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Help to buy has mostly helped housebuilders boost profits

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The chancellor, Philip Hammond, is lining up another £10bn to extend the“help to buy” programme first launched by George Osborne in 2013, which has already sucked up £10bn of taxpayers’ cash. Yet a report from Morgan Stanley – not usually the type to stick the knife into a flagship government policy – lays bare how this colossal sum has been almost entirely wasted.

The Guardian

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Be in no doubt that we are being led by evil cynics that will stop at nothing to distort the housing market to enrich chosen privileged groups.

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7 minutes ago, Wayward said:

Be in no doubt that we are being led by evil cynics that will stop at nothing to distort the housing market to enrich chosen privileged groups.

Absolutely. The Government and the Bank of England have both made this clear. They know no other way and they want it this way.

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On paper yes, its a temporary freebie... based on  continouios asset price growth. Unfortunatly it also comes with possiblity of negative equitity if the loanee cannt replay the loan within the first five years.

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Borrow more to boost housebuilding.
http://www.bbc.co.uk/news/business-41714128

Except: "So for example... you borrow more to invest in the infrastructure that leads to more housing...".

i.e. Anything except actually building social housing or measures to lower homebuilder profit margins (infrastructure improvements are capitalised into land prices).

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15 minutes ago, guest_northshore said:

Borrow more to boost housebuilding.
http://www.bbc.co.uk/news/business-41714128

Except: "So for example... you borrow more to invest in the infrastructure that leads to more housing...".

i.e. Anything except actually building social housing or measures to lower homebuilder profit margins (infrastructure improvements are capitalised into land prices).

Desperate stuff from the Tory boys.

Reducing the deficit is the the right thing to do. Increasing the deficit is also the right thing to do. :blink:

Anything to avoid admitting you were wrong. <_<

DotheRightThing.jpg

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  • 292 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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