Waste of time

Whilst I think stamp duty is daft the way its structured , lets not kid ourselves this is the reason houses aren't selling. Stamp duty is still a miniscule proportion of the cost of buying a home. It seems that whenever the housing market dries up there is a clamour of calls to cut stamp duty. Any cut in stamp duty will probably just get added onto the asking price, hence the waste of time title.

The real reason houses aren't selling is of course because they're totally unaffordable. The more house prices are talked up the more stamp duty is paid and the less people can afford them.

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