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Ditto the government's reduction in stamp duty for first time buyers. On the face of it the buyer is saving £3k (for example), but now that all of the first-tim
by cjrp 9y ago
Ditto the government's reduction in stamp duty for first time buyers. On the face of it the buyer is saving £3k (for example), but now that all of the first-time buyers have an extra £3k in their pockets, guess what happens to house prices?
- baud147258 9y agoWe got the same thing in France with the various welfare programs to access housing (mostly for renting, but there's also some when buying): the APL, for people in the lower income brackets but not living in social housing. But it just raised rents and house prices, which is detrimental to the people in the brackets above the limit.