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frankenbike

13.4% increase in house prices YTD

I feel like my generation is fucked

https://www.bbc.co.uk/news/business-57648935

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fredtc in reply to @frankenbike

it's just the stamp duty holiday being added to people's budgets. Totally artificial but the estate agents pretend it's something else.

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frankenbike in reply to @fredtc

I think it's a bit more than that. Stamp duty on a £300k house is like £2.5k. The same house would be selling for £340k now. You'd need to have saved another £4k (achievable in lockdown) as well an increasing your income by £8k (not so easy) to buy it today

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