Wednesday, 8 May 2019

I was pleasantly surprised to see this in City AM...

... especially as most of the article is the usual Home-Owner-Ist drivel.

From City AM, the concluding paragraph is:

If politicians want to smooth out this distorted [housing] market, they should make moving house as easy as possible for everyone.

Scrapping stamp duty completely and making up the difference elsewhere – whether with more progressive council tax bands or a new land tax – is the only way to get the market moving again, regardless of Brexit.

2 comments:

Blissex2 said...

Interesting development: London media used to be very much in favour of booming property prices, when most Londoners were owner-occupiers or other speculators. My guess is that now the London media realize that most of their prospective readers are renters or would-be upgraders.

Mark Wadsworth said...

B, true.