Re:Home Price to Income Ratio
by noneeeed on Monday September 20, 2021 @03:22PM
(#28597694)
It's been so frustrating watching people celebrating UK governments who have repeatedly failed to really tackle the supply side issues while propping up the demand side with tweaks that just increase the prices.
The most amazing example of this was the stamp-duty holiday to help stimulate the market for a few months during covid. The maximum you could save was £15k. The average house price increased during that time by about £16k...
Re:Home Price to Income Ratio
by russx2 on Monday September 20, 2021 @03:59PM
(#28598200)
They were still likely benefiting to be fair. Remember stamp duty is paid externally to the mortgage so it effectively comes off your deposit, not your loan.
The most amazing example of this was the stamp-duty holiday to help stimulate the market for a few months during covid. The maximum you could save was £15k. The average house price increased during that time by about £16k...