Saturday, August 9, 2008

Of course that camel can take another straw!

Estate agents & Home buyers getting cold feet over stamp duty

....Graham Robinson of Bryan Davies and Associates, which covers Llandudno and Colwyn Bay, said buyers and sellers had been phoning all week expressing concerns over stamp duty. "We currently have one chain which has £53,000 of stamp duty in it," he said. "We've had a huge response for a very worried public – people can't wait indefinitely for an answer. Over the last few days, the number of inquiries we have had about properties has just died."....

Posted by whostolemyendowment @ 11:16 AM (709 views)
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3 thoughts on “Of course that camel can take another straw!

  • Eternal Sceptic says:

    If merely floating the idea of a suspension of stamp duty – letting the idea fester in the public arena for days-thereby totally blitzing the property market( sorry getting carried away) is the best that crash Gordon and his band of merry men can do, what an earth can we expect from them when the bottom of the trough is finally reached. I’m off to perfect my technique of snorkelling.

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  • Maybe Badger has read von Mises and has decided to crash the market so that it can clear itself more quickly. Or maybe it’s just another bit of ineptitude.

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  • Eternal Sceptic

    You can expect them to use their ammo when they think the bottom is in sight, end of 2009 if they’re lucky and keep up present crash position.

    Government know they need to get 20-30% off and fast before they have a hope of turning the market for election.

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