Sunday, Dec 03, 2006
Let them eat chocolate
BBC: Young workers 'need housing help'
More assistance is needed to help young employed people currently priced out of the housing market, Joseph Rowntree Foundation says.
Posted by harold @ 09:40 AM (151 views) Add Comment
8 Comments
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1. Mrphil said...
Surely, helping more priced out people into an over-inflated market, further fuelling prices, is exactly what we DON'T need! These "charities" need to back off and let the market forces dictate prices.
2. japanese uncle said...
All these 'assistance' sound like simply pouring perfume over manure. There are no radical cure of this property disease, except the spectacular crash wiping off 70% value. Ill-advised who wasted their money on BTL/MEW, etc may suffer. But it cannot be helped.
3. paul said...
"Moving to a cheaper area where a household can buy outright, rather than remaining in a more expensive area where the household can afford only shared ownership, may well be a better long-term strategy in terms of housing market choices over a lifetime."
Yes. There's one critical oversight though - the jobs are located in the expensive areas.
4. sirgoogle said...
JU. Agree.
Helping these poor souls will just prolong the problem and make it bigger still. The "market" will know what "help" is available and adjust to take it into account. This is just throwing good money after bad.
5. harold said...
"Yes. There's one critical oversight though - the jobs are located in the expensive areas." Paul
And one further oversight is that people are reluctant to buy property in a dump - who can blame them.
6. Leedel20 said...
A nanny state, now way.
7. Nasha said...
I wantched an interesting program the other night related to this, but focusing on key workers. I drew the same conclusion for both this article and that program. You can help people all you want but as sirgoogle said this will only prolong the problem, the Labour ideals of helping everyone just increases the number of people wanting help.
8. inbreda said...
They're not helping people, they are fighting fires. Big difference.