Stamp Duty

[whelk]

In the old days the bubble would burst with many getting a reality check with an interest rate rise that fucked their disposable income. Reset was no bad thing although obviously not for those that lost their homes. Now would appear no one wants or will allow this and artificially propped up at every turn. They should also tax second homes to buggeree if you ask me. 

House price to income ratio seems unsustainable but I have been thinking that for a long time now and prices keep rising. Its he kids I feel sorry for as completely unobtainable for majority now
 

[whelk]

8 minutes ago, egg said:

Yep, same experience for me. Getting on the ladder is significantly harder now. I bought my first house at 19 with no savings. Buying that house now, with the same salary but inflation adjusted, wouldn't be possible even with a 10-15% deposit. The situation is ridiculous and I cannot see how my kids will be able to buy without a huge handouts, and even then it'll be difficult. 

Maybe Crispy can give them some money tips? Buy Tesco’s own crisps not Walkers? Share a bath? Eat ice cubes instead of truffles?

[egg]

10 minutes ago, whelk said:

Maybe Crispy can give them some money tips? Buy Tesco’s own crisps not Walkers? Share a bath? Eat ice cubes instead of truffles?

Ha! I'll call him up cos I can't make the numbers work...ice cube gnocchi all round is the future. 

[whelk]

Great news for everyone. Thanks for the handout Sunak.

 

Edited 18 July, 2021 by whelk