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Realistbear

Stamp Duty To Be Paid By Sellers To Help Ftbs - Nulab Policy?

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http://business.guardian.co.uk/story/0,,2097324,00.html

Sellers should pay stamp duty to help first-time buyers, says Hain
· Proposal made at Labour deputy leader hustings
· Northen Ireland secretary woos leftwing of party
Will Woodward, chief political correspondent
Thursday June 7, 2007
The Guardian
Stamp duty could be switched from home buyers to sellers to help young people get on the housing ladder, Peter Hain, a candidate for Labour's deputy leadership, proposed yesterday.

Desperation setting in at NuLabour then.

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does it really make any difference. for all those FTBs who have saved, then can now use their savings as a deposit rather than for stamp duty. Based on the desperation of some FTBs they will stretch themselves to get on the ladder and perhaps the seller will just up the price.

Also what is the definition of a FTB, what about STRers / STMers. Perhaps if you have a partner, you could benefit twice, each person buying once.

Edited by greengreen

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Perhaps MPs should engage their brains, listen to FTBers to really understand the problems and then develop realistic policies. Their difficulty will always be that if they introduce policies the cause house prices to fall, they will alienate a huge number of voters, so they are walking a very fine line.

Edited by greengreen

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God, it depresses me to see these ideas put forward where just 10 seconds reflection would show its pointlessness.

Pointless for whom? Buyers and sellers maybe, but gives the gov a great opportunity to increase the tax, knowing that most sellers will have equity to pay it. Stamp duty rises to follow?

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Pointless for whom? Buyers and sellers maybe, but gives the gov a great opportunity to increase the tax, knowing that most sellers will have equity to pay it. Stamp duty rises to follow?

Hm, good point!

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An interesting, but pointlessly flawed idea.

RB, is your keyboard-hand injured? I noticed you did not end this articles with:

"Great Crash 2: Quarter 2 2007!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

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An interesting, but pointlessly flawed idea.

RB, is your keyboard-hand injured? I noticed you did not end this articles with:

"Great Crash 2: Quarter 2 2007!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

Provoking bears will only result in thicker couloured crayons being used in future. ;)

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