To think that the stamp duty holiday extension was actually a rubbish idea?

[SunflowerOwl]

Everything seems so frantic and hot with the property market at the moment with everyone dying to save a few thousand pounds even though the house prices (almost 10% up in some areas!) have gone up so much that the net saving is basically nothing! First time buyers and lower income people are getting nowhere.

I've got friends who are trying to move and the process is making them miserable- constantly being outbid by offers way over asking price that they cant match, and people I know in conveyancing are stressed beyond belief trying to get everyone's sales through before the new deadline.

AIBU to think it was a silly idea and it would have been better just to allow extensions for people who were already close to exchange rather than throw the gates open to all for another 3 months?

What happens when our low paid service workers Are forced to relocate out of London? And can’t afford to commute in? Where do our hospital porters, our refuge collectors, our school caretakers, our nursery workers live? Can’t send them all to live in Margate can we? We need to have affordable housing for all or else who does the low paid jobs?
I get your point, but there must be low paid people in aces live Monaco. What do they do there? Not being antagonistic, just wondering.

*places like

Two words: pyramid scheme

@HmmmmmmInteresting

What happens when our low paid service workers Are forced to relocate out of London? And can’t afford to commute in? Where do our hospital porters, our refuge collectors, our school caretakers, our nursery workers live? Can’t send them all to live in Margate can we? We need to have affordable housing for all or else who does the low paid jobs? I get your point, but there must be low paid people in aces live Monaco. What do they do there? Not being antagonistic, just wondering.

Two thirds of employees in Monaco are French...

@ConstanceGracy

We saved the maximum amount allowed in March so definitely not a “stupid” idea to us as it meant the pressure was off a little as we drew closer to the first cut off.

I do understand this on an individual level but I mean in general for society

@HmmmmmmInteresting

What happens when our low paid service workers Are forced to relocate out of London? And can’t afford to commute in? Where do our hospital porters, our refuge collectors, our school caretakers, our nursery workers live? Can’t send them all to live in Margate can we? We need to have affordable housing for all or else who does the low paid jobs? I get your point, but there must be low paid people in aces live Monaco. What do they do there? Not being antagonistic, just wondering.

In other countries renters have much better rights so there isn’t the same divide between a homeowner and a renter. In Paris for example it’s basically impossible to evict someone. So most people rent but still have stability. The issue is we don’t have any stability for renters so there is a constant fear of rent rises or basically being told to leave your home. So if you’re not going to fix the housing market you need to make long term renting a more secure option.

@hahaboink both of your posts 100% right.