Your Opinion: Kick Starting The Mortgage Market With Tax Payer's Money

Paul_N_4

As the government seem to be doing their 'controlled leak' of various ideas to gauge public opinion, thought we may as well have an outright poll on the most controversial of measures that's been publicised so far.

So would you, or would you not, be happy for the government to use public taxes to back mortgage securities in order to increase the number of new mortgage approvals going forward?

[Deleted User]

definitely yes. I have no problem in my taxes being spent this way

mr.broderick

Fine by me. I think house prices need to be kept as high as possible in these times

Paul_N wrote: »

As the government seem to be doing their 'controlled leak' of various ideas to gauge public opinion, thought we may as well have an outright poll on the most controversial of measures that's been publicised so far.

So would you, or would you not, be happy for the government to use public taxes to back mortgage securities in order to increase the number of new mortgage approvals going forward?

I'm getting the feeling a high percentage of the members on here are thinking house prices will drop 35%, the economy will survive, they will eventually be able to buy a house and we will all crack on. If this happens trust me this is not what will happen.

WTF?_2

No way. Why should our taxes be spent on propping up the housing market

mr.broderick wrote: »

I'm getting the feeling a high percentage of the members on here are thinking house prices will drop 35%, the economy will survive, they will eventually be able to buy a house and we will all crack on. If this happens trust me this is not what will happen.

So what percentage value of house price falls can the economy survive before Thunderdome is the main spectator sport then? :rolleyes:

Falls back to 2005 levels? How about falls back to 2004 levels?

mr.broderick

Fine by me. I think house prices need to be kept as high as possible in these times

!!!!!!? wrote: »

So what percentage value of house price falls can the economy survive before Thunderdome is the main spectator sport then? :rolleyes:

Falls back to 2005 levels? How about falls back to 2004 levels?

Nice to see i'm off ignore !!!!!! ...;)

mr.broderick

Fine by me. I think house prices need to be kept as high as possible in these times

havethis1 wrote: »

while people die in hospitals due to underfunding
and criminals are being released early to make way for others etc etc etc

The stupidity and greed of people in this country is sick and disgusting

You should have been here last night it was all going off big time.,

lostinrates

No way. Why should our taxes be spent on propping up the housing market

What's all the latest on this anyway? are we going to march on them? (i so how far, I might need someone to push a wheelchair for me,) can we have MSE house price forum flags and banners? I bet there is already one of those internet petitions about this...

seriously, I'm fuming about it. Really, its punishing those who have been prudent and living with in their means and saving and aspiring towards sensible home ownership or accepting that home ownership might not be best for them.

It saddens me that in a country that should be proud of so much we have politicians who'd rather save a struggling housing market to the detriment of at least a generation, but can't find the money for by far improved drugs for cancer and Parkinsons and Alzheimers.

WTF?_2

No way. Why should our taxes be spent on propping up the housing market

mr.broderick wrote: »

Nice to see i'm off ignore !!!!!! ...;)

Your memory must be going - I told you weeks ago.

mewbie_2

kittie wrote: »

definitely yes. I have no problem in my taxes being spent this way

Me neither. In fact I would happily pay more tax in order to pump it up again. (Hope that doesn't sound rude).

mr.broderick

Fine by me. I think house prices need to be kept as high as possible in these times

!!!!!!? wrote: »

Your memory must be going - I told you weeks ago.

Just checked back and yes you did, my apologies sir.

ManAtHome

No way. Why should our taxes be spent on propping up the housing market

Oh yes, let's carry on spending 3 times the defence budget on propping up "the boom" - must be able to keep it going an extra day or two by not buying the proper kit for our forces. How much are flak jackets and nimrods these days..?