Wednesday, May 14, 2008
Brown to use £200 million of taxpayers’ money used to buy unsold homes
Times: A return to Blairism as Gordon Brown looks back to save his future
The man has had 10 years with his hands on our money to get it right and hasn't, why should he have another chance to use our money to save his political neck?
Posted by enuii @ 11:22 PM (564 views) Add Comment
12 Comments
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1. str 2007 said...
I've just heard about the 'buying up unsold new houses for social housing' nonsense.
It's bad enough having a bunch of flats mixed into every development of 3/4 bed family houses. I would be truly pi**ed off if a bunch of dole scrounging pikies moved in next to me.
I'm sorry I apologise - they won't be on the dole anymore will they, I meant incapacity benefit.
And I apologise about the pikey bit - they'll be parked up round the corner on the part of the development the housing contractor has shelved for the time being.
Does anyone remember my comments yesterday about Brown showing he's doing something whilst actually doing nothing yet doing his best to find the bottom of the market as quickly as possible.
Well IMHO he's just wiped 30% of the price of every new build house, because I wouldn't buy one no matter how many carpets curtains and cars were offered on the basis of who might move in next door.
2. Van Hoogstraten said...
To me Blairism stands for dishonesty, war mongering and silencing dissent.
3. justwatching said...
But what does 200million buy?
A clearer conscience?
4. sirgoogle said...
Guilt - they are finally trying to help the poor. They are trying to produce council houses .... except that they are not going to be purpose built and mixed in with the private houses. If this is the beginning of a council house policy then:
a. These will be very difficult to manage (all different). Why not actually build council estates do that they can be managed properly with common parts etc (think of all the asbo types who will wreck the houses - they will have to be easy to repair).
b. This is a crazy way to do it, too small in scale (800 - 1000 houses only), too late (he is going soon) and at the top of the market (why not wait?)!
c. As str2007 says - he has just accellerated the HPC.
5. Landofconfusion said...
Typical. Selling at the bottom of the market (gold) and buying at the top (houses).
6. yorkshireman said...
OK, so Mr Brown buys up some unsold houses. Who benefits from the £200 million and where does it end up ?
7. mark wadsworth said...
£200 million = about 1,500 new homes, tops, at today's prices. Even in today's market, that's equivalent to about one day's turnover. The Goblin King can delay the HPC by a further 24 hours, that's how desperate he is.
8. _woody said...
Seems to me he's just looking to subsidise the market. Don't interfere, just let prices fall
9. Sitting Tight said...
Buy the houses then rent them out to council tennents who will then demand the right to buy them!!
10. inbreda said...
the time to intefere was to lessen the boom. To do it in the bust is just re-arranging deckchairs.
11. Orcusmaximus said...
More tax payers money wasted in a futile attempt to keep the boom going. Gordon says he is going to listen, but when the MPC tell him a correction is needed, he just puts his hands over his ears.
12. _woody said...
Markets are imperfect. It’s straightforward that the brakes need to be applied during boom times, and that market cycles require Government attention. That the Government failed to take appropriate measures is astonishing.
Worse still, they stood on the touchline, cheering on the banks as they lent ever increasing sums of money.
They were complicit in the huge expanse of available credit.