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Scottish coronavirus bill - interest free loans for landlords


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Watching the live stream of the Scottish coronavirus bill being debated at holyrood. 

They are proposing

-Interest free loans for landlords

-For as long as required, but probably up to 1 year

-Backdated to the 1st of March. 

-Payments deferred until some future date. 

-Applies to social and private landlords. 

- Scheme up and running in 4 weeks. 

- No caps or amounts stated for the loan amount. 

Also discussing restricting evictions by applying a 6 - 9 month cap, though not in special circumstances such as the landlord or a member of their family, needing to live in the property. 

They also stated that they had made a representation to the UK govt to extend the proposed mortgage holidays to 6 months. 

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No surprise there, something similar will be along here shortly.

The government will have already decided that they cannot afford a HPC on top of the unavoidable economic fallout from the virus.

At a minimum sufficient help will be provided to both homeowners and landlords to avoid a crash.

Edited by Confusion of VIs
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While I am pissed off at this, it really does not matter.

It does not address the fundamental, systemic reasons why house prices are doomed to collapse in real terms and will just make the collapse harder in both real and nominal terms.

Think on this: delaying surgery for cancer patients due to WuFlu will drop the death rate in the near term, but those people still have cancer and it will be worse for a delay of treatment. In the housing market, almost everyone is a cancer patient.

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34 minutes ago, Locke said:

While I am pissed off at this, it really does not matter.

It does not address the fundamental, systemic reasons why house prices are doomed to collapse in real terms and will just make the collapse harder in both real and nominal terms.

Think on this: delaying surgery for cancer patients due to WuFlu will drop the death rate in the near term, but those people still have cancer and it will be worse for a delay of treatment. In the housing market, almost everyone is a cancer patient.

yes but in the housing market old age will kill us before the cancer does

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3 minutes ago, ubuntu said:

yes but in the housing market old age will kill us before the cancer does

The economy is done. The collapse is on hold until people emerge from Chinese Flu lockdowns, but when they do there will be little to go back to.

Thankfully, this means that we finally have the opportunity to start going back to an economy which actually makes things and technology and is not a vapid, predatory socialist redistributionary pile of garbage. Then maybe we can go back to eliminating poverty, as we were before the commies took over.

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  • 416 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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