The reason why prices are high is because available stock is low.
Part of the reason why available stock is low is because there are too many incentives for people to stay in homes that they don’t need. Think of the pensioner in a 3-bedroom home, ideal for a new young family.
One of those incentives is stamp duty. If you downsize you gotta pay stamp duty, costing you thousands of pounds that you might need.
People moving homes is a good thing. Just like lots of people moving jobs is a good thing. It gets people to the places they want to be (near better jobs), which are normally the places where they are most useful (higher wages). Stamp duty is a direct dampener on this.
Just because the cut also helps wealthier home buyers, doesn’t mean it is bad.
Probably because if you can’t afford to buy a house, you definitely won’t be able to afford the bills
The article doesn’t answer the question but we know the answer is: because they don’t vote conservative
The new PM is just there to pass as many conservative laws as possible to protect the rich. They know they are losing the next election already, so the goal now is to just ram stuff through without regard for polling.
They’re not. In 2021 there were over 420,000 first time buyers, the highest number for 19 years.
Because the Tory’s couldn’t give a flying fuck about anyone only themselves and rich Tory donors
Think there’s been enough help in the past.Unfortunately its only helped push up prices so your better off without it
They are landlords them selves so they cannot be impartial and so back legislation to help their business.
Too many of them are landlords that clearly use their position of influence for personal gain
Similar to members of congress in the US allowed to sit on corporate boards
9 comments
Cutting stamp duty helps first time buyers.
The reason why prices are high is because available stock is low.
Part of the reason why available stock is low is because there are too many incentives for people to stay in homes that they don’t need. Think of the pensioner in a 3-bedroom home, ideal for a new young family.
One of those incentives is stamp duty. If you downsize you gotta pay stamp duty, costing you thousands of pounds that you might need.
People moving homes is a good thing. Just like lots of people moving jobs is a good thing. It gets people to the places they want to be (near better jobs), which are normally the places where they are most useful (higher wages). Stamp duty is a direct dampener on this.
Just because the cut also helps wealthier home buyers, doesn’t mean it is bad.
Probably because if you can’t afford to buy a house, you definitely won’t be able to afford the bills
The article doesn’t answer the question but we know the answer is: because they don’t vote conservative
The new PM is just there to pass as many conservative laws as possible to protect the rich. They know they are losing the next election already, so the goal now is to just ram stuff through without regard for polling.
They’re not. In 2021 there were over 420,000 first time buyers, the highest number for 19 years.
Because the Tory’s couldn’t give a flying fuck about anyone only themselves and rich Tory donors
Think there’s been enough help in the past.Unfortunately its only helped push up prices so your better off without it
They are landlords them selves so they cannot be impartial and so back legislation to help their business.
Too many of them are landlords that clearly use their position of influence for personal gain
Similar to members of congress in the US allowed to sit on corporate boards