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Debate House Prices


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Help to buy? Yes please, say bankers!

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    So far as I know, interest rates look like being higher on Help to Buy deals. Probably because the whole idea looks pretty dodgy.

    TruckerT
    Errrr maybe so that it makes it more difficult to borrow large debt...
    The lower the interest rate means more can be borrowed so the the higher the rate it will restrict the amount that can be borrowed which isn't a bad thing.

    After all you're one of the ones thinks that it will end in tear, you seem to be contradicting yourself Big T.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    The last time?!?! Isn't it the first time Help to Buy has been introduced?

    There have been several schemes since 2008 which were supposed to promote some kind of economic recovery. So far, only the banks have seen any benefit.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    Errrr maybe so that it makes it more difficult to borrow large debt...
    The lower the interest rate means more can be borrowed so the the higher the rate it will restrict the amount that can be borrowed which isn't a bad thing.

    After all you're one of the ones thinks that it will end in tear, you seem to be contradicting yourself Big T.

    Like I said, the most likely beneficiaries from Help to Buy are the banks.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    There have been several schemes since 2008 which were supposed to promote some kind of economic recovery. So far, only the banks have seen any benefit.

    TruckerT
    Yes true. There have been many put in place since the 1970s with varying levels of success and failure.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    Yes true. There have been many put in place since the 1970s with varying levels of success and failure.

    IMHO, there have been two major changes in UK society since the invention of socialism. The first was in the post-war period, and the second was in the post-Thatcher period. Arguably, both changes were allowed to exceed their usefulness, because of the vested interests which emerged. Thank god we managed to avoid Stalinism etc.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Like I said, the most likely beneficiaries from Help to Buy are the banks.

    TruckerT
    That's fine but doesn't mean it looks pretty dodgy.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    This thread, and others, say it all really.

    Those for it, at those who want to see higher prices.

    Those against, are those who don't.

    Theres loads more froth inbetween, but the basic love of Help to Buy comes from those who wouldn't touch it, but are happy it exists as it will only make their houses worth more.

    Therefore, the merits of the scheme are a by product to many on here, of little relevance. EVERY scheme which has been put forward that might push prices up has been "a good scheme" every single time to the same people every time.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    This thread, and others, say it all really.

    Those for it, at those who want to see higher prices.

    Those against, are those who don't.

    Theres loads more froth inbetween, but the basic love of Help to Buy comes from those who wouldn't touch it, but are happy it exists as it will only make their houses worth more.

    Therefore, the merits of the scheme are a by product to many on here, of little relevance. EVERY scheme which has been put forward that might push prices up has been "a good scheme" every single time to the same people every time.
    Have you been eating lemons, that's a very, very bitter post...
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    Have you been eating lemons, that's a very, very bitter post...

    Call it what you like. I note you don't even attempt to suggest it's not true.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Call it what you like. I note you don't even attempt to suggest it's not true.
    You can note what you like, I don't think you're very well.

    You're issues have got the better of you.
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