Tell you what. I wouldn't joke to much about the stamp duty on £2 million plus houses.
Who, 20 or 30, years ago would have predicted house prices as high as they are now, so who's betting about the average house not hitting £1 million and above.
Factor in inflation, and the ease with which money freshly created out of nothing by the Bank of England can be lent, not once, but over a hundred times
(believe me this is true they do lend money they don't have, many times over). Anyways chuck loads of dosh into the system and house prices will again take off.
There's a housing shortage a rising demand add the above and we'll soon all be paying 7% stamp duty, mansion tax or whatever green eyed name they mint
__________________
A journey of a thousand+ (epic) miles, begins with a single step, (to the door of an 8). Lau Tzu
|