Random Irritations

cliveb

Head Pro
Joined
Oct 8, 2012
Messages
2,708
Visit site
We have got nothing more than the rumours that there will be a 6 month stamp duty holiday announced this week. Previous ones have been applied to everything that exchanges after a certain date. I think that it will be for a fixed period as this is intended as a stimulus rather than a longer term policy.
The primary effect of this will be to increase house prices (neutral for the buyer, good for estate agents) while decreasing tax revenue (bad for the government). Another example of the law of unintended consequences.
 

GB72

Money List Winner
Joined
May 8, 2007
Messages
14,805
Location
Rutland
Visit site
The primary effect of this will be to increase house prices (neutral for the buyer, good for estate agents) while decreasing tax revenue (bad for the government). Another example of the law of unintended consequences.
No the primary effect is to kick start the property market whilst also stimulating the construction market. It will also help estate agents and dozens of associated industries that are also hit hard by the pandemic. House prices may rise which also acts as a stimulus for the wider economy as people feel better off. Plenty of intended and beneficial consequences there.
 

Orikoru

Tour Winner
Joined
Nov 1, 2016
Messages
27,531
Location
Watford
Visit site
No, it seems loads of people do it, like they are trying to introduce some suspense into what they are saying.
Or it’s regional and mostly out of people’s control. It’s like me telling you not to have your accent.
I think it's borne out of insecurity, and they say everything in a slightly inquisitive manner as they require constant validation that what they're saying is ok.
 

PhilTheFragger

Provider of Entertainment for the Golfing Gods 🙄
Joined
Oct 29, 2009
Messages
15,412
Location
Aylesbury Bucks
Visit site
The primary effect of this will be to increase house prices (neutral for the buyer, good for estate agents) while decreasing tax revenue (bad for the government). Another example of the law of unintended consequences.

No the primary effect is to kick start the property market whilst also stimulating the construction market. It will also help estate agents and dozens of associated industries that are also hit hard by the pandemic. House prices may rise which also acts as a stimulus for the wider economy as people feel better off. Plenty of intended and beneficial consequences there.

If previous history is anything to go by this will definitely result in a stimulus and as everyone tries to beat the time limit there will be a mad rush............
followed by months of low sales as the impetus has gone

Look at when Miras was abolished
 

Rooter

Money List Winner
Joined
Jan 30, 2012
Messages
10,807
Location
Newbury
Visit site
No the primary effect is to kick start the property market whilst also stimulating the construction market. It will also help estate agents and dozens of associated industries that are also hit hard by the pandemic. House prices may rise which also acts as a stimulus for the wider economy as people feel better off. Plenty of intended and beneficial consequences there.

My local agent emailed their monthly newsletter and said that June 2020 was bigger than June 2019, said there was a pent up demand for houses and June was a Boom! They also said that borrowing rates and requirements are rumoured to be worsening, so a lot of people getting in quick with better deals.
 

GB72

Money List Winner
Joined
May 8, 2007
Messages
14,805
Location
Rutland
Visit site
My local agent emailed their monthly newsletter and said that June 2020 was bigger than June 2019, said there was a pent up demand for houses and June was a Boom! They also said that borrowing rates and requirements are rumoured to be worsening, so a lot of people getting in quick with better deals.

Yeah, it has been busier in June and July but there is the other side to this. The impact of this has not fully hit and will not do until the furlough scheme fully ends. By stimulating the housing market, you are allowing people to cash in on the equity in their property to put in place a reserve for if job losses hit. Not ideal but still an option for some. In general term though, a healthy housing market makes people more willing to spend in general in the wider economy and that is massively needed now.
 

Lord Tyrion

Money List Winner
Moderator
Joined
Sep 9, 2014
Messages
28,674
Location
Northumberland
Visit site
Mel C singing. They have just played her singing live with the BBC radio orchestra on R2 and it was horrible. R2 seem to like her o_O so we get more of her tripe than we should to listen to.
 

Bazz

Q-School Graduate
Joined
May 12, 2012
Messages
3,011
Location
Wolverhampton
Visit site
Another viewing today. We've been telling people to limit to 2 people for social distancing and all that.

We had a family of 6 turn up...and they're viewing it for someone 200 miles away.

Does the whole family really need to do that?

I'm going to be posting a lot in here I think.
 
Top