes-1bn-stamp-duty-bonanza-amid-house-price-boom-Government-borrowing-soars-10bn.html

"

Osborne pockets £1bn in stamp duty bonanza as house prices soar... "but Government borrowing still rises by £10bn"

the public sector refuse to take their medicine and they are just taxing us into the ground to keep their cushy number going.

people must generally be stupid to fall for this.

DAVE, STOP HELPING US.

Sorry but you have fallen for it yourself by doing this thread.

If they raise the stamp duty thresholds it will mean house prices will rise. Sales congregate below the thresholds. Raising stamp duty thresholds will be sold as helping people but it will do exactly the opposite. If the 250k threshold goes to 275k or even 300k then if people who would have paid 250k then pay 260, 270 etc they pay more at the 1%. Plus if they pay £20k extra for the house they might pay £40k extra in total over the mortgage term.

As to tax, HPI is not about stamp duty it's about income tax. If people have to pay more for a house they have to work more hours to be able to afford it and so pay more income tax. Joint income mortgages have forced more women to work and banks have captured more full time second incomes.

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The basic reason was that just they felt a desperate need to bring down the rise in the public debt in the wake of the Finaincial Crisis and the propping up of the banks (and the threat to the currency and bonds) by ladelling the debt onto the private sector.

+1 (and it was all so unexpected to the BoE and the LibLabCon etc)

It's terrifying what public sector debt would have been like otherwise.

The rapidly increasing public sector debt went exponential after the 2007/2008 economic calamity and exponential plus after the 2010 general election. It must be getting towards tetrational now.

(of course they say they're reducing the deficit but they could hardly do otherwise with the interest rate effectively at zero)

Edited by billybong

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+1 (and it was all so unexpected to the BoE and the LibLabCon etc)

It's terrifying what public sector debt would have been like otherwise.

The rapidly increasing public sector debt went exponential after the 2007/2008 economic calamity and exponential plus after the 2010 general election. It must be getting towards tetrational now.

(of course they say they're reducing the deficit but they could hardly do otherwise with the interest rate effectively at zero)

It is a massive snowball and it is picking up speed.

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Apparently it's all the fault of the stamp duty..... because it can't be borrowed.

http://www.telegraph.co.uk/finance/economics/11049841/Silly-war-on-homebuyers-is-doing-the-Treasury-more-harm-than-good.html

You can borrow the stamp duty! As long as you meet your bank's LTV requirements...

Though obviously, it would cost you a fortune, as you'd have to pay back about the same again in interest on the stamp duty...

Edited by RentaBear

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You can borrow the stamp duty! As long as you meet your bank's LTV requirements...

Sweet....pay interest on your tax. The bankers and the government have really stitched up a whole country !!!

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It is a massive snowball and it is picking up speed.

300px-UK_National_Debt.svg.png

Give that the GDP figures are being supported by the debt itself, we have a problem.

Edited by TheCountOfNowhere

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Sorry but you have fallen for it yourself by doing this thread.

If they raise the stamp duty thresholds it will mean house prices will rise. Sales congregate below the thresholds. Raising stamp duty thresholds will be sold as helping people but it will do exactly the opposite. If the 250k threshold goes to 275k or even 300k then if people who would have paid 250k then pay 260, 270 etc they pay more at the 1%. Plus if they pay £20k extra for the house they might pay £40k extra in total over the mortgage term.

As to tax, HPI is not about stamp duty it's about income tax. If people have to pay more for a house they have to work more hours to be able to afford it and so pay more income tax. Joint income mortgages have forced more women to work and banks have captured more full time second incomes.

I think you miss my point.

There is too much tax.

Tax on basic shelter is obscene.

We need to start abolishing taxation and getting rid of the people forcing us to pay so much of it.

I am happy to pay a % of tax for the greater good.

I am not willing to pay 60% and I am not willing to pay tax for a shelter and the privilege of being a sitting duck for more tax

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the public sector refuse to take their medicine and they are just taxing us into the ground to keep their cushy number going.

Since Osborne is running large deficits you have this the wrong way around.

Tax is far too low.

That shall become apparent after the election as taxes inevitably rise.

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I think you miss my point.

There is too much tax.

Tax on basic shelter is obscene.

We need to start abolishing taxation and getting rid of the people forcing us to pay so much of it.

I am happy to pay a % of tax for the greater good.

I am not willing to pay 60% and I am not willing to pay tax for a shelter and the privilege of being a sitting duck for more tax

The thread isn't about general taxation, it only suggests we pay too much stamp duty. If that were "reduced" by means of increasing the thresholds it's more HPI than HPC. It seems like the media is getting us ready for changes at either the Tory Conference or Autumn Statement.

Would you like 0% Stamp Duty?

Personally I'd take stamp duty increased in exchange for no tax on savings.

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Since Osborne is running large deficits you have this the wrong way around.

Tax is far too low.

That shall become apparent after the election as taxes inevitably rise.

With current tax rates so high, he's having a laff if he thinks increasing the tax rate will increase tax revenue.

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But it's blatantly not true! :rolleyes:

Why drive up the cost of something that you have to rent from somebody else? You just end up paying more for it. Just look at the housing benefit bill...... Just look at it! :lol:

FLICKMe_zps84618315.jpg

This is the 'Big boyz' benefit divi up. Employment and support allowance is a subsidy to employers for less-than-living-wage wages, Housing allowance can be divided between employer benefit and landlord benefit both of which could be removed if employers paid wages and housing cost the real price of building and maintaining. dito some of the other disguised working/unemployed class benefits designed to subsidise a rich mans/companies opperations or feather their nests directly.

Nothing compared to bank bail out and offshore tax haven conduits

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Labour have forced up house prices to create a socalist state where more and more people are reliant on state handouts (HB) for housing and vote Labour to keep the cash flowing.

The Tories have done it to make their middle and upper class voting base richer.

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