"JoeJoe" wrote in message
o.uk...
On 18/11/2017 14:34, Andrew wrote:
On 18/11/2017 08:10, Graeme wrote:
In message ,
harry writes

My first house cost £400 in 1970.

Crikey. Where was that? My first house, 1975, was £10,250, Bristol. I
sold it for a modest profit two years later, and moved to Stoke Poges,
where I bought a maisonette for £12,500. Another two years later
(1979), I sold that for £25,000 which was a handsome profit. Moving to
Colchester, that bought me a three bed detached house.

I sold my last one for £400,000. (Downsized)

Downsizing is on our minds. Would certainly release some useful
capital.

I'm afraid that I'm hoping Spreadsheet Phil will carry out a one-off
change to stamp duty to make the seller pay and not the buyer.

This will help the FTB, and claw back some of the massive over-valuation
that the UK housing stock has reached.

Australian-style restrictions on ownership of residential
property by non-doms and ltd co's would help too.
The whole of Chelsea and Kensington will be on the market the next day
then.

unfortunately, whatever rules are brought in they are unlikely to be
retrospective

tim