AvoidDebt Posted June 8, 2017 Share Posted June 8, 2017 Land Registry data reveals the tax rises have ‘shattered’ the housing market Yesterday, Land Registry data showed that property sales have fallen by 19 per cent in the 12 months since the surcharge was introduced, and by 33 per cent in London. http://www.dailymail.co.uk/news/article-4582924/Osborne-s-stamp-duty-hike-sees-property-sales-drop.html Quote Link to comment Share on other sites More sharing options...
spyguy Posted June 8, 2017 Share Posted June 8, 2017 1 minute ago, AvoidDebt said: Land Registry data reveals the tax rises have ‘shattered’ the housing market Yesterday, Land Registry data showed that property sales have fallen by 19 per cent in the 12 months since the surcharge was introduced, and by 33 per cent in London. http://www.dailymail.co.uk/news/article-4582924/Osborne-s-stamp-duty-hike-sees-property-sales-drop.html 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. Quote Link to comment Share on other sites More sharing options...
moonriver Posted June 8, 2017 Share Posted June 8, 2017 and this is what Henry Pryor on twitter has to say about this article... Quote Henry PryorVerified account @HenryPryor 32m32 minutes ago More unchecked, casually researched b*llocks from @Mail. Now I am wondering if the conservatives are re-elected will they will push to reverse this stamp duty hike? Quote Link to comment Share on other sites More sharing options...
LC1 Posted June 8, 2017 Share Posted June 8, 2017 Oh, ok. Nothing at all to do with the insanely high prices then? Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 8, 2017 Share Posted June 8, 2017 (edited) 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 June 8, 2017 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2017 Share Posted June 8, 2017 And on the other hand The Osborne evening standard says something different - vote Tory for continuing high house prices: http://www.standard.co.uk/business/fears-over-house-prices-mount-on-eve-of-general-election-a3559041.html Quote Link to comment Share on other sites More sharing options...
ThePrufeshanul Posted June 8, 2017 Share Posted June 8, 2017 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. Quote Link to comment Share on other sites More sharing options...
Wayward Posted June 8, 2017 Share Posted June 8, 2017 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 Quote Link to comment Share on other sites More sharing options...
A third of everything Posted June 8, 2017 Share Posted June 8, 2017 10 hours ago, Wayward said: don't think so - i've been waiting long enough I agree with this - life on hold while the housing market sorts itself out, seriously resent the situation Quote Link to comment Share on other sites More sharing options...
macca13 Posted June 9, 2017 Share Posted June 9, 2017 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? Quote Link to comment Share on other sites More sharing options...
Wayward Posted June 9, 2017 Share Posted June 9, 2017 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. Quote Link to comment Share on other sites More sharing options...
macca13 Posted June 9, 2017 Share Posted June 9, 2017 Uncertainty is the word of the day.... http://www.express.co.uk/finance/personalfinance/814973/Election-2017-hung-parliament-UK-house-prices Quote Link to comment Share on other sites More sharing options...
maverick73 Posted June 9, 2017 Share Posted June 9, 2017 33 minutes ago, macca13 said: Uncertainty is the word of the day.... http://www.express.co.uk/finance/personalfinance/814973/Election-2017-hung-parliament-UK-house-prices Uncertainty is bad for a country's reputation. Increases the credit risks, impacting cost of imports / inflation. Quote Link to comment Share on other sites More sharing options...
macca13 Posted June 9, 2017 Share Posted June 9, 2017 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... Quote Link to comment Share on other sites More sharing options...
Stateless Posted June 9, 2017 Share Posted June 9, 2017 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. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted June 10, 2017 Share Posted June 10, 2017 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. Quote Link to comment Share on other sites More sharing options...
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