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Debate House Prices
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Housing Minister Warns FSA Not To Derail Recovery
Comments
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So what does Mr Shapps want exactly?
Any prospect of any government understanding that property values increasing in real terms over the long term is synonymous with housing becoming less affordable?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
So what does Mr Shapps want exactly?
?
He said it clearly.
1. Rising house prices.
2. Rising wages.
3. "Innovative" mortgage products.
4. More lending, particularly to FTB's and with looser criteria than the FSA proposals.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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