Friday, April 30, 2010

Well duh…

Stamp duty move no boost for buyers

Some nice analogies in the article, Miles Shipside comes close to describing First Time Buyers as cannon fodder. The 'target' of having at least 40% of homes bought by FTBs is nonsense of course - the correct ratio is influenced by how often people buy and sell in their lifetimes (what percentage of car buyers are first time car buyers? what percentage of cucumber buyers are first time cucumber buyers?)

Posted by mark wadsworth @ 07:47 AM (3311 views)
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