clubberdude Posted January 23, 2009 Share Posted January 23, 2009 You're as right as HAMISH is a plonker (IMHO).This doesn't stop me being livid at the principle. If someone were to try to mug me for the £50 in my wallet, I'd fight them - I'd risk thousands of times greater loss not to comply. Similarly, here, any attempt by the government to directly fund mortgages is clearly and unequivocally an attempt to maintain a price for houses such that ownership is beyond the means of all who need a home. It is corrupt and evil. It doesn't matter to me that it is inept and doomed to fail - it is still wrong. I doubt i'll ever own a home in the UK unless prices fall significantly. Certainly under New Labours vision, despite the fact i'm hard working, and doing a job I like, i'll never afford to own my own home, which is rather unfair. Especially given that the rate I can save for a deposit (assuming I have some life) + Rate at which my wages increase is LOWER than the year-on-year rise in house prices! I'm priced out, and i earn a fairly respectable salary! The whole thing is a joke and needs to change. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 23, 2009 Share Posted January 23, 2009 How long would £10bn last anyway, a months worth of loans? Just headline grabbing. Quote Link to comment Share on other sites More sharing options...
Kinky John Posted January 23, 2009 Share Posted January 23, 2009 How long would £10bn last anyway, a months worth of loans?Just headline grabbing. 10bn should be enough to really underpin mortgage lending; but only on houses which are priced reasonably. Since there aren't any reasonably priced houses I wouldn't worry about it having any effect at all. Quote Link to comment Share on other sites More sharing options...
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