Reeves plan to tax houses over 500k PART TWO

God knows, the next jump in prices are if you want a 1 bed or 2 bed, then you're looking at around 120k and then 200k, same leaselength issues and same cost of charges

Next up there was an option of a proper maisonette, the 30s style ones, on at 250k but its an auction property and the lease is 61 years, so thats why its cheap.

Anything that would meet their needs or her needs when he dies, is around 400k, 2 bed, needs a ground floor.

So financially not sure it makes a lot of sense to downsize given if she needs to, she could convert the whole downstairs into living and sleeping space.

This is outer London, she needs to be near her friends and things.

Out of interest Ive just been browsing rightmove for retirement flats or downsizing options if one or both of my parents were to do this. They could get a flat for around 80k but the service charges are coming up at 3.5 and 4.5k a year!!

With quite low lease lengths as well

Wasnt there a thread on here recently about someone who had just bought their flat, new build and it was unlivable in terms of the heat. Lots of other posters came on to say the same thing. Awful.

I’d like to see the welfare bill cut - whilst I am sympathetic up to a point, I find it fairly ridiculous that someone can work 18hours on minimum wage, have their wage topped up by Universal Credit, a council tax reduction and their rent paid - why aren’t these people forced to work full time like everyone else?

Wasnt there a thread on here recently about someone who had just bought their flat, new build and it was unlivable in terms of the heat. Lots of other posters came on to say the same thing. Awful.

I work in conveyancing. I have not read the last thread.

The housing market is an excellent way to boost the overall economy.

If we scrap stamp duty for a while the buying and selling of houses booms. Retail and trade also increases as people take those £thousands saved and get the kicthen done or buy things for their new house. I get thats just a cohort of people who are moving right then at that stamp duty break. But in my opinion if this tax on selling a house over 500k I would think twice about moving again anytime soon.

My own circumstance I bought a house last year 520k. Potentially could have one more big move in me. Im 35 good job stable home etc. 10 years could possibly sell and buy a house at 700k but now I won't bother. I'll stay put until I NEED to downsize. This means me and people like me are not contributing to the economy by moving house.

However we dont really know the ins and outs of the proposal just yet... but as it stands I think there is other ways to boost spending and gather more tax in than this

Me too.

I’d like to see the welfare bill cut - whilst I am sympathetic up to a point, I find it fairly ridiculous that someone can work 18hours on minimum wage, have their wage topped up by Universal Credit, a council tax reduction and their rent paid - why aren’t these people forced to work full time like everyone else?

Theres more to green initiatives than looking through a very narrow lens though isnt there? What you are suggesting is very indivdualistic. What I have suggested benefits the majority and makes life much more pleasant having an impact on our physical and mental health.

And your other post citing heat pumps, these are not the magic bullet that people make out, they cannot be easily or effectively retro fitted to a property, the whole heating system has to be changed. Not efficient, not desireable.

Yes I would vote for you.

Theres more to green initiatives than looking through a very narrow lens though isnt there? What you are suggesting is very indivdualistic. What I have suggested benefits the majority and makes life much more pleasant having an impact on our physical and mental health.

And your other post citing heat pumps, these are not the magic bullet that people make out, they cannot be easily or effectively retro fitted to a property, the whole heating system has to be changed. Not efficient, not desireable.

Like air source heat pumps and solar panels that work well and save people thousands of pounds every year. That kind of well thought out scheme.

That's not well thought out at all though. We actually have a heat pump, and took advantage of the scheme, but it made sense for us as our home only had electric heating. Even with the grant, and doing the plumbing ourselves, it cost us an extra £5K.

Why would anyone with mains gas bother?

Green initiatives like offering incentives for people willing to make improvements to their homes to improve energy efficiency.

Like spray foam insulation that made properties unmortgageable, that sort of well thought out scheme?

So are you claiming there are no measures whatsoever you can take to improve the energy efficiency of your property?

What green initiatives anyway?

The ones that are basically a nice little earner for governments rich friends and havent really done much for the country overall?

Green initiatives like building tons of houses without proper cycle routes or walking routes to and from them? Cutting public transport down? Cutting bin collections so theres shit and rubbish everywhere? Closing public toilets so people literally do shit in the street (live in a tourist area)

I could go on.