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

wotsthat

Graham_Devon wrote: »

It's just a tad more than £350m....

Have you got some completions to date numbers? I couldn't find any.

Be interested to know the size of the equity loans given out to date. Less than £350m I'd bet.

Even if that was a gift rather than loan it wouldn't increase the value of everyone's house by 5% (sentiment or not).

Graham_Devon

wotsthat wrote: »

Have you got some completions to date numbers? I couldn't find any.

Be interested to know the size of the equity loans given out to date. Less than £350m I'd bet.

Even if that was a gift rather than loan it wouldn't increase the value of everyone's house by 5% (sentiment or not).

I thought we'd just got over this, but clearly you are still talking about the amount of money actually used under HTB1 so far.

This is in response to my post about HTB2.

Not sure why you are doing this really, but it's rendered this little debate this morning rather pointless.

wotsthat

Graham_Devon wrote: »

I thought we'd just got over this, but clearly you are still talking about the amount of money actually used under HTB1 so far.

This is in response to my post about HTB2.

Not sure why you are doing this really, but it's rendered this little debate this morning rather pointless.

You're saying that anticipation of HTB2 has driven up house prices by 5% in the last year. Pull the other one.

You don't seem to be able to get past the fact that other factors apart from HTB are pushing prices higher.

Graham_Devon

wotsthat wrote: »

You're saying that anticipation of HTB2 has driven up house prices by 5% in the last year. Pull the other one.

You don't seem to be able to get past the fact that other factors apart from HTB are pushing prices higher.

I've not said that anywhere, at all.

You are just creating a strawman, stating I've said something and then arguing against it. Why can't you argue against what I actually say, instead of creating a scenario? If you can't argue against what I say, why not just agree to disagree instead of making things up?

As I said, pointless.

wotsthat

Graham_Devon wrote: »

I've not said that anywhere, at all.

You are just creating a strawman, stating I've said something and then arguing against it. Why can't you argue against what I actually say, instead of creating a scenario? If you can't argue against what I say, why not just agree to disagree instead of making things up?

As I said, pointless.

Nowhere have you said how much you think the sentiment associated with HTB2 has driven up prices. I've asked you before how much of the recent HPI you think is attributable to HTB without answer.

You said withdrawing HTB would be akin to unleashing another GFC on the housing market so I can only think that you assume most of the first above inflation rise in prices for 6 years is down to HTB. If that assumption is incorrect that's down to your lack of clarity.

Graham_Devon

wotsthat wrote: »

Nowhere have you said how much you think the sentiment associated with HTB2 has driven up prices.

Exactly.

So suggest you bear this in mind before you fall over your own clumsy feet, one second stating that I have said one thing, the next stating I haven't.

You can assume what you like. But your assumptions are just that. Don't state to everyone that I have made a statement that I clearly haven't to craft your argument against it.

wotsthat

Graham_Devon wrote: »

Exactly.

So suggest you bear this in mind before you fall over your own clumsy feet, one second stating that I have said one thing, the next stating I haven't.

You can assume what you like. But your assumptions are just that. Don't state to everyone that I have made a statement that I clearly haven't to craft your argument against it.

You think HTB is driving up prices - that's not an assumption.

You think withdrawing HTB would have a similar affect on the housing market as the GFC - that's not an assumption.

You think HTB is a significant factor in recent HPI - that's not an assumption.

The only guesswork is the % of HPI you think is attributable to HTB.

You're backtracking because you've realised that it's highly unlikely that any amount of sentiment will mean that a scheme this size can have added billions to UK housing wealth since George Osborne first mentioned this in April.

Graham_Devon

wotsthat wrote: »

You're backtracking because you've realised that it's highly unlikely that any amount of sentiment will mean that a scheme this size can have added billions to UK housing wealth since George Osborne first mentioned this in April.

And you are still doing it!

Still there, telling me what I'm doing, what I'm thinking....all so you can create a scenario in which you come out on top.

I've not even backtracked. All I have done is asked you to stop making statements that I have said something when clearly I haven't, to which you have admitted.

System

So... what was the point you were making again? I'm lost as well.