R K Posted March 18, 2015 Share Posted March 18, 2015 Quote Link to comment Share on other sites More sharing options...
workingpoor Posted March 18, 2015 Share Posted March 18, 2015 Disgusting Quote Link to comment Share on other sites More sharing options...
pipllman Posted March 18, 2015 Share Posted March 18, 2015 quite as obscene as the ECB tower Quote Link to comment Share on other sites More sharing options...
norseraider Posted March 18, 2015 Share Posted March 18, 2015 Gah.... make it stop. Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted March 18, 2015 Share Posted March 18, 2015 The LOUDER you scream, the higher we'll go! Join the party, fill yer boots, prices can only go one way... Quote Link to comment Share on other sites More sharing options...
hackney Posted March 18, 2015 Share Posted March 18, 2015 Shocking waste of money more than anything else. I don't think it will prop much up, however. Quote Link to comment Share on other sites More sharing options...
R K Posted March 18, 2015 Author Share Posted March 18, 2015 Ben Chu @BenChu_ 9m9 minutes ago The Help to Buy Isa costs £835m a year by 2019-20 according to the Treasury #Budget2015 : Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted March 18, 2015 Share Posted March 18, 2015 Ben Chu @BenChu_ 9m9 minutes ago The Help to Buy Isa costs £835m a year by 2019-20 according to the Treasury #Budget2015 : Makes it very clear that they want to maintain the housing ponzi for years to come. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted March 18, 2015 Share Posted March 18, 2015 (edited) I only just had a rant about the increase of tax free property levels in inheritance. This I'm just speechless (I wonder if I qualify for one )! http://www.constructionenquirer.com/2015/03/18/budget-boosts-housing-with-help-to-buy-isa/ Edited March 18, 2015 by renting til I die Quote Link to comment Share on other sites More sharing options...
pipllman Posted March 18, 2015 Share Posted March 18, 2015 is that 835 cumulative or are those the actual costs per year Quote Link to comment Share on other sites More sharing options...
Quicken Posted March 18, 2015 Share Posted March 18, 2015 is that 835 cumulative or are those the actual costs per year Annual Quote Link to comment Share on other sites More sharing options...
workingpoor Posted March 18, 2015 Share Posted March 18, 2015 (edited) Can this be be used as a shameless savings vehicle if no intention to buy into the ponzi? Edited March 18, 2015 by workingpoor Quote Link to comment Share on other sites More sharing options...
pipllman Posted March 18, 2015 Share Posted March 18, 2015 Annual so £2.165 billion over the term of the next parliament?! I don't think that is the very best use of that money tbh Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 18, 2015 Share Posted March 18, 2015 I could not resist it, emailed Osborne: "Dear Sir/Madam. Please forward this email onto Mr. Osborne. I voted for your party at the last election based on promises of prudence in economic matters. Since then I have watched the national debt spiral and watched as my savings have been hammered and your idiotic self serving bank propping property schemes have pushed up house prices to eye watering unstable unsustainable unaffordable levels. Now, today I have to sit and watch as you use the peoples money, taxes, savings, and children s future to gift anyone stupid enough to join in your housing pyramid scam a savings account with 25% interest. What ever happened to the free market tories ? I have to ask, are you really this stupid ? Or are you just out of touch with any sort of reality ? Do the fraud squad have to get involved before you stop throwing tax payers money at the bankers and building companies ? The only thing first time buyers need is for you to stop "helping" them. I am thoroughly disgusted by your actions today and for me and my family this is the last straw, we will be leaving this country, with our savings and income. I am ashamed to have voted for your party, absolutely ashamed. Needless to say, I wont be voting for you again." Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted March 18, 2015 Share Posted March 18, 2015 Can this be be used as a shameless savings vehicle if no intention to buy into the ponzi? Or, what counts as a 'first time buyer'? Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 18, 2015 Share Posted March 18, 2015 One slight positive. It will make it a no brainer to use a deposit to buy a house, not a 100% loan. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted March 18, 2015 Share Posted March 18, 2015 Can this be be used as a shameless savings vehicle if no intention to buy into the ponzi? I was thinking that but can't find any details yet Quote Link to comment Share on other sites More sharing options...
R K Posted March 18, 2015 Author Share Posted March 18, 2015 (edited) Is the £3000 cap per annum or in total? Anyone got a link to the scheme details? So £835,000,000 / £3000 (cap) = 278,000 per annum first time buyer htb isas by end of next parliament? Suggests theyre forecasting rather a lot of pent up FTB demand kicking in at some point........ So for a couple = £24k + £6k bung = £30k deposit. Edited March 18, 2015 by R K Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 18, 2015 Share Posted March 18, 2015 (edited) Or, what counts as a 'first time buyer'? Same as a "village idiot". With every passing month it becomes more and more apparent that this really is a pyramid scam and they will do anything they can to try keep prices up ( i.e. the bankers solvent and in well paid jobs and their tax revenues high ). No cuts, just scams and more tax. Edited March 18, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted March 18, 2015 Share Posted March 18, 2015 So there is to be no deflation of the bubble. The government will spend as much of their/our money as it takes to keep pumping up house prices. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted March 18, 2015 Share Posted March 18, 2015 I could not resist it, emailed Osborne: "Dear Sir/Madam. Please forward this email onto Mr. Osborne. I voted for your party at the last election based on promises of prudence in economic matters. Since then I have watched the national debt spiral and watched as my savings have been hammered and your idiotic self serving bank propping property schemes have pushed up house prices to eye watering unstable unsustainable unaffordable levels. Now, today I have to sit and watch as you use the peoples money, taxes, savings, and children s future to gift anyone stupid enough to join in your housing pyramid scam a savings account with 25% interest. What ever happened to the free market tories ? I have to ask, are you really this stupid ? Or are you just out of touch with any sort of reality ? Do the fraud squad have to get involved before you stop throwing tax payers money at the bankers and building companies ? The only thing first time buyers need is for you to stop "helping" them. I am thoroughly disgusted by your actions today and for me and my family this is the last straw, we will be leaving this country, with our savings and income. I am ashamed to have voted for your party, absolutely ashamed. Needless to say, I wont be voting for you again." Very funny and sadly true! Maybe should try writing to the other parties and asking why they don't seem to be questioning the mad men we have in charge! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 18, 2015 Share Posted March 18, 2015 Are Bulgarians, Romanians and other people who came to the country in the last 6 months eligible ? Quote Link to comment Share on other sites More sharing options...
Quicken Posted March 18, 2015 Share Posted March 18, 2015 Can this be be used as a shameless savings vehicle if no intention to buy into the ponzi? Nope. They only hand over the 'bonus' when you buy. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 18, 2015 Share Posted March 18, 2015 Are Bulgarians, Romanians and other people who came to the country in the last 6 months eligible ? When have they not been? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 18, 2015 Share Posted March 18, 2015 Very funny and sadly true! Maybe should try writing to the other parties and asking why they don't seem to be questioning the mad men we have in charge! Have you ever tried communicating with your MP ? All they have done when I have is toe the party line and pretty much do nothing. I've said it before and will say it again...best option is to leave. They will obviously stop at nothing now. They wont make the cuts, they wont rais rates, they will take everything off of you to keep the bankers going Show me the list of MPs out there complaining about the housing pyramid and the banker give aways ? Quote Link to comment Share on other sites More sharing options...
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