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Old 22-11-2017, 13:55   #31
Malcolm Tucker
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I think it's a reasonable policy, especially for London, we have empty 'investments' and yet a housing shortage, instinctively we know it's wrong. Whether it will work, depends on if the doubling of the charge makes much of a difference to some Saudi Prince buying a 5 million quid flat anyway.

The Swiss have started doing rules whereby overseas buyers can't buy in certain places, not unless they make it their main home and move there. Probably not the remedy this country would approve of, as we're already prickly over immigrants buying houses anyway, but it might poor cold water over these sales in general and -- in theory -- clear the floor for people who will buy and actually LIVE in the fucking thing.
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Old 22-11-2017, 13:59   #32
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I think it's a reasonable policy, especially for London, we have empty 'investments' and yet a housing shortage, instinctively we know it's wrong. Whether it will work, depends on if the doubling of the charge makes much of a difference to some Saudi Prince buying a 5 million quid flat anyway.
It won't make a blind bit of difference to that, what it *might* do is that it will incentivise people to accept lower bids for their property rather than sitting on it in the knowledge it's not costing them much.

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The Swiss have started doing rules whereby overseas buyers can't buy certain places, not unless they make it their main home and move there. Probably not the remedy this country would approve of, as we're already prickly over immigrants buying houses anyway, but it might poor cold water over these sales in general and -- in theory -- opening them up to people who will buy and actually LIVE in the fucking thing.
Sounds like a good idea to me, but perhaps it could have the unintended consequences of reducing the position of London as the world's premier clearing house for international capital.
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Old 22-11-2017, 15:39   #33
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Brexit will take care of that.
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Old 22-11-2017, 15:49   #34
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It'll certainly contribute, though for those wanting the expertise of offshoring into tax havens London will still be number 1.
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Old 22-11-2017, 17:09   #35
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Will it make all that much difference in the scheme of things? I think our stamp duty was only 7k which was only about 2% the price. Fluctuations in house prices can account for that much pretty easily. Potentially they might rise that much as a result of new FTB'ers on the market.

The answer surely is to build more houses so they would become more affordable. Tory voters won't be happy at reducing the value of their net assets though
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Old 22-11-2017, 17:36   #36
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More houses or fewer people, which is easier and cheaper to do I wonder

No, let's keep adding 600k people a year, it would be racist otherwise
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Old 22-11-2017, 19:56   #37
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The Scotch had better follow suit in terms of stamp duty .
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Old 22-11-2017, 20:43   #38
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Originally Posted by Enoch Powell View Post
More houses or fewer people, which is easier and cheaper to do I wonder

No, let's keep adding 600k people a year, it would be racist otherwise
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Old 23-11-2017, 01:05   #39
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The Scotch had better follow suit in terms of stamp duty .
no fucking chance, something has to pay for those free prescriptions and scotch university students.................
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