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r thritis

Help 35,000 People Get Onto The Housing Ladder?

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http://news.bbc.co.uk/1/hi/uk_politics/4832848.stm

"Deputy Prime Minister John Prescott would give details of plans for £970m for shared equity schemes to help 35,000 people get onto the housing ladder"

The 'ladder' will instantly adjust to consume this extra cash. He might as well just write a cheque for £970m and hand it straight to the property developers. Without shared ownership schemes, these people would get to own all of a home instead of half of it.

EDIT - whooa! Parallel thread. Sorry Desperate Housewife.

Edited by r thritis

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key worker schemes are the same........If you give them a £20000 interest free loan or grant although it helps the indivduals concerned it only serves to support high house prices....

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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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