UK market?

[Michael Bell]

UK market question: Anyone have any thoughts of the 1 year stamp duty holiday by the UK Government on £175,000 or less properties? Will it help the UK market, or have no effect. Seems to me that it will only help property investors here, and not families trying to buy for the first time because of the high downpayments banks are looking for. With the rate of the dollar gaining on the worth of the pound, i think some serious money can be made over here. In 6 months the pound has fallen to 1.76 to date. It was as high as 2.00 on March 2008. I think it will go back up, making some serious cash for investors.