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Trump Invective

Could htb really be scrapped??

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HTB exists to transfer wealth to land owners and property developers.

It was never conceived to 'help' buyers.  You don't help buyers by inflating house prices and getting them into more debt.  Look at the £100m bonus of the Persimmon CEO and others.

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57 minutes ago, fru-gal said:

Yeah I'm not sure the govt can't u turn. The scheme could get more poisonous for them. If so I think changes might be made. They will never abandon it, as its their only rhetorical tool on housing apart from 'there are more people than ever in work'

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We will be hearing a lot more about this cynical scheme in the coming years...such an ill conceived and complex distortion of the market can only end in tears.  100,000s of those 'helped' are likely to find themselves in difficult and negative equity...it will all unravel and may bring the government down.

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Well the amount that will be depreciated will prove a spectacular loss. The magic money tree was going strong, just not in the right garden.

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1 hour ago, Wayward said:

We will be hearing a lot more about this cynical scheme in the coming years...such an ill conceived and complex distortion of the market can only end in tears.  100,000s of those 'helped' are likely to find themselves in difficult and negative equity...it will all unravel and may bring the government down.

In a genuine crash of a significant magnitude holders of a HTB loan would be able to revalue their property at it's lower value (say -50%) and then repay half the loan at that point and walk away from the rest of the debt. That is assuming they can get together the cash to pay even the lower settlement amount.

Already seen someone in a Grenfell type building who cleared their HTB loan repaying only 10%

https://www.theguardian.com/money/2018/apr/25/help-to-buy-agency-writes-down-loan-on-flat-over-grenfell-style-cladding

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  • 301 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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