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Boss Of Britain's Biggest Housebuilder Says Help-To-Buy Hazard To Economy

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From The Daily Telegraph:

The boss of Taylor Wimpey, one of Britain's biggest housebuilders, has warned that the Government's Help to Buy scheme could be a "genuine hazard" to the economy unless a time limit is imposed on the scheme immediately.

Pete Redfern said experts were "quite right to worry" about the distorting impact the Chancellor's flagship policy could have on the housing market, and has called for tighter management of the scheme.

Continues..

http://www.telegraph...mpey-chief.html

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From The Daily Telegraph:

Continues..

http://www.telegraph...mpey-chief.html

TPTB are determined to kick the can for as long as they can. Perhaps they can do it forever, certainly I'll admit I was very wrong-footed about how long they could do it for, I was expecting a collapse in house prices years ago.

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'The International Monetary Fund (IMF) said there was "a risk" that the scheme could boost house prices and not supply."

Aren't they trying to boost supply by raising prices ?

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'The International Monetary Fund (IMF) said there was "a risk" that the scheme could boost house prices and not supply."

Aren't they trying to boost supply by raising prices ?

house prices are at their highest by every measure and in that time building numbers have collapsed. The issue of supply has a different papa.

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house prices are at their highest by every measure and in that time building numbers have collapsed. The issue of supply has a different papa.

The input cost of LAND. Made feasible by government sanctioned, and now government FORCED credit creation. Government has gone from being incompetent/negligent in the Brown years, To EVIL in the Osbourne years.

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house prices are at their highest by every measure and in that time building numbers have collapsed. The issue of supply has a different papa.

Well let me put it another way. Haven't the house-builders told the government that they can't build anything because nobody can afford to buy their product ? Therefore to get building going and avoid a crash the government must ensure that buyers have big enough mortgages ?

The problem being a ) house-builders have landbanks built up at pre-crisis levels b ) pre-crisis lending and prices are considered a 'norm' we should aim to return to ?

Oh and by the way, building numbers may have collapsed but at least house-builders profits have soared...

Edited by pig

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'The International Monetary Fund (IMF) said there was "a risk" that the scheme could boost house prices and not supply."

Aren't they trying to boost supply by raising prices ?

Maybe they are trying to redirect inflation back into housing again? ;)

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Camoron and more vocally Vince Cable often spoke of a need for house prices to come down, both no longer say a word.

Well, they looked at the books. There was no way to lower prices without crashing the system from their POV.

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Well, they looked at the books. There was no way to lower prices without crashing the system from their POV.

A shame that they made all those statements and promises before the election without having a clue about the nation''s finances (apparently).

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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