Help to buy? Yes please, say bankers!

chucky

JencParker wrote: »

Nothing to do with being a House Price Doomster (or any other HP insert description here.

A scheme to help people get buy their first home is not a bad thing, but to introduce it and increase demand when supply is short without doing anything to address the shortage is IMO a deliberate ploy to keep the cost of housing inflated and a shallow short term policy that will only benefit a few but is hoped will be a vote winner. I can see the benefit of the original HTB on new homes that would encourage building new homes and increase the supply - the new scheme does nothing to address this, but just increases demand so fuelling house prices.

Some people are a few steps ahead of you...

David_Cameron wrote: »

"Moves such as Help to Buy will also encourage house building. If potential buyers can't buy, builders won't build – so this is an important part of unlocking the market.”

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10362285/David-Cameron-95-per-cent-mortgages-will-make-dream-of-home-ownership-a-reality.html

It's always good to understand the dynamics before ranting about something.

JencParker

chucky wrote: »

Some people are a few steps ahead of you...

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10362285/David-Cameron-95-per-cent-mortgages-will-make-dream-of-home-ownership-a-reality.html

It's always good to understand the dynamics before ranting about something.

Some people are naïve and only see what suits them! House building will always be restrained by those with a vested interest in order to keep prices up.

purch

chewmylegoff wrote: »

Isn't this just am overreaction

No change there then :eek:

chucky

JencParker wrote: »

Some people are naïve and only see what suits them! House building will always be restrained by those with a vested interest in order to keep prices up.

Ok if you say so dear.

IveSeenTheLight

JencParker wrote: »

Some people are naïve and only see what suits them! House building will always be restrained by those with a vested interest in order to keep prices up.

I would suggest trying to look at the wider picture.

You say house building is restrained, so I ask you, what is your suggestion to massively increase house building?

purch

JencParker wrote: »

Some people are naïve and only see what suits them! House building will always be restrained by those with a vested interest in order to keep prices up.

I agree. Those Ilminster town council members should be ashamed

http://www.yeovilexpress.co.uk/news/10730742.Ilminster_Town_Council_opposes_new_homes/


Those who restrain house building can ONLY have a vested interest in keeping prices high :eek:

Graham_Devon

chucky wrote: »

Some people are a few steps ahead of you...

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10362285/David-Cameron-95-per-cent-mortgages-will-make-dream-of-home-ownership-a-reality.html

It's always good to understand the dynamics before ranting about something.

Love how all of a sudden politicians are absolutely right and should be trusted on absolutely everything.

Dribley

chucky wrote: »

Ok if you say so dear.

Nice to see you've stopped frothing Charles. That Anger management session must have done you a world of good.;)

wotsthat

Graham_Devon wrote: »

Love how all of a sudden politicians are absolutely right and should be trusted on absolutely everything.

Who's been saying politicians are absolutely right about absolutely everything?

I think you'd be doing your Violet Elizabeth Bott impression if you thought words had been falsely attributed to you.

chucky

Graham_Devon wrote: »

Love how all of a sudden politicians are absolutely right and should be trusted on absolutely everything.

Maybe they are wrong but are you saying that Help to Buy won't help more houses being built or more people have the opportunity to own property?