Exactly - basic 3 bed semi in Guildford, Surrey outside of high crime
Council Estate = £220k (inside said estate about £190k). We sold our 2 bed
maisonette (in high crime Council Estate) for £135k a year ago. Have now
seen the downstairs 1 bed maisonette going for £145k.
On my salary alone we had to borrow 6.8x income (would have been 8x if we
hadn't made some money on our flat). On joint income, its more like 4x
joint income. Though being married to a nurse doesn't bring in bucketloads
of cash, nor does having an unexpected baby arrive!
Whilst we could have rented - the rent on a similar place was more than the
So I take issue that it is greed. We moved because we were unhappy with
neighbours kicking their doors in, bashing up their wives and kids riding
motorbikes around. We knew we wanted a family at some point in the not too
distant future and that we'd outgrown the 2 bed flat - so 3 beds was the
most sensible option. We wanted to save on fees so didn't want a stop-gap
move (ie. pay estate agent fees, solicitor fees and stamp duty) so moved to
a 3 bed place. As it turned out we bought pretty much the cheapest 3 bed
semi we could (with horrible stone cladding and misted/rotten aluminium
double glazing) for £204k a year ago.
No. More that you're about to plug in tape no. 3 - the one about land
redistribution, land value tax, Henry George, Kevin Cahill, Paxo,
Elizabeth Windsor and the House of Lords.
Why don't you post all your material on a web site, then all you would
need to do is post a URL. Think of the time saving and the extra cha
cha cha that you could enjoy.
Everybody else could out together another site refuting all your
arguments and life would be really simple.
To email, substitute .nospam with .gl
Could I reserve two extra pages please - one covering the IMM principles of
converting a cold roof into a warm roof, and the other explaining his miraculous
theory of how to heat up just the top of a hot water cylinder using the coil at
Hopefully he'll have the sense to introduce transitional bands so
that (say) you pay the same at £200K and £300K but there is no
sudden step change at £250K instead of the current 1%-3% jump so the
transitional rate would be 7% on the £200-300K band. The problem
with this is that the press would have a field day pointing out that
the stamp duty on a £240K house had gone up from £2,400 to £4,800
whilst ignoring the fact that houses that were priced at £249,999
could now be sold for £260K leaving the seller considerably better
off. And at £275K you'd pay £7,250 instead of the current £8,250.
But it would be easier just to charge everyone 5% <g>
Tony Bryer SDA UK 'Software to build on' http://www.sda.co.uk
Free SEDBUK boiler database browser http://www.sda.co.uk/qsedbuk.htm
Including the seller. They could help first time buyers 'at a stroke'
by transferring stamp duty from the buyer to the vendor. This would have
the added advantage of getting some money back from non-dom property
owners who are exempt from CGT even if the latter was extended to the
main residence. It would also claw back more from people selling their
overpriced london piles and moving out the 'country'.
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