Help to Buy is nothing but an election ploy....

Loughton_Monkey

Graham_Devon wrote: »

Just (yet another) article slamming help to buy.

To others though, it will of course be just yet another bit of nonsense not worthy of even being used as tomorrows toilet paper.

The article is faulted, and so is the headline.

HTB is far from an election ploy. Conservatives know that the next election is lost, which is why HTB is actually a conspiracy of gigantic proportions dreamt up by ultra-right wing Tories in smoke filled back rooms together with anonymous fat-cat bankers, tax-exiled billionnaires, FTSE100 builders, and a few shapeship lizards.

They meet frequently, around a large oval black ebony table, wearing dark glasses, stroking white Persian cats on their laps, while fine-tuning the 'final' conspiracy. Their focus in on timing. Phase 1 is the deliberate ramping up of prices through uncontrolled cheap lending to the masses, supported by heavy restrictions on supply by the accumulation of land-banks and refusal to build new houses.

Phase 2 will come after the next election before the new Labour/SNP/Liberal coalition knows what has hit them. In a well timed combination of circumstances, the market will be flooded by hundreds of thousands of new homes, base rates will hit the roof, and double digit interest rate mortgages will be offered only to those with 5 figure salaries. House prices will plummet. The masses in negative equity will be foreclosed and evicted. Offshore tax exiles will buy millions of distressed homes and rent them out at extortionate rents.

Blame will be put firmly on Labour as borrowing hits 200% of GDP and the IMF steps in, while bankers (with help from the lizards) will have created the most sinister derivatives - that will pour billions into their offshore funds with each interest rate rise, each drop in property prices, and with every new issue of 15% Gilts.......

A new election will bring back the Tories, and their rich offshore backers, who will by now own 80% of all UK property. The killer blow will come when the right to vote is re-vested in property owners only, assuring a right wing government for eternity. The nominees of the top rich 20% will become the new elite, sucking all wealth from the working serfdom below them, who are forced to work hard 100 hours per week to pay crippling rents and afford an ounce or two of gruel.....

Loughton_Monkey

Graham_Devon wrote: »

Well, what's your solution to people being "forced" to buy Ford Fiesta's because they can't afford an Audi Q7?

Give 'em an old knackered 'Boris Bike' and tell 'em to be grateful for small mercies.

ukcarper

Graham_Devon wrote: »

Well, what's your solution to people being "forced" to buy Ford Fiesta's because they can't afford an Audi Q7?

I haven't got one but I'm not the one complaining about HTB which at least does help people.

N1AK

It's all politics these days Devon. Why have the Conservatives suddenly decided to intervene in a competitive free market, payday lenders, with price controls? Because Labour have created an effective narrative about the 'cost of living crisis' and they need to do something to appear to be dealing with it.

The problem is that people fall for this nonsense. HTB2 will be shelved the moment it is politically more beneficial to drop it than keep it.

CLAPTON

ukcarper wrote: »

I haven't got one but I'm not the one complaining about HTB which at least does help people.

whilst I can see how increasing the price of property helps existing owners, I'm unclear how you think that this helps people wanting to buy their first home

changing planning rules and the new build taxes would reduce the price and so help.

blinko

ukcarper wrote: »

I haven't got one but I'm not the one complaining about HTB which at least does help people.

it does help people to borrow EVEN MORE, lets hope interest rates don't rise until they have paid off the loans and we will be ok right guys!!!

Graham_Devon

ukcarper wrote: »

I haven't got one but I'm not the one complaining about HTB which at least does help people.

How does it help people?

It gets them the house quicker....but apart from that?

And in any case, have we not been slamming the younger generation for some years now for "wanting it now" and taking credit to "get it now"?

This is, essentially, the entire point of HTB, yet it seems those most vocal of mocking the younger "want it now" generation are the most favorable when it comes to HTB?

ukcarper

blinko wrote: »

it does help people to borrow EVEN MORE, lets hope interest rates don't rise until they have paid off the loans and we will be ok right guys!!!

How does it help people borrow more

ukcarper

Graham_Devon wrote: »

How does it help people?

It gets them the house quicker....but apart from that?

And in any case, have we not been slamming the younger generation for some years now for "wanting it now" and taking credit to "get it now"?

This is, essentially, the entire point of HTB, yet it seems those most vocal of mocking the younger "want it now" generation are the most favorable when it comes to HTB?

Your the one that has be saying it is impossible for people to save

Graham_Devon

ukcarper wrote: »

Your the one that has be saying it is impossible for people to save

Have I? News to me. Where did I say that? A quote would be useful?

I think I have said it's hard for "normal" people earning "normal wages" to save such sums, hence it would be better long term if we let house prices correct to a natural level. That would be the level that prices held their own through a combination of supply and true affordability.

I've never though, said it's impossible for people to save?