Friday, Feb 12, 2010
FSA now officially following the HPC line
Moneymarketing: Why do policymakers want to stifle the home ownership dream?
As housing minister, John Healey seems to be very uncomfortable with the dream of home ownership. Judging by recent remarks he doesn’t seem particulary keen to see people given a leg-up onto the property ladder, nor unduly concerned should they lose their footing. This week Healey sparked outrage by commenting that repossession may be “the best option” for some after previously enraging the industry with his criticisms of parental help for first-time buyers.It’s bit rich for a minister to hit out at people for borrowing from the bank of mum and dad when Healey has tapped the taxpayer for £129,000 to keep him in a second home over the past nine years.
Posted by jack c @ 05:33 PM (675 views) Add Comment
5 Comments
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1. paul said...
Because the home ownership dream has been made into a farce of poor build quality, self-interested nimbyism and an unhealthy overreliance on government support to maintain current valuations.
It's high time someone put a stop to the lie.
2. dill said...
"It's high time someone put a stop to the lie."
One way or another, it will happen.
3. tenyearstogetmymoneyback said...
As posted on their comments section
There is nothing wrong with home OWNERSHIP. The problem is when someone with an 125% Northern Rock mortgage or similar thinks they own their house and have a divine right to stay their whether they can pay the mortgage or not.
If prices fell back to 2002 levels I could buy without needing a mortgage. Until then I will put up with the stigma of renting a place I couldn't possibly afford to buy.
4. mark wadsworth said...
S0D the homeownership "dream", that's just fuel for the Home-Owner-Ist nightmare.
If we really wanted a wider spread of homeownership, and cheaper and nicer houses, we'd have to stop being NIMBYs and shift the tax burden (at least slightly, but the more the better) from incomes to land values. It's that simple. It doesn't need subsidies, people don't need a leg up, we just need freer markets. And less NIMBYism means more jobs and so on, not just more houses.
We can build perfectly nice houses for £80,000 to £100,000, so why do they cost twice that to buy?
Also, what Tenyears says.
5. fallingbuzzard said...
I think you can easily stifle dreams that don't exist.