Monday, Feb 29, 2016

Propping up a market is expensive

Guardian: Starter home buyers could receive £141,000 windfall from taxpayers

The government’s starter homes initiative could deliver a taxpayer-backed windfall of £141,000 each to 200,000 lucky first-time buyers, but 2 million more aspiring homeowners will be stuck renting, campaigners say. The scheme, which allows developers to replace shared ownership and affordable rented homes with properties sold at a 20% discount, has been widely criticised since it was first announced in December 2014. One of the key concerns for housing campaigners is that the homes can be sold on at the open-market rate after five years.

Posted by quiet guy @ 09:28 AM (2383 views) Add Comment

7 Comments

1. quiet guy said...

The Lib Dems claim that the government is using housing as a social engineering tool.

http://www.huffingtonpost.co.uk/2016/02/26/george-osborne-didnt-want-to-build-houses-that-produce-labour-voters-claims-nick-clegg_n_9324920.html

Monday, February 29, 2016 09:32AM Report Comment
 

2. mombers said...

I've mailed my MP to ask if I could get a 90k tax credit instead...

Monday, February 29, 2016 10:14AM Report Comment
 

3. hpwatcher said...

I honestly think George Osborn's spending plans are soon going to get a massive thumbs down from the city.

It's looking tighter and tighter, even on a daily basis.......

Monday, February 29, 2016 11:16AM Report Comment
 

4. Mrmx9 said...

Surprising someone doesn't sue the Government for ageism.

Why does the scheme only apply to first time buyers under 40? Logically you might think a forward thinking government might want to encourage over 40s to buy their homes as otherwise they will become a burden on the taxpayer post retirement?

You do wonder who thinks this stuff up?

Monday, February 29, 2016 08:53PM Report Comment
 

5. libertas said...

And it is not only British Citizens. Due to EU policy against "discrimination" this tax windfall must go to any Tom Dick or Harry from wherever. They are literally desperate to fuel moar immigration.

Aim? To destroy the British culture forever, create a pan-European culture like USA has. Remember, USA was once a motley crew of various European cultures, so we will be USA in a relatively short space of time.

Tuesday, March 1, 2016 09:23PM Report Comment
 

6. libertas said...

hpwatcher, you are on the ball. This idiot, rather than social engineering, should simply have cut taxes. He is not a Conservative, he is a flaming Marxist.

Tuesday, March 1, 2016 09:24PM Report Comment
 

7. jack c said...

@ hpwatcher - do you think George Osborn is wallpapering over the cracks?

Thursday, March 3, 2016 09:20AM Report Comment
 

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