wonderpup Posted August 18, 2013 Share Posted August 18, 2013 Given the negative feedback from so many on the Help to Buy scheme there is some speculation that it may be cut back or cancelled. Leaving aside how likely this is-I suspect not very- suppose that the Tories do remember that they are supposed to be the party of the free market and decide that Help to Buy should not go ahead after all- what impact would this have on house prices? I suspect the effect might be quite negative. So is it already in fact too late to stop this policy? And if even stopping it before it begins is already dangerous what chance is there that it could ever be stopped once it get's started? It seems to me that Osbourne is creating a monster here that will in the future be impossible to control- he is about to break the UK housing market permanently- replacing it with a state backed pseudo market in which state sponsored housing VI's will come to play a larger and larger role. Help to Buy cannot now be stopped nor can it be stopped in the future- from this point on it is a permanent feature of the UK property market. How ironic that it should be the party of 'free markets' in pursuit of a 'Thatcherist' populist housing policy who have embarked on this massive socialist programme of state intervention. Quote Link to comment Share on other sites More sharing options...
winkie Posted August 18, 2013 Share Posted August 18, 2013 ......depends on what is the stronger emotion....gain for the few or winning the next election. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted August 18, 2013 Share Posted August 18, 2013 If interest rates rise between now and 2014 there is a fair chance help to buy will be morphed into help to stay. Given the negative feedback from so many on the Help to Buy scheme there is some speculation that it may be cut back or cancelled. Leaving aside how likely this is-I suspect not very- suppose that the Tories do remember that they are supposed to be the party of the free market and decide that Help to Buy should not go ahead after all- what impact would this have on house prices? I suspect the effect might be quite negative. So is it already in fact too late to stop this policy? And if even stopping it before it begins is already dangerous what chance is there that it could ever be stopped once it get's started? It seems to me that Osbourne is creating a monster here that will in the future be impossible to control- he is about to break the UK housing market permanently- replacing it with a state backed pseudo market in which state sponsored housing VI's will come to play a larger and larger role. Help to Buy cannot now be stopped nor can it be stopped in the future- from this point on it is a permanent feature of the UK property market. How ironic that it should be the party of 'free markets' in pursuit of a 'Thatcherist' populist housing policy who have embarked on this massive socialist programme of state intervention. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 Given the negative feedback from so many on the Help to Buy scheme there is some speculation that it may be cut back or cancelled. Leaving aside how likely this is-I suspect not very- suppose that the Tories do remember that they are supposed to be the party of the free market and decide that Help to Buy should not go ahead after all- what impact would this have on house prices? I suspect the effect might be quite negative. So is it already in fact too late to stop this policy? And if even stopping it before it begins is already dangerous what chance is there that it could ever be stopped once it get's started? It seems to me that Osbourne is creating a monster here that will in the future be impossible to control- he is about to break the UK housing market permanently- replacing it with a state backed pseudo market in which state sponsored housing VI's will come to play a larger and larger role. Help to Buy cannot now be stopped nor can it be stopped in the future- from this point on it is a permanent feature of the UK property market. How ironic that it should be the party of 'free markets' in pursuit of a 'Thatcherist' populist housing policy who have embarked on this massive socialist programme of state intervention. It will be stopped when the markets call time on the UK. Not long now IMO, Monday even? Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted August 18, 2013 Share Posted August 18, 2013 It will be stopped when the markets call time on the UK. Not long now IMO, Monday even? ever the optimist ! everyones on holiday at the moment. No action going to happen. Quote Link to comment Share on other sites More sharing options...
nickincash Posted August 18, 2013 Share Posted August 18, 2013 Maybe it will be stopped when they find out that I would have voted for them in the next GE but now definitely won't if they go ahead with H to B Part 2. Of course that's assuming that there are one or two other like minded people. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted August 18, 2013 Share Posted August 18, 2013 It could be stopped but it won't all pyramid schemes need a continuous stream of new entrants which need to increase in numbers continuously, the bank of mum and dad is now insolvent so HTB is the option TPTB have chosen to keep the numbers up ,but I'm sceptical of how successful it will be at atracting new skin to the game, there seems to be far more debt aversion out there now Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 HTB is a bluff, they have been working away to shore the banks up for the coming shitstorm, and they are playing to the thick sellers who think they are entitled to a peak price for their hovel and the thick buyers who think they are entitled to "own" at any price. PTB know rising rates will cancel out the need for HTB as those who can are forced to drop their price. When the crash comes the banks will do great business punting loans to buy at normalised prices. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 18, 2013 Share Posted August 18, 2013 HTB is a bluff, they have been working away to shore the banks up for the coming shitstorm, and they are playing to the thick sellers who think they are entitled to a peak price for their hovel and the thick buyers who think they are entitled to "own" at any price. PTB know rising rates will cancel out the need for HTB as those who can are forced to drop their price. When the crash comes the banks will do great business punting loans to buy at normalised prices. how terribly cynical...are you saying the banks would try and shaft a whole nation...that will never happen...... Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 18, 2013 Share Posted August 18, 2013 It will be stopped when the markets call time on the UK. Not long now IMO, Monday even? theres a bank holiday coming up soon, the celente chap warns of these. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted August 18, 2013 Share Posted August 18, 2013 HTB is a bluff, they have been working away to shore the banks up for the coming shitstorm, and they are playing to the thick sellers who think they are entitled to a peak price for their hovel and the thick buyers who think they are entitled to "own" at any price. PTB know rising rates will cancel out the need for HTB as those who can are forced to drop their price. When the crash comes the banks will do great business punting loans to buy at normalised prices. Been thinking similarly. We are all getting wound up about HTB and I am too, but I am curious as to how many sales involve HTB and what is the sum involved ? Is HTB not just very successful PR aimed at the house buying populace to make them i) think everything is back on track and ii) stabilise their 'precious' houseprices until after the election ? a false 'feel-good' All those saying it'll create a bubble i) either won't be believed or understood by the sheeple so no -ve PR, and ii) they may be crying wolf because volumes are so low. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 18, 2013 Share Posted August 18, 2013 Been thinking similarly. We are all getting wound up about HTB and I am too, but I am curious as to how many sales involve HTB and what is the sum involved ? Is HTB not just very successful PR aimed at the house buying populace to make them i) think everything is back on track and ii) stabilise their 'precious' houseprices until after the election ? a false 'feel-good' All those saying it'll create a bubble i) either won't be believed or understood by the sheeple so no -ve PR, and ii) they may be crying wolf because volumes are so low. Funding for lending is the biggie. Its free money, no strings attached. HtB i guess indemnifies the bank against any losses, but, lets be honest, the banks know that the govt will force the taxpayer to do that at the point in time when the loans inevitably go bad anyway, they dont need HtB to tell them that! Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 how terribly cynical...are you saying the banks would try and shaft a whole nation...that will never happen...... Well they, and the government, will play things to their own advantage, lets put it that way. Many sheeple are shafting themselves really IMO, by just refusing to take their heads out of the telly long enough to think an independent thought. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 18, 2013 Share Posted August 18, 2013 Funding for lending is the biggie. Its free money, no strings attached. HtB i guess indemnifies the bank against any losses, but, lets be honest, the banks know that the govt will force the taxpayer to do that at the point in time when the loans inevitably go bad anyway, they dont need HtB to tell them that! Any losses on the next round will get picked up by a big bailin of people with deposits over £85k. Win win for the bankers. Moral hazard is great. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 18, 2013 Share Posted August 18, 2013 Been thinking similarly. We are all getting wound up about HTB and I am too, but I am curious as to how many sales involve HTB and what is the sum involved ? Is HTB not just very successful PR aimed at the house buying populace to make them i) think everything is back on track and ii) stabilise their 'precious' houseprices until after the election ? a false 'feel-good' All those saying it'll create a bubble i) either won't be believed or understood by the sheeple so no -ve PR, and ii) they may be crying wolf because volumes are so low. Yes, from what I`m seeing people are saying, "Well I have a perfectly good flat/house here, I have dropped the price a bit, so come on where the f*uck are all the buyers?" They certainly don`t see any bubble (because some of them competed hard against other buyers DURING the bubble to buy what they are now trying to sell) but they think the government has a responsibility to "get things moving a bit". The PTB are playing this whole crisis pretty well I think, and they will play right up until the moment bigger events force their hand (with the "bigger outside events" as a nice excuse for what then happens) Quote Link to comment Share on other sites More sharing options...
renting til I die Posted August 18, 2013 Share Posted August 18, 2013 Maybe it will be stopped when they find out that I would have voted for them in the next GE but now definitely won't if they go ahead with H to B Part 2. Of course that's assuming that there are one or two other like minded people. +1, here is one like minded person! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 19, 2013 Share Posted August 19, 2013 One scenario is that the plans to pump the housing market for the 2015 election are bearing a bit too much fruit for TPTB at this stage. All the indices are heading north at a fair clip now. The bust may therefore come too soon. I can see this being a behind-the-scenes reason to delay the implementation of HTB2 for six months, with the consulting stage being extended until mid 2014. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 19, 2013 Share Posted August 19, 2013 I think the only thing the government can do to save face is limit the amount of buyers each year, or make the waiting list impossibly long. Quote Link to comment Share on other sites More sharing options...
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