Thursday, 23 November 2017

Life copies satire

Turns out, The Daily Mash was spot on accurate.

From the Evening Standard:

Lucy Pendleton, director of south-west London agents James Pendleton, said: “We had one person whose offer of £358,000 on a flat in Wandsworth was not acceptable at 12.30pm increasing it by £5,000 to £363,000 at 2.30pm.

"That was as a result of the stamp duty relief — the offer was accepted.”

However, there were fears that the change would stoke up the lower end of the property market, making it even harder for less affluent buyers.



Lola said...

You couldn't make it up. Oh ah yes the Mash

Mark Wadsworth said...

L, we all expected it. That's what made the Mash article slightly less funny than normal.

Lola said...

I'm at a 'conference'. We've had three speakers on 'economics'. They each thought that 'economics' is graphs and stats. It isn't. It's logic and philosophy and human actions. The logic conflicts are extremely tedious and only one of them (from Aviva) got the 'subsidies and rents bit. The Goldman Sachs blokey, well...

L fairfax said...

But why was it not acceptable before hand? Was it because a BTL was offering £362,000 and now can compete with the FTB?

DBC Reed said...

A young guy with a pregnant partner was on hand for comment in the TV studio and he said Spreadshit's big production number, tara tara, a Stamp Duty cut would put house prices up minutes before the OBR slapped it down humiliatingly and completely.
This government should be in special measures for sheer incompetence.|Is there ant constitutional arrangement for this to happen? People's lives are not safe in this government and this party's hands.They are engaged in economic terrorism, pressing down wages and increasing prices especially rents and mortgages over massively long periods.

Mark Wadsworth said...

L, depressing but hardly unexpected.

LF, we have to assume the seller hoped to get at least £363k. It doesn't matter who offers it.

DBC, they are not incompetent, none of them are, they are cynically and deliberately pumping up rents and prices and managing to sell this pack of lies to a gullible public. But that's been the way for thirty or forty years.