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Debate House Prices
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Housing benefit to private landlords
Comments
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I think they will either use helicopter money for FTB deposits or slowly remove 5% deposit mortgages, increase supply slightly and bring in more LL changes to cause some of them to sell.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Bloomberg Report this week - British house buyers dance with the devil.
"as long as the music is playing [in terms of liquidity], you've got to get up and dance"This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
So you think the primary reason for low interest rates and QE is to protect housing market.mrlegend123 wrote: »Read some of BoE's minutes & reports or books by central bankers.0 -
Thrugelmir wrote: »No direct money. Totally the reverse. The air is being very slowly engineered out of the balloon.
2008-2010 was arguably a model example of how to achieve a soft landing. 1988-1990 was the opposite.0 -
mrlegend123 wrote: »I think they will either use helicopter money for FTB deposits or slowly remove 5% deposit mortgages, increase supply slightly and bring in more LL changes to cause some of them to sell.
...the FTB said hopefully.0 -
Wotsthat - this is a discussion says not a FTB said hopefully. We are having a debate....This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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...said the FTB, talking his book.mrlegend123 wrote: »Wotsthat - this is a discussion says not a FTB said hopefully. We are having a debate....0 -
Westernpromise strange personThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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http://www.cityam.com/247918/housing-benefit-paid-private-landlords-has-doubled-93bn
I would prefer it if we tried a free market approach. There is no need for housing benefit. Let people move to where they can afford. If business can't afford to hire staff in a particular location, let them pay more or move to a cheaper location. Or let rent prices drop.
Housing benefit rates are around £1500 for a three bedroom property in Outer South West London.
If housing benefit were to stop tomorrow then rents would fall over 50% in London and STILL all min wage jobs would have to double their rate of pay.
Lets face it, housing benefit has caused the bubble.0 -
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