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I was wondering if there was an exhaustive list of measures that have been put in place to help prop up overpriced housing in the last decade.

Of the top of my head I can think of:

H2B

H2B2

Shared Ownership

Unprecedented forbearance from lender

I'm sure there are more though - can anyone think of any?

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I was wondering if there was an exhaustive list of measures that have been put in place to help prop up overpriced housing in the last decade.

Of the top of my head I can think of:

H2B

H2B2

Shared Ownership

Unprecedented forbearance from lender

I'm sure there are more though - can anyone think of any?

Funding For Lending.

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Nobody mentioned the biggest factor, not building enough houses. Politicians pretend they are trying, but since their multi-miilion property empires are based on scarcity of supply from Milibot to cameron there is absolutely no chance of them allowing wealth dilution.

Politicians lifes are about inherited wealth and playing the property game.

And their priorities are limiting building and ensuring generous inheritance tax rules.

Edited by crashmonitor

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Nobody mentioned the biggest factor, not building enough houses. Politicians pretend they are trying, but since their multi-miilion property empires are based on scarcity of supply from Milibot to cameron there is absolutley no chance of them allowing wealth dilution.

Not really, there are plenty of houses, it's just that the prices are so high that young people can't afford to buy them.

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Some type of expensive taxation in place for overseas buyers (all buyers for that matter) using property as a 'safe' as opposed as a home for someone.

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Housing benefit...

a way of propping up rental values ...(using tax payer's money :angry: )....to keep BTL'ers, buying up suitable housing, so they can get an over inflated income, letting to those on HB.

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1, Irresponsible borrowing

2, Irresponsible lending

in that order.

Credulous and naive banking types taken advantage of by ruthless and sophisticated borrowers?

"We never expected them to lie on the mortgage application forms, guv."

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Support for Mortgage Interest, basically benefits for unemployed people with a mortgage at a level far in excess of what you would get as a renter. Plus if you're retired, it's for life. Totally absurd.

Edited by Dorkins

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Property overpricing is due to a number of factors not just one and change over time with different strengths.

Roughly IMHO, under labour main cause was loose credit; 125% mortgages, btl tax breaks.

Followed by low interest rates in 2009 to stop falls and re-possession forbearance coupled with SMI.

More recently FLS and now HtB fuelling the 10% plus London and SE mega bubble rises.

Next / current step BoMaD funding more deposits and btl investment as interest rates fall further and then add (conlab hope) personal pension money to keep the plates spinning.

The above are probably IMV 90% of the problem with the other 10% due to supply and demand, population increase, houses in the wrong place ie work being dragged / pushed into London and SE.

Greed. I will never forget a woman who in early 2000s was franticly explaining how to invest in BTL and become rich. This religious passion in her eyes.

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Nobody mentioned the biggest factor, not building enough houses. Politicians pretend they are trying, but since their multi-miilion property empires are based on scarcity of supply from Milibot to cameron there is absolutely no chance of them allowing wealth dilution.

+1

There aren't enough houses, especially in the south east and other employment hot spots. And the problem is getting worse as internal migration, immigration, population growth, marriage breakdown, etc all result in more households being formed than houses being built.

But I don't accept that it's a conspiracy by property owning politicians. It's more to do with the deep rooted NIMBY attitudes of home owners, and the way they have formed themselves into vocal and influential voting blocs that intimidate politicians.

Edited by silver surfer

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What about savings propping up the housing market?

If savings didn't exist neither would the lending.....

Do they really need saver's cash with FRB and fantasy accounting, at what ratio is it allowed now, 10:1, 30:1 or 99:1 or more? It amazes me how bank lending ever looses money.

Edit: > list of measures that have been put in place to help prop up overpriced housing in the last decade.

Systemic screwup. Twisted statistics promoted by a brainwashing media (plus endless property porn and speculation), big money from the construction and banking sector capturing all party politics that prevents implementation of any solutions to the housing problem for the citizens of this nation and maintain every increasing HPI, by adding props and tax payers money to prevent any house price falls. Vested Interests protected.

- 0.5% Base rates for years! From those wise men at the BoE (Bank of England).

- QE £375Bn officially (Quantitative Easing / Financial Repression / Theft).

- Forbearance by lenders, reducing repros hitting the market to maintain prices.

- SMI (Support for Mortgage Interest).

- FLS (Funding For Lending Scheme) more cheap money.

- HTB (Help To Buy) parts 1&2.

- HB (Housing Benefit) growth to private landlords.

- BTL (Buy To Let) tax blind eye, loans and allowing speculation competing with FTBs (First Time Buyers).

- Planning restrictions for family homes, deliberate impotence.

- Social house building program halted for years.

- Fudged inflation, GDP growth and employment figures for media consumption.

...

- A failure to rebalance the economy to more productive activities for the countries future.

Edited by DarkHorseWaits-NoMore

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What about savings propping up the housing market?

If savings didn't exist neither would the lending.....

Banks aren't interested in savers any more. That's why they offer such paltry interest rates. They can get much cheaper cash elsewhere.

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