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Help to "Buy" (Sell) to be pumped up

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3 minutes ago, Sawitcoming said:

You stole the words from my mouth. Looking forward to seeing how the opposition responds to this. Unfortunately the sheeple see it as altruistic and so it is a difficult topic to challenge, however if it is done right, the facts (not something sheeple always care about it has to be said) can be used to turn this against the cons to show how deceptive they are.

If they don't, we have to worry what their plan is. It seems recently that left-wing commentators are better at dismantling policies of the tories than the shadow cabinet 

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10 minutes ago, UnconventionalWisdom said:

If they don't, we have to worry what their plan is. It seems recently that left-wing commentators are better at dismantling policies of the tories than the shadow cabinet 

I'm not so sure. It is not always wise to tell it how it is grasshopper.  We all know how toxic conversations about housing can be when based on the facts. If Corbyn starts slamming help to buy, the papers may drown him with how he doesn't care about first time buyers. He knows what the facts are just like we do. They all do. 

Edited by Sawitcoming

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The facts don't bother the DUP. Wonder how much influence they have had on this latest Tory move.

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So may has shown her had...no different from Osborne et al.

 

We should perhaps expect Carney to be talking out Hus a##e after all. More FLS need to fund all those GTB back slave boxes.

 

Time to get out after all.

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7 minutes ago, Sawitcoming said:

I'm not so sure. I have seen Corbyn get wiser. It is not always wise to tell it how it is grasshopper.  We all know how toxic conversations about housing can be when based on the facts. If Corbyn starts slamming help to buy, the papers may drown him with how he doesn't care about first time buyers. He knows what the facts are just like we do. They all do. 

This is a good point. Help to buy has been portrayed as the government actually trying to do something for first-time buyers (even if it's not). Best thing to help first-time buyers is a crash to affordable levels, but no one would accept an intentional crash as a policy. If they all know it but have their hands tied, we are all royally screwed (even more so than now!) 

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7 minutes ago, TheCountOfNowhere said:

So may has shown her had...no different from Osborne et al.

 

We should perhaps expect Carney to be talking out Hus a##e after all. More FLS need to fund all those GTB back slave boxes.

 

Time to get out after all.

Macron will bankster you and the Tea is rubbish in France. I'd say Hold the Line. This cannot continue.

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2 minutes ago, UnconventionalWisdom said:

This is a good point. Help to buy has been portrayed as the government actually trying to do something for first-time buyers (even if it's not). Best thing to help first-time buyers is a crash to affordable levels, but no one would accept an intentional crash as a policy. If they all know it but have their hands tied, we are all royally screwed (even more so than now!) 

This is not going to stop the market crashing, but it may help the builders to offload some of the stock they have already built before it is too late. 

Edited by Sawitcoming

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7 minutes ago, TheCountOfNowhere said:

So may has shown her had...no different from Osborne et al.

 

We should perhaps expect Carney to be talking out Hus a##e after all. More FLS need to fund all those GTB back slave boxes.

 

Time to get out after all.

 

If this perks the market up again, I can definitely see a brain drain coming.  Intelligent people who can move abroad still hope of a life here but 2 or 3 more years of HPI and I think most people will give up.

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2 hours ago, rollover said:

Theresa May declares that she will bounce back from election shambles The Sun

... Presumably she is hoping to bounce back with (quite literally) more of the same? Jesus wept.

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2 hours ago, adarmo said:

I might actually sell the lot and move to the forest of Diane Abbott gets close to No. 10.

I do not like Diane Abbot, but I really am struggling to find anything worse than a blatant Tory boy  like yourself.

On to the matter at hand, If this move is true, it truly is indefensible. 

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2 hours ago, UnconventionalWisdom said:

I agree with you to a certain extent- but a lot of people see the policy for what it is- direct funding for property developers. Surely it's the job of opposition MPs to educate the masses in the shortfalls of Government policy. Surely labour MPs can use facts and figures to show how help to buy has done the opposite of helping?!

There is no opposition.  There's only a uniparty looking after big business interests.  Everything that's fit for public consumption is merely bread and circuses.  Corbyn is part of the act.  Illusion of choice.  Look at the labour party 1997 to 2010 - house prices boomed under them.  Any party's manifesto is just a list of lies.

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So, the UK net contribution to the EU is around 8 billion a year.  

Since 2009 it has spent over 200 billion in financial subsidies and market interventions, the sole purpose and result of which has been to maintain house prices above market value. Temporarily. By HTB, FLS, bank purchases. 

That 200 billion has been stripped from public services, added to the national debt, and foisted onto the next generation as a perpetual tax on social mobility. The benefits have been gifted to those over 60 years of age, or those of that generation who were already comfortably off, thank you. 

In any case, 200 billion has vanished from the public accounts,  and that doesn't include the 25 billion annual spend on "housing welfare".....most of which is simply a subsidy that allows rents to be maintained above market levels. 

Thank goodness we have a government that believes in free market capitalism. The only consolation is that it is clearly unsustainable. 

 

 

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On housing, the Government will attempt to get 135,000 more people on to the property ladder through a £10 billion extension of the Help to Buy loan scheme.

F*cken how they are arriving at 10billion pounds for 135,000 houses. It wouldn't even cost that much to buy outright.

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Help to buy is still debt, mortgage debt plus government debt.....so how is that help, help would be less debt and lower prices.;)

https://www.helptobuy.gov.uk/equity-loan/equity-loans/

This Help to Buy equity loan is interest free for the first five years, after which you will be charged a fee calculated at 1.75% of the equity loan plus 1%. The fee rate slowly increases year on year in line with the Retail Price Index. These repayments will sit alongside your mortgage repayments.

Edited by winkie

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38 minutes ago, suresh786 said:

On housing, the Government will attempt to get 135,000 more people on to the property ladder through a £10 billion extension of the Help to Buy loan scheme.

F*cken how they are arriving at 10billion pounds for 135,000 houses. It wouldn't even cost that much to buy outright.

That's £74000 per house. Seems plausible to me.

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6 hours ago, DrBuyToLeech said:

The old vote Tory as they acquire wealth, in particular they become homeowners. 

This isn't happening.

Thatcher knew this, and hence right-to-buy.   So they could turn this around, but it seems at the moment that thet don't even understand the problem.

It's not just housing. People who have pensions are more likely to worry about the stock market, and less likely to vote for socialist policies.   People who have nothing have nothing to lose. 

People who hold no capital have no stake in a capitalist society...... owning something to gain from it helps.;)

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I couldn't believe this when I just heard it on the radio...that 10 B would be better spent on social housing, reducing rents in the whole market place by reducing housing benefit, making more property available for sale as btl,s give up and sell and thus reducing prices....but this then means that it wouldn't go to their friends the bankers or feather their own nests/private interest!

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I thought HTB was limited by a time period (2021), not a cash amount?

Cant help thinking Osborne would have better grasped the challenge the Tories are facing (a mess he helped create admittedly) and come up with something much more targeted and effective at winning FTB votes.

Arent we also due the bleatings from the muppets who first took out Help to Buy in 2013 and now realise they have two mortgages to pay off on their cruddy newbuild and werent infact helped at all.

Edited by rantnrave

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7 hours ago, adarmo said:

It does however create new partial homeowners. I guess most people who own property (in whatever share) would rather vote for a govt backing property ownership than one promising to tax it. 

Well ..... you're backing a government that is on the same slippery slope of Labour, starting to splurge UKGOV spending, which will result in the cost of borrowing going up.

IMHO UK is teetering on a debt meltdown. Trading has moved on from the fringes of the EU - ECB has ruined that short.

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8 hours ago, Simhadri said:

Dear young people.  We will give you 50% Help To Buy to buy a studio flat for £600k in a shitty locality so that you will be grateful to Tory party for rest of your life whilethe tory lords will continue squeeze money out of you with leaseholds.

Extra grateful as the house prices are falling and cost of debt is increasing.

 

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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