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Debate House Prices


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Budget 2013 live....

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Comments

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    michaels wrote: »
    Quick someone, pass Hamish a tissue :)

    That for tears?;)
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Employer NI contributions to be cut for small businesses.
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »

    Guarantees to support £130bn in mortgages!!!

    Game over for anyone wanting price falls to be honest.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    HAMISH_MCTAVISH wrote: »

    Just enables banks to lend more freely at higher LTV from 2014. Bypasses cap withholding restrictions currently limiting mortgage lending.

    .

    It makes you wonder why they bother with BASEL. It has been circumvented and sidestepped since inception.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    grizzly1911 wrote: »
    That for tears?;)

    There will be much fist pumping and groin thrusting in certain quarters tonight, I'll wager.:D
    “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”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Commend budget to house.
    “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”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Road_Hog wrote: »
    Treasury Leak Entire Budget to Standard Before Osborne Up


    Their embargoed look at the budget has leaked before the Chancellor even stands up:
    • Planned fuel duty hike scrapped
    • 1p off a pint but cider up 2p, wine up 10p and spirits up 38p.
    • Borrowing up to £61bn
    • Income tax allowance will rise to £10,000 by April 2014
    • Corporation tax cut to 20% by 2015
    • Growth will apparently reach 1.8% next year, 2.3% by 2015. No Triple Dip.

    Beeb are on the case :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Graham_Devon wrote: »
    Game over for anyone wanting price falls to be honest.

    Keeps the housebuilders sweet.

    I wonder what the premium/cost will be for the buyer?

    I didn't really follow how the 2nd purchaser equity scheme provides a return to the exchequer. Is it purely as a percentage of capital gain or is there an insurance cost associated with it.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 20 March 2013 at 2:39PM
    grizzly1911 wrote: »
    It makes you wonder why they bother with BASEL. It has been circumvented and sidestepped since inception.

    This just p*sses all over it.

    Banks will be fine. It's the taxpayer at stake now. At stake to a tune of massive amounts of money. The NHS costs less than the amount they are willing to gamble on houses.

    When they said "whatever it takes" - they meant it.

    Note they only plan to build just 15,000 homes too. It's the absolute worst possible outcome really for the majority, it just means higher prices and higher debts, and the taxpayer at risk of everything that caused the financial crisis.

    It's not really helping anyone, but the media will report it exactly how the government want it seen.

    Edit: The economist has tweeted that this is a very bad idea. Brings back equity free subprime loans to the UK.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Game over for anyone wanting price falls to be honest.

    That game has been over for several years.... ;)

    But this will engineer the start of the next boom in prices in time for the next election, by enabling many more people to buy. Which will then enable many more houses to be built. And create a virtuous cycle of positive economic growth.

    Game on. :D
    “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”
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