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Debate House Prices


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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    200,000 slots, it's a loan, up to £600k new houses.

    These will be snapped up by people who are wealthy enough to be able to plan and execute how to benefit from it. Not much will go to lower paid people going through the normal route of seeing a house to live in and buying it as a home.

    There'll be engineering going on.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wotsthat wrote: »
    Who says what about Help to Buy is now a side issue.

    I don't agree. When you have the British Chambers of Commerce today stating that bringing this forward is "less than responsible" it cannot be seen as a mere side issue.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    We have not really cut back at all, just slowed down the rate we are getting further into debt.

    Until the deficit is zero. we are increasing the debt all the time.
    Actually it tells us that the debt wasn't as bad as is always made out by the usual suspects on here.
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    Actually it tells us that the debt wasn't as bad as is always made out by the usual suspects on here.
    Errr.
    i believe the interest alone is around £50 billion per year. That 1000 million pounds per week of totally dead money. Just think how many houses that would build, or how many small businesses it could get off the ground.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    Errr.
    i believe the interest alone is around £50 billion per year. That 1000 million pounds per week of totally dead money. Just think how many houses that would build, or how many small businesses it could get off the ground.

    one persons debt is another persons savings

    so if interest on debt is dead money then so is interest on savings

    and of course the macroeconomic arguments
  • ILW
    ILW Posts: 18,333 Forumite
    CLAPTON wrote: »
    one persons debt is another persons savings

    so if interest on debt is dead money then so is interest on savings

    and of course the macroeconomic arguments
    I believe most of the interest goes overseas.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    I believe most of the interest goes overseas.

    most UK is 'owned' by UK people
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 30 September 2013 at 11:29AM
    Blimey, Osbourne has just hailed the tory party as the party of right to buy, and now the party of help to buy. Not sure hailing the party as the party of right to buy was the best selling point!!

    He's suggested it's totally wrong to tell young people they are not allowed to buy their own home. They are the party that will say they are allowed. The party of aspiration.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    I don't agree. When you have the British Chambers of Commerce today stating that bringing this forward is "less than responsible" it cannot be seen as a mere side issue.

    I'm not saying Help To Buy is a side issue - just what people say about it. The BCC can say what they like - the deals's done.

    This has turned fully from an economic argument to a political one. The economics will play out as they will as the politicians start to focus on votes - let's hope supply increases if nothing else.

    We're not too badly off I suppose - just look how Italian and American politicians prefer to play politics above all else.
  • JencParker
    JencParker Posts: 983 Forumite
    ILW wrote: »
    I would be tempted to bung £50 billion quid into housing (which can show a pretty good return) than spend it on a railway line so a few people can get to Birmingham 15 minutes quicker.

    Into housing or into a very tiny percentage of the population's pockets?
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