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

wotsthat

RUN_RABBIT_RUN wrote: »

the sooner they scrap this scheme the better

the government giving an interest-free loan of £120,000 for 5 years on a £600,000 new build property is lunacy.

When this scheme came out I was amazed at it's generosity. I immediately thought it might be suitable for Graham but don't know if he's actually investigated it.

I know he thinks new builds aren't good value so maybe Help To Buy part two might be better for him.

MFW_ASAP

Graham_Devon wrote: »

Of course. I don't care who says it. Just so long as people are stating it.

I tell you what guys, if you are so offended by my posts on help to buy, which is the biggest stimulus in the housing market we've probably ever seen.....and this is a housing and economy board....

Put me on ignore. Would benefit us both ways. All this jostling for position on every thread does nothing but drag threads down the same route time after time. While you are apparently bored of speaking about things completely on topic to the board, I'm bored of this tired nonsense.

If you somehow imagine that polices on housing won't be discussed on a housing board, I think you'll find yourself rather mistaken, as that's the very point of the board.

So, pop me on ignore. Win win for everyone.

The issue isn't discussing it, it's having it on every thread. In a couple of months that OffGridLiving chap will be filling the whole of the front page of the board with your Help to Buy threads, just like he did with Ruggedtoasts Boomer threads. An excellent way to visually demonstrate obsessive behaviour as far as I am concerned. I notice rugged toast has stopped doing it now.

Can you not just do as wosthat has indicated and create a single thread then get your boardguide mate 'misskool' to turn it into a sticky? Well, if she had the time when she's not stalking/victimising innocent board members. Allegedly.

michaels

MFW_ASAP wrote: »

The issue isn't discussing it, it's having it on every thread. In a couple of months that OffGridLiving chap will be filling the whole of the front page of the board with your Help to Buy threads, just like he did with Ruggedtoasts Boomer threads. An excellent way to visually demonstrate obsessive behaviour as far as I am concerned. I notice rugged toast has stopped doing it now.

I wouldn't bet on that, I think he has been PPR'd (again) in that incarnation but is back with a new one, as you may be aware

MFW_ASAP

michaels wrote: »

I wouldn't bet on that, I think he has been PPR'd (again) in that incarnation but is back with a new one, as you may be aware

Oh I dare say that his new incarnation won't last long either. As soon as misskool gets wind of it he's gone. I'll also bet that his posts will be deleted [STRIKE]to hide the truth [/STRIKE]to teach him a lesson.

It's amazing that you can post anything on here, with as many usernames as you wish to create, but stand up to racism and you're toast.

Perhaps someone should 'quote' his posts to record them for posterity before they get deleted?

wotsthat

Graham_Devon wrote: »

Of course. I don't care who says it. Just so long as people are stating it.

I knew that - surprised you'd admit to it though.

Graham_Devon wrote: »

Put me on ignore. Would benefit us both ways. All this jostling for position on every thread does nothing but drag threads down the same route time after time. While you are apparently bored of speaking about things completely on topic to the board, I'm bored of this tired nonsense.

You love it. Why play the victim?

Graham_Devon wrote: »

If you somehow imagine that polices on housing won't be discussed on a housing board, I think you'll find yourself rather mistaken, as that's the very point of the board.

I'm not suggesting that it's not discussed but a sticky might be a more appropriate way of keeping the debate contained. After all just how many have purchased under HTB - there seem to be a disproportionate number of threads.

Graham_Devon wrote: »

So, pop me on ignore. Win win for everyone. It's telling how run rabbit run says it should be scrapped and you thank it. I suggest it should be scrapped and you lay in once more.

Oh you and your thanks fetish.

MFW_ASAP

wotsthat wrote: »

Oh you and your thanks fetish.

The raison d'etre behinds Devons 'rewired and re-wired' thanks puppets. Sad, so terribly sad. :rotfl:

N1AK

MFW_ASAP wrote:

It's amazing that you can post anything on here, with as many usernames as you wish to create, but stand up to racism and you're toast.

I've repeatedly taken a pointedly different view to Graham and others on immigration and other matters; so has Hamish and so have other users who.

If someone has been banned it isn't because they opposed something GD said or because they opposed racism.

MFW_ASAP

N1AK wrote: »

I've repeatedly taken a pointedly different view to Graham and others on immigration and other matters; so has Hamish and so have other users who.

If someone has been banned it isn't because they opposed something GD said or because they opposed racism.

I suggest you look at Dithering Dad's last post before he was banned. Allegedly.

wotsthat

Loughton_Monkey wrote: »

I see it not as an interest free loan, but as the taxpayer (not the government) investing in property by taking 20% equity stakes in thousands of properties. It will probably make us quite a bit of profit.

The taxpayer investment so far is a few thousand 0% loans but some would imply that the 5% increase in house prices YoY can be laid at the door of Help to Buy.

Therefore investment is say, 10,000 people x £20k = £200m and the return is £5tn (UK housing wealth) x 5% = £250bn.

...and some want to scrap it!

Graham_Devon

wotsthat wrote: »

The taxpayer investment so far is a few thousand 0% loans but some would imply that the 5% increase in house prices YoY can be laid at the door of Help to Buy.

Therefore investment is say, 10,000 people x £20k = £200m and the return is £5tn (UK housing wealth) x 5% = £250bn.

...and some want to scrap it!

It's much more than the actual amount of money so far put in and increased paper wealth.

Actively telling the country that the second installment will happen in 2014 has had landlords and investors rushing in to beat and prosper from the extra demand and therefore increased HPI.

It's had the same effect to individuals too. One quick glance on the house buying board and you will find people buying now before prices are pushed out of reach when the guarantee comes in.

Sentiment. Does a lot. By focusing purely on the money put in via help to buy you risk missing the bigger picture - that being the one everyone else and all the articles are discussing.