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A comment on Home ownership is the West’s biggest economic-policy mistake. Parent comment

Re:Home ownership is the West’s biggest economic-policy mistake by dbetteridge on Tuesday April 20, 2021 @07:09AM (#26873077)
Not sure how Belgiums works, but Australias stamp duty is a lump sum you pay alongside your deposit when buying the property.

Correction: I double checked and it looks like it can be added to your mortgage, which isn't as bad up front.

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Re:Home ownership is the West’s biggest economic-policy mistake by pc86 on Tuesday April 20, 2021 @08:09AM (#26873488)
That's rough, although paying it once and being done with it is certainly preferable (long term, if you have the funds) to wrapping it into the mortgage and paying 3-4x over the life of the loan.
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Re:Home ownership is the West’s biggest economic-policy mistake by rileymat2 on Tuesday April 20, 2021 @09:03AM (#26874015)
Functionally it is wrapped into the loan because without that, you would have had more down payment.
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Re:Home ownership is the West’s biggest economic-policy mistake by gassit on Tuesday April 20, 2021 @09:00AM (#26873976)
That is not quite correct. Stamp duty is payable at the time of settlement but it is normally added as a lump sum to the mortgage.
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Re:Home ownership is the West’s biggest economic-policy mistake by dbetteridge on Tuesday April 20, 2021 @09:02AM (#26874007)
I've added an addendum! I must have misremembered that bit of info.

Thanks!

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