J B asks why don’t I invite comments on a particular subject? Gauge what the market is doing out there. Predict what I think it will do. It’s a similar scenario to the office discussion today.
Scanning the paper for clues as to how the chancellor’s smoke and mirror moves will manifest themselves in the real world, when the bills need to be paid, trainee F asks me what it’s all about? For a moment I think he requires illumination on a greater scale, meaning of life – particularly his. But he actually wants my view on a stamp duty holiday for first time buyers up to £250,000. Will it make a blind bit of difference?
Now I do my office budget every year, the bean-counter boss adds fifteen per cent and I’m still closer than him come Christmas. I don’t fudge the figures with such spectacular nonchalance as a Parliament number cruncher, principally because I hope to be around still a few weeks later. Facing the music.
It seems to me that £2,500 off a first time buyers costs isn’t the stumbling block, it’s finding one who is earning £60k a year and can stump up a 20% deposit before their hair is a grey as Mr Darling’s.
So do prices need to fall further? Will a pernicious housing tax holiday help? Let me know, I’m all ears. It’s easy to leave a comment - anonymously if you like.
And if nobody replies, I’m blaming jaundice…….