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AvoidDebt

DM: George Osborne's stamp duty hike on buy-to-let and second homes has seen property sales drop by a FIFTH

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1 minute ago, AvoidDebt said:

No.

BTL saw FTBs drop from 50% to 5% in the early 2000.

The BTL IO idiots then took and more + more risk, which was grossly underpriced by the banks.

 

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30 minutes ago, moonriver said:

and this is what Henry Pryor on twitter has to say about this article...

 

Now I am wondering if the conservatives are re-elected will they will push to reverse this stamp duty hike?

I dont see why they would - they must realise that renters and future FTBs are an increasing as an electoral faction.

Edited by goldbug9999

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22 minutes ago, ThePrufeshanul said:

Wondering whether continuing high house prices may actually be a good thing as the levaraging will increase and the eventual drop will be all the bigger.

don't think so - i've been waiting long enough

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Interest rate cut in the morning by BOE to stave of political uncertainty.. They did it after Brexit so why not..  Then again if the £ and shares plunge.. Rate Rise?

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6 hours ago, macca13 said:

Interest rate cut in the morning by BOE to stave of political uncertainty.. They did it after Brexit so why not..  Then again if the £ and shares plunge.. Rate Rise?

IRs have nowhere to go - the worry is they will flood the markets with more magic money destroying our savings - they are capable of anything.

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4 minutes ago, maverick73 said:

Uncertainty is bad for a country's  reputation. Increases the credit risks, impacting cost of imports / inflation.

It certainly does... i could not even make a guess of what the next 5 years will bring.. but I don't think it will be flowers and sunshine... more like earthquakes and wildfires... 

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46 minutes ago, maverick73 said:

Uncertainty is bad for a country's  reputation. Increases the credit risks, impacting cost of imports / inflation.

Could kick off a Sterling Crisis, surprised that it hasn't started already. 

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8 hours ago, Stateless said:

Could kick off a Sterling Crisis, surprised that it hasn't started already. 

That will happen when consumers stop running around spending on mass credit injections (high's). The economy slows down, then the uber wealthy stat pulling out. 

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