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Special pleading please


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The government should succumb to pressure and extend the Stamp Duty Holiday for the sake of the economy and the property market. This was the message from the MD of bespoke property search firm, Index West Midlands, who suggests that without an extension, economic downturn will follow

 

 

Edited by Si1
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From the City AM article: "help get the housing market going"

No, please, stop 'helping'.

That picture genuinely sits in the uncanny valley too, it's quite disturbing and I can't quite figure out why. Something just feels a bit off. 🧛‍♂️

As off or more off than Matt Handjob’s utterly bizarre attempt at faking emotions on GMB the other day? 

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Has there ever been a larger bunch of cretinous, greedy morons. They have had there noses in the trough for so long, it’s disgusting. The VI’s have spent the last 3 months crowing about the health and strength of the housing market. Talk about having their cake....

At least they're easily recognisable by having BMWs on finance.

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Has there ever been a larger bunch of cretinous, greedy morons. They have had there noses in the trough for so long, it’s disgusting. The VI’s have spent the last 3 months crowing about the health and strength of the housing market. Talk about having their cake....

No there hasn't. Cretinous. Greedy. Morons. 

 

Snouts out.

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https://www.mortgagesolutions.co.uk/your-community/2020/12/18/expect-a-government-u-turn-on-stamp-duty-star-letter-18-12-2020/

 

“These otherwise quite lovely and passive clients will be screaming at their solicitors, brokers and everyone who will listen because no one has that money to lose in this environment and, frankly a government incentive that was handed out on a whim without any understanding of the impact on the market was irresponsible.

“Expect a U-turn in true 2020 government style, but it won’t come until the deadline is almost upon us because otherwise there will be the flip side of the coin and those people that try and push it, which would be simply not fair.

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Our whole economy is built on the foundations of a tax-payer subsidised, corrupt ponzi scheme. 

Yes indeed, so why are all these middle class business owners desperate for cash?  They never stopped telling everyone how much they have made from property, yet many are now scrounging tins of Spam at the food bank.

I thought HPI and debt were wealth.  Everyone and their dog has been telling us this story for 20 years or more.

Pure comedy.

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Just one thing to note about tier 4 lockdown rules.

You can't see your family or friends indoors - and only go for a walk outdoors with one of them - or go swimming or visit the gym or go and buy clothes or socks in a department store or get your hair cut.

But you are allowed go to property viewings in someone else's home - and estate agents can remain open (as they are of course 'essential'!.)

So simple way round the Christmas rules - just say your family and friends are looking to sell their home and you are interested in buying it so you are spending Christmas day there doing a viewing!!

Truly shocking of course - but protecting house prices comes before protecting the NHS and saving lives.

https://www.gov.uk/guidance/tier-4-stay-at-home

Edited by MARTINX9
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Just one thing to note about tier 4 lockdown rules.

You can't see your family or friends indoors - and only go for a walk outdoors with one of them - or go swimming or visit the gym or go and buy clothes or socks in a department store or get your hair cut.

But you are allowed go to property viewings in someone else's home - and estate agents can remain open (as they are of course 'essential'!.)

So simple way round the Christmas rules - just say your family and friends are looking to sell their home and you are interested in buying it so you are spending Christmas day there doing a viewing!!

Truly shocking of course - but protecting house prices comes before protecting the NHS and saving lives.

https://www.gov.uk/guidance/tier-4-stay-at-home

It really is beyond belief. However, can they leave a Tier 4 area to view a house in another Tier? 

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The cost of a house market collapse in the UK would be pretty dire, on top of Covid job losses and Brexit job losses they can’t afford a round of house price crash related job losses.  It would come with mortgage defaults which hits the banks which hits the money supply.  I actually had an interesting conversation about this and someone pointed out that we cannot now absorb any sort of financial shock for the next few years.  All it takes is a no deal Brexit, a war or some other event and we really are in trouble.  Scottish independence is an interesting one also, that would be a possible candidate.  

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The cost of a house market collapse in the UK would be pretty dire, on top of Covid job losses and Brexit job losses they can’t afford a round of house price crash related job losses.  It would come with mortgage defaults which hits the banks which hits the money supply.  I actually had an interesting conversation about this and someone pointed out that we cannot now absorb any sort of financial shock for the next few years.  All it takes is a no deal Brexit, a war or some other event and we really are in trouble.  Scottish independence is an interesting one also, that would be a possible candidate.  

Who can't afford it?

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Pure comedy indeed. At some point the laughter will turn to tears when people finally realise they’ve been conned, and that the whole thing was a massive scam they bought into. 

Does fee a bit scammy around here.

As posted before it cannot be easy for a valuer.

I value this property in the region of 400,000 £

But but we have have agreed 600,000£ and next door sold for 550k!!

Yes but next door is still in a chain and has not completed since going SSTC in July.

Its like prices have jumped 150k without anything actually completing! is that a boom, bust or ..... nothing.

Vendors are going to be scarred if everything just falls through 20% that never was.

On top of the possible return of stamp duty most (if not all) vendors are now banned from travelling up to buy here that must have some impact.  God knows locals cannot pay over 450k

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