Before these rules, an FTB with 30k cash could buy a property priced at 260k.
Now an FTB with 30k cash can mortgage a new build priced @ 346k?
Not yet boomier, but definitely on the way. Wait till FF get both hands on the till(er).
But it won't matter if the biggest obstacle ( the deposit) has disappeared. I wager people will be happy to pay increased cost.
Meh. If you don't ask, you don't get.It was expected prices would rise but increases outlined above so soon after the budget are nothing short of scandulous.
And that was a stupid decision, as populist as it was disastrous. Rates could have been used as a tool to control house prices and inflation, particularly years later after we joined the Euro. Stable non cyclical taxes which are not tied to work are an essential part of a balanced and broadly taxed tax system. Of course the populist idiots who opposed property taxes and water taxes don't understand that...... In the following year, after the General Election, the domestic rates were abolished -
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