Tuesday, Feb 23, 2016

The trouble is Help to Buy just isn’t helping

Evening Standard: City comment: The trouble is Help to Buy just isn’t helping

"State loans and mortgage guarantees are, in the end, policies that support housing demand at a time when the Government’s focus ought to be trained, laser-like, on increasing housing supply. At best, they are a distraction. And the overwhelming likelihood remains that this policy has made the UK’s housing crisis worse. Help to Buy has not helped."

Posted by becky @ 04:06 PM (1466 views) Add Comment

3 Comments

1. Jazzman said...

Help to Buy was never about 'helping' people who needed help. It has always been about the economy. We shouldn't need help to buy if things are the way they should be. This was a fiscal shot in the arm to prevent the damage that falling house prices do to the economy. Had we suffered the full pain for our past mistakes, we wouldn't need to push the pain down the road by offering palliatives.

Tuesday, February 23, 2016 08:53PM Report Comment
 

2. tenyearstogetmymoneyback said...

The alternative would have been to impose more restrictions on buy to let mortgages (which were an insignificant part of the market 20 years ago - if anyone has some figures they would be very interesting). However it is better to be seen to be helping people than just imposing restrictions.

Wednesday, February 24, 2016 08:00AM Report Comment
 

3. mombers said...

Help to Sell is working perfectly for some - look at the performance of the housebuilders' shares and the windfall gains that landowners have trousered...

Thursday, February 25, 2016 10:35AM Report Comment
 

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