Sunday, Feb 24, 2013

FLS boost for banks and builders

Telegraph: Britain's housebuilders get back on the ladder to a boom

The article content is quite down to earth compared to the gushing headline: 1) Builders and banks are being heavily subsidized by FLS. 2) The third lowest number of homes built in a year since 1947. 3) Mortgage approvals running at about half the level prior to the financial crisis. Lastly, Rowley speculates that " the success of the FLS may prompt the Government to increase its size as soon as next month's Budget." Is this the secret sauce that will be used to prop up prices? It's not difficult to imagine a government minister droning on about 'helping' first time buyers while giving more money to big property market players.

Posted by quiet guy @ 09:43 AM (1366 views) Add Comment

5 Comments

1. This comment has been removed as it was found to be in breach of our Blog Policies.

 

2. hpwatcher said...

Trying to recreate the good old days of borrow today and forget tomorrow.

Funny that estate agents always seem to forget about all the stimulus and artificially low interest rates, and think it some amazing national economic revival. Fools.

Sunday, February 24, 2013 12:23PM Report Comment
 

3. Bubbles. . . . said...

Okay guys we have had all the opinions of what's wrong now we need to come up with some
Ideas of how to get out of this mess. Here are some ideas. 1. Break up,sell or
Privatise the NHS . Halve the cost of the defence budget. 3 introduce a wealth tax.
Put various solutions to A vote in a national referendum. 4 halve social welfare benefits.
5 there is bound to be civil unrest so an increase in police and public order will be necessary.
Do everything democratically and under the law as if as we are in a war time
Situation. Face the facts of a bankrupt Nd destitute country looking for its saviour.
Final thought maybe England is not capes le of the kind of action to save it
I which case incourage immigration and leave this country t

Sunday, February 24, 2013 02:03PM Report Comment
 

4. dill said...

@1

Tangent noted.

Sunday, February 24, 2013 03:00PM Report Comment
 

5. nickb said...

bubs
Kindly explain how we could afford the NHS after WW2 when we were so much poorer and debt to GDP was actually a lot higher than it is now, but cannot do so now.
N

Tuesday, February 26, 2013 10:10AM Report Comment
 

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