To think that the new tax on £2m will eventually be harmful to ordinary folk?

[IwishIcouldski]

I'm concerned that the new tax on properties over £2 million will push more buyers toward homes below that threshold. Increased demand at lower price points could intensify competition at £1.5 million, £1 million, £500,000, £300,000, and so on, as buyers adjust their expectations downward in response to pressure higher up the market but still below the £2 million mark.

It also raises the question of who will actually buy the £2 million-plus homes. I can imagine many sellers pricing their properties just under £2 million to attract buyers, which could drive prices down at each prove level across the market. Meanwhile, some of the remaining £2 million homes may end up being purchased by the very wealthy or by landlords who convert them into multiple flats. There may need to be big drops in prices because when you buy, you would not want to be dragged into the £2m mark after a couple of years because of inflation.

I feel it will eventually harm ordinary people over time but the wealthy will be able to weather the storm.

Trump uses tariffs as a punitive measure. Or , in his mind, as a bargaining chip.

We have seen it time and time again how he drops tariffs against a country when he feels flattered, imposes them when he feels slighted.

Protectionist tariffs . in general, are more reasoned. The EU tariffs against Chinese EV's for example. The EU presented reams of documents presenting their evidence and reasoning, China replied with punitive tariffs, or threats of.

Puerto Rico produces 0.01% of world coffee.

Shit houses round our way are 800k, so yeah, it’s a London tax designed to capture more London worker cash. Very average flats and houses will eventually be caught up in it. Maybe the Labour party would like all of us homeless or on benefits. No one understood when they talked about levelling up, they meant they’d bankrupt the middle classes - all the while still failing to tax the super rich.