Friday, Mar 11, 2016

Help to buy is riddled with loopholes that the privileged can easily exploit

Guardian: Help to buy is riddled with loopholes that the privileged can easily exploit

"And rather than address the root causes of the housing crisis – speculation, a lack of supply, a stilted economy and the collapse of the social rented sector – politicians opt to prop up an unsustainable housing market with state cash, to mollify homeowners who are understandably nervous of negative equity. "

Posted by becky @ 08:00 AM (2384 views) Add Comment

5 Comments

1. mombers said...

The holes in this program are literally endless. I have no idea what the thinking behind this is. There is no lack of demand for housing, so why on earth try to artificially increase it? When economics meet politics, the former comes off second best so many times...
I'm hoping that the Starter Homes nonsense will collapse at the first hurdle when two identical families end up paying vastly different prices for identical homes - one gets 20% off, the other doesn't.

Friday, March 11, 2016 12:24PM Report Comment
 

2. Wsn03 said...

This whole farce is going mainstream, it's really interesting seeing all the comments posted against it.
Thanks for posting, great article

Friday, March 11, 2016 12:38PM Report Comment
 

3. Streamingfreedom said...

Except the one that buys the 20% gets a home without proper provision for roads, schools etc as that's basically how they propose the developers save the 20%.... ridiculous policy

Sunday, March 13, 2016 09:02AM Report Comment
 

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

 

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