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crashmonitor

Independent Property Boom Special Today

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Another bunch of London journos trying to sound a bit indignant about htb2, whilst thinking hey we will splash this onto all of page one, three and five and scare potential buyers into the market thus pouring fuel onto the fire. A bit like Adam Shaw on Panorama last night.

http://www.independent.co.uk/news/uk/politics/help-to-buy-more-evidence-of-a-property-boom-and-why-its-a-bad-news-story-8933659.html

Edited by crashmonitor

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Another bunch of London journos trying to sound a bit indignant about htb2, whilst thinking hey we will splash this onto all of page one, three and five and scare the crap out of those thinking about buying thus pouring fuel onto the fire. A bit like Adam Shaw on Panorama last night.

That does not compute.

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Sorry TMT see you have already linked this ion another thread.

The link to Panorama ............

http://www.bbc.co.uk/programmes/b03j0nw1

More faux concern from Adam Shaw, assuming he has got some housing equity to ramp.

I like Adam Shaw and consider him a sensible, objective journalist. The fact that Panorama even did that programme last night just proves that there are such people still working in the BBC and in journalism in general.

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I like Adam Shaw and consider him a sensible, objective journalist. The fact that Panorama even did that programme last night just proves that there are such people still working in the BBC and in journalism in general.

I agree with crashmonitor, more faux concern FUD.

"You'll never buy a house... Look over there a govt scheme to help you buy a house!"

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They are desperate to up the volume of sales that's why they're publicising it day in day out, morning noon and night.

It's classic VI ramping with them "all in it together" hoping against hope that they'll make it to the eu elections and then to the general election with house prices no worse than flat.

They are aware that asking prices are going up in some areas but it's not being confirmed by volume of sales and isn't that a classic sign that new highs are not going to be sustainable.

It does seem to be just a matter of how well they can keep it "UP", "UP", "UP" (from Cameron's conference speech) and a matter of time before it goes the opposite way.

Edited by billybong

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It is understood that the Bank’s Financial Policy Committee, which is closely monitoring Help to Buy, will consider whether the ceiling should be halved to £300,000 if there are signs the housing market is overheating.

So where is it written that the BoE "will consider whether the ceiling should be halved to £300,000 if there are signs the housing market is overheating". What is meant by "overheating". Let's have their definition of the word and the relevant figures.

They should be open and transparent about it all

People should be told as their money is at risk and it smacks of insider information - again.

A bit like the BoE using inside information to structure and rebalance it's own pension fund.

After all the UK is a democracy :lol:

Edited by billybong

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Vince Cable, the Business Secretary, who has consistently warned about another housing bubble, said: “There are preliminary numbers. My view about the scheme is that, if it succeeds in stimulating new homes, it will be a success. If, on the other hand, it drives up prices it will not be. However, safeguards have now been put in place and the Bank of England will be monitoring the scheme closely.”

What are the secret safeguards and where are they written?

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money.jpg

Wake up to Money podcast

Housing demand soaring 12 Nov 13

Tue, 12 Nov 13

The Royal Institution of Chartered Surveyors (Rics) says urgent action must be taken to tackle the problem of demand outstripping the supply of homes for sale, which is "nowhere near" the levels needed to cope. The problem of retail food theft and what can be done about it. And we find out how the UK's banks will be put through their paces with a simulated cyber attack.

http://www.bbc.co.uk/podcasts/series/money

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