Jump to content
House Price Crash Forum
Sign in to follow this  
Bruce Banner

20% Off Your First Home -- Merged Threads

Recommended Posts

Tories using taxpayers money to buy votes again.

http://www.dailymail.co.uk/news/article-2771380/20-cent-home-Tories-offer-time-buyers-40-special-discount.html

20 per cent off your first home: Tories offer first-time buyers under 40 special discount
  • David Cameron will unveil dramatic extension to party's Help to Buy scheme
  • 'Starter homes' will be available at 20 per cent less than their market value
  • First-time buyers under the age of 40 will be offered discount on new homes
  • Discount possible because housebuilders would be exempt from some taxes
Edited by Bruce Banner

Share this post


Link to post
Share on other sites

So how long will it take to build 100k houses ? who determins market value ? i will put my money on it won`t be the "market"

Under the scheme, 100,000 houses would be built on so-called ‘brownfield’ land and reserved for sale only to young people buying their first homes.

The ‘starter homes’ will be available throughout England and offered at prices 20 per cent less than their market value.



Read more: http://www.dailymail.co.uk/news/article-2771380/20-cent-home-Tories-offer-time-buyers-40-special-discount.html#ixzz3ESflHh4U
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Share this post


Link to post
Share on other sites

Why do they think the 'market value' of an affordable started home on a govt brownfield site is £200k?!

More like about £80k before the massive uplift and modest 20% newbuild discount.

Bet you none of them would sell for more than the discounted price in the real market after purchase.

Nice tax free bung to Dave's landowning property developer chums though! Donations should be addressed to Grant Shapps.

Share this post


Link to post
Share on other sites

Looks as if Tory central orifice has timed this press release to coincide with the first reports of falling house prices.

never catch a fallng knife.

house prices should not be artificially pumped up with taxpayers money.

it's YOUR money!!!!

Edited by oracle

Share this post


Link to post
Share on other sites

The ‘starter homes’ will be available throughout England and offered at prices 20 per cent less than their market value.

It sounds like they're going to be offered at getting on for their market value.

Take an additional 20% off and they'd be almost at their true market value.

It's the Conservative (and LibDem) free market :lol::lol::lol:

(there just aren't enough :lol: to fit the policy without clogging up the entire internet)

Edited by billybong

Share this post


Link to post
Share on other sites

Reduce the tax on builders and they'll just add the reduction in costs to the price and their profits.

Yet another Builder initiative who are major Tory donors/puppetmasters.

What are the builders share prices looking like after this announcement?

Share this post


Link to post
Share on other sites

The only way to get ahead in life is to get a government handout. Pray you are in a favoured demographic, come election time.

the government should stop trying to help people.

they just make matters worse.

simple really...back in the olden days interfering busybodies were given the cold shoulder.

we should treat government as interfering busybodies...nasty little curtain-twitching know-alls.

Share this post


Link to post
Share on other sites

But it shows that all the tricks used in Australia and Canada to keep prices rising will be used here and that HtB is a permanent feature.

australia and canada both have masses of mineral resources and a much lower population density than we do.

they can get away with it because if SHTF they can be self sufficient..we cannot.

if S does not HTF they can trade their way honestly into prosperity with the resources they have.

Share this post


Link to post
Share on other sites

Well considering that in most parts of Greater London prices are up by between 40 and 70% on the 2007 bubble prices then 20% means that most people will still not be able to afford to buy. And didn't prices in many parts of London go up by over 20% in the last year alone. But when things are advertises at 'below market value' and the word 'free' appears than people's sense goes out of the windows.

But it shows that all the tricks used in Australia and Canada to keep prices rising will be used here and that HtB is a permanent feature.

The Keynesian rabble attempt to hold up the bubble with an extension to the HtB subsidy. HtB3 by any other name. Yet again the HPC massive calls the criminal manoeuvres correctly.

Share this post


Link to post
Share on other sites

since when did HTB get extended to 2020? is that also the HTB2 scheme?

At any rate, looks like the government is planning continuing to be a big force in the housing market. Funny though as thatcher thought the opposite.

Share this post


Link to post
Share on other sites

Anything but let house prices drop.


CHEAP RENT FOR YOUNG WORKERS

Young workers will get guaranteed cheap rent to allow them to save a deposit for their first home under another new Tory scheme.

The ‘rent to buy’ programme will offer first-time buyers a 20 per cent discount off their rent for seven years.

They will then be given the right to buy the home.

The £400million plan from Communities Secretary Eric Pickles aims to give young workers a ‘springboard’ on to the property ladder.

The scheme is designed for single people earning £33,000 or less and couples on up to £66,000.

Housing associations will run the scheme, but ministers will insist the new one- and two-bed flats are given to ‘hard-working’ people who have never owned a home.

Share this post


Link to post
Share on other sites

since when did HTB get extended to 2020? is that also the HTB2 scheme?

At any rate, looks like the government is planning continuing to be a big force in the housing market. Funny though as thatcher thought the opposite.

Wiki says:

Expansion and extension

Phase one of Help to Buy was announced in the 2013 budget and launched on 1 April.[14] Phase two was rolled out in October 2013.[15] In the 2014 budget, phase one, which as originally intended to run till 2017, was extended until 2020, though phase two was not extended.

Share this post


Link to post
Share on other sites

since when did HTB get extended to 2020? is that also the HTB2 scheme?

At any rate, looks like the government is planning continuing to be a big force in the housing market. Funny though as thatcher thought the opposite.

Things was different in thatchers time. In 1979 the government credit card was tapped out, but the private sector was ripe for a few trillion of added debt servitude.

Its why I believe things would have been no different had Pillock won in '83.

Foot maybe. But we'd probably be speaking Russian or whatever they speak in argentina had he got in.

Share this post


Link to post
Share on other sites

Before long this will turn into fully fledged FTB grants. Osborne really does not give a f*#k about anything except winning.

There will be many more schemes as he does anything he can to avoid a correction.

FTB grants was the second of the props I predicted, the first being state guaranteed mortgage deposits (which we then got with HTB2).

Then there will probably be the return of MIRAS and finally the abolition of stamp duty.

Edited by oldsport

Share this post


Link to post
Share on other sites

He's really gone crazy.

HTB pushes prices up by 20% due to 20% deposit loan. So now to address things his 'gifts' new buyers 20% to offset the negative effects of his own policies.

May as well have done nothing. Except that would mean his developer mates get 20% less profits.

Whatever, id be pretty damn pissed off if I just bought with HtB as it stands, meaning I paid 20% more than the next schmuck, purely because of the ***** in no. 10.

Share this post


Link to post
Share on other sites

Before long this will turn into fully fledged FTB grants.

That's what it is, isn't it?!

Theyre all out of ammo. Zero rates, easy mortgages and still salaries cant keep up.

Theyre actually having to directly bribe people to buy into the market.

Remember, the tories really really like free markets :lol:

Share this post


Link to post
Share on other sites

I'll be over 40 by the time its started, id imagine many priced out will be.

They really are desperate help to rent, 20% discounts, wonder how many more scams theyve got up their free market hating sleeves.

Share this post


Link to post
Share on other sites

the government should stop trying to help people.

they just make matters worse.

simple really...back in the olden days interfering busybodies were given the cold shoulder.

we should treat government as interfering busybodies...nasty little curtain-twitching know-alls.

They are not trying to help people, well not unless you are a land banking building firm, or a NIMBY in the green belt somewhere

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   212 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.