pl1 Posted June 30, 2013 Share Posted June 30, 2013 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 Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted June 30, 2013 Share Posted June 30, 2013 Presumably he's worried its open to normal house sales and not just new-build shoebox peddlers. He needs all of it for himself, the greedy SOD. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted June 30, 2013 Share Posted June 30, 2013 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. Quote Link to comment Share on other sites More sharing options...
pig Posted June 30, 2013 Share Posted June 30, 2013 '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 ? Quote Link to comment Share on other sites More sharing options...
DabHand Posted June 30, 2013 Share Posted June 30, 2013 '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. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted June 30, 2013 Share Posted June 30, 2013 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. Quote Link to comment Share on other sites More sharing options...
pig Posted July 1, 2013 Share Posted July 1, 2013 (edited) 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 July 1, 2013 by pig Quote Link to comment Share on other sites More sharing options...
billybong Posted July 1, 2013 Share Posted July 1, 2013 It's trying to scorch scorched earth. Quote Link to comment Share on other sites More sharing options...
winkie Posted July 1, 2013 Share Posted July 1, 2013 '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? Quote Link to comment Share on other sites More sharing options...
LongWeight Posted July 1, 2013 Share Posted July 1, 2013 Presumably he's worried its open to normal house sales and not just new-build shoebox peddlers. He needs all of it for himself, the greedy SOD. I thought it was only for new builds? https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans Quote Link to comment Share on other sites More sharing options...
tomandlu Posted July 1, 2013 Share Posted July 1, 2013 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. Quote Link to comment Share on other sites More sharing options...
billybong Posted July 1, 2013 Share Posted July 1, 2013 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). Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.