Help to Buy may have to be scrapped, Vince Cable warns

Loughton_Monkey

Graham_Devon wrote: »

Course I waste money.

I'm drinking coffee now instead of water. Is that the next scandal? I've not even suggested I want a new build. Yet you are talking as if I have.

Drinking coffee is not a waste. I have 30 espresso's a day [actually only 7 or 8, but they are all quadruples]. Fill your boots. Caffeine keeps you awake so you can spot every single dig Wotswhat throws at you. [Who knows? One day you might be able to reply to one of his posts with a witty and cutting response...]. But get your own push button machine [Di Longhi are OK]. It's cheaper than Starbucks or Costa and the company is more civilised.

I wasted a lot today too. I was in the West End. £2 for a double expresso, then £4.80 for a simple pint, plus £3 for a BLT [That's a sandwich. Not buy to let]. I only paid £3.60 for a pint locally at the weekend. London prices are a rip-off Graham. You should post something on that in my opinion. It's OK for you down there, where you can get a pint of Scrimpy (or Grumpy, Skimpy, whatever you drink down there) for £2 [I'm guessing].

Graham_Devon wrote: »

What do you want from me exactly? You appear to be trying to "teach" me something. I'm just not sure what.

You can't teach an old dog new tricks. I can't believe he's trying to teach you anything. I gave up some time ago too. Dead horses and flogging saw to that.

If I had to guess, I'd say Whosthat may be trying to lead you down the new build path in a vicious vendetta to try and extract a huge subsidy from you for social housing, global warming, and whatever else comes with buying brand Harry Spankers properties these days.

Mark my words, have none of it. You'll get better value in an older house if ever you can afford to buy. Maybe you can get that in the next phase of HTB, but if you can't qualify or afford that, then never mind. Some other scheme may come along in the future. HTR or something (Help to Rent).

Graham_Devon wrote: »

.....You go on and on about how this would help me, as if from a position of knowledge on what I want and my finances, but you don't have any idea whether I have 100k of debt, 100k in savings, or anything in between. ....As I say, you don't have a clue,....

.. but surely if you want help, you are going to have to bear all [pun intended] and let us know which it is? We don't have clue and so we can only work on supposition. Reading between the lines. So come clean. Tell us exactly what you want and how much you can afford, and you'll get sound advice from all of us.

You know it makes sense.

ess0two

Did'nt Devon have a large win from an online gambling site?

Graham_Devon

wotsthat wrote: »

Is there anything in life that meets with your satisfaction?

I've only ever bought new builds. Must have been really lucky because I've spent a few hundred quid in maintenance in a couple of decades.

Well that's bizarre, considering it was such a struggle back in your day, apparently!

wotsthat

Graham_Devon wrote: »

Well that's bizarre, considering it was such a struggle back in your day, apparently!

What's bizarre about that?

chucky

Graham_Devon wrote: »

How is it a life choice?

Here you go, the size of a new build is a problem to you by describing it as a box.

Graham_Devon wrote: »

especially a 200k new build box.

You may be hoping to but an 8 room detached house in your price range isn't going to happen. Sorry to break it to you.

MFW_ASAP

Devon must be loving all of this attention, that's his raison d'etre for coming on MSE.

Loughton_Monkey

MFW_ASAP wrote: »

Devon must be loving all of this attention, that's his raison d'etre for coming on MSE.

Oh that's clever!

Well done!

raison d'etre

We all need to take a lesson from this and every now and again when we want a subtle swipe at anyone, use foreign expressions that they'll never understand.

Perhaps I can suggest a few more that would be highly relevant to the normal sort of debate we get from some directions.

dejà vu [Oh dear. Not another anti HTB post]
ad nauseam [I'd rather be watching an Insurance Comparison ad than reading this post]
faux pas [You must have been misinformed by your father]
non sequitur [I can't follow this tripe]
je ne sais quoi [This post is indescribable]
nom de plume [Why not post under your other name, re-wired?]
non compos mentis [I don't think you're meant to spout all that fertiliser]

wotsthat

Graham_Devon wrote: »

In the face of critism of the scheme from:
- The IMF
- RICS
- Barclays
- The Institue of Directors
- Mervyn King
- The Housing Federation
- Shelter
- The Local Government Association
- The Parlimentary Committe
- Savills
- LSL
- The Treasury Select Committee
- Next

According to Peston Mark Carney and the BoE are trying to add themselves to this list..

http://www.bbc.co.uk/news/business-24218287

Which is why I was intrigued to be told by a colleague of Carney that the governor doesn't believe he has (in fact) underwritten the chancellor's housing market support scheme at all - and that perhaps the biggest challenge facing Carney is how to signal his distance to the world, without embarrassing and alienating his patron, George Osborne.

grizzly1911

wotsthat wrote: »

According to Peston Mark Carney and the BoE are trying to add themselves to this list..

http://www.bbc.co.uk/news/business-24218287

These bits were also interesting.

But it would be nerve-wracking for Osborne to press ahead with perhaps his most ambitious economic initiative in the face of scepticism from the entire technocratic class, whether housed in SW1 (HM Treasury) or in EC2 (the Bank) - and you might be surprised how rare it is for the residents of SW1 and EC2 to sing from the same ideological hymn sheet.


Against that background, I will (in one of my more obsessive guises) be making a close textual analysis of the first statement from the Bank of England's Financial Policy Committee since Carney's accession - which is due on Wednesday.


If it raises a note of concern about an incipient housing bubble, that will be seen as a warning to Osborne to exercise due care in his stimulus for housing transactions. And if the Bank of England comes over all trappist about conditions in the homes market, questions would then be raised about whether the Bank is as self-confidently impartial as it is supposed to be.

grizzly1911

wotsthat wrote: »

Is there anything in life that meets with your satisfaction?

I've only ever bought new builds. Must have been really lucky because I've spent a few hundred quid in maintenance in a couple of decades.

Perhaps I have high expectations when persuaded to pay over the odds for a "quality" product or service.

Of course, I forgot, the costs for fencing and landscaping will be negligible in most new builds as will floor coverings and decorative materials. Quids in.