yahyah wrote:refitman wrote:yahyah wrote:I may be half asleep, but what happened to that 'million houses' Mark Ferguson was tweeting about ?
Was he just being sarcastic ?
I think he did 200k x 5 and got a bit giddy.
Just wondering how people feel about the £300,000 upper limit for Labour's first time buy stamp duty removal ?
I felt it was too high, but have been doing some internet browsing.
Flats in nice Edwardian houses, two beds, in the leafy North London suburb we moved from 26 years ago are selling for up to £450,000. Unbelievable.
& I think the policy is England only ?
As a first time buyer I didn't pay any stamp duty on my first flat and that would still be the case in many parts of the country, with flats still selling at under £125,000 in many places. So as a comparative, I wouldn't be bothered if someone in London didn't have to pay stamp duty on their first £300,000 flat. Of course, someone buying a £300,000 detached house in any other part of the country would be getting an extra helping hand that some may say they don't need, but how many first time buyers does that really apply to? That it's aimed at first time buyers only, makes it ok in my book. There are arguments that say stamp duty should be a sellers tax, rather than a buyers tax and if you don't pay it on your first purchase that's sort of what it becomes, but without the bill for the pensioner selling up to move into a retirement home at the end of the chain.
Like the tuition fee reduction, that Labour are being accused of aiming at wealthier students, the critics are missing the main point - these are policies aimed at people from all backgrounds,
who are starting out in life.. It's a generational policy, not a rich v poor policy and because it comes alongside serious focus on regulation of the private rental sector, a landlord's register, support for social housing and changes to planning laws to encourage housebuilding, I have no problem with it as part of a rounded package. Allowing councils to charge council tax on banked land with planning permission that isn't being built on is the really interesting part of this package. The media haven't really focused on it - they should. It has huge implications.