The Government Prepare For A Housepricecrash!

[BuyingBear]

Quite, these innocent victims [of greed] need protection and compensation for being missold. Dig deep people.

[New Bear]

Quite, these innocent victims [of greed] need protection and compensation for being missold. Dig deep people.

No not compensation - just a duty on banks to lend so responsibly and a cost to them if they can be shown not to have done.

[IP Newcomer]

This would play merry havoc with the mortgage industry, but it is still only a private members' bill and we shouldn't be too excited

Mudie's political profile shows that he's an old Labour figure who's not really in with either Blair or Brown, so this is probably not flying a kite of any kind:

http://news.bbc.co.uk/1/shared/mpdb/html/247.stm

And here's some more on the story:

http://politics.guardian.co.uk/commons/sto...1772431,00.html

http://www.ifaonline.co.uk/public/showPage.html?page=328410

http://www.24dash.com/content/news/viewNew...D=1&newsID=5602

Another thought, this could be a good one for those of you who actually believe that politics accomplishes something. Why not commend this private member's bill to your MP:

http://www.writetothem.com/

Edited May 18, 2006 by IP Newcomer

[Bingley Bloke]

This bill is shutting the stable door after the horse has bolted in our opinion.

Exactly what I said in Post 15

[DoubleBubbleTrouble]

Another thought, this could be a good one for those of you who actually believe that politics accomplishes something. Why not commend this private member's bill to your MP:

You make it sound like believing in Santa Claus!

The campaign is going to write the to MP in question and ask him why he isn't targeting the irresponsible lending and is only concentrating on mopping up the mess...

Exactly what I said in Post 15

You had a gate, mine was more of a door

Anyway it was such a good point it deserved said again

Edited May 18, 2006 by DoubleBubbleTrouble

[property flipper]

We think a new tax needs to be imposed on people how rent property from buy to let investors to creat a fund to bale out landlords how have over strectched .

[slaughterhouse]

Seems that GB really wants the job. He will try EVERYTHING to prevent an hpc before the next

general elections.

In some cities - Glasgow being a pilot city - every landlord not on HMO register has to register and

is charged £50.00 / flat to be entered in a database.

May be they will try to reduce the number of houses put up for sale via the starter pack, reduce the

number of houses going for repossession via this bill. To top it up, if GB reintroduces the SIPP, we'll have another boom!

Question: when going through an IVA, does one lose the house?

[BillyShears]

Sure, but tightening credit now would be tantamount to closing the gate after the horse has bolted.

Since the horse has well and truly bolted, what options does the government or the banks have that don't amount to closing the gate after the horse has bolted?

Billy Shears

[laurejon]

1. Allow Massive Wage inflation to set in, something in the region of 10% per annum. We would need to leave the EU to achieve this, and cease the charity payments we make to Europe.

2. Nationalise all housing

3. Release .00001% of the UK's land for development, and cease the tradition of paying Labour Councillors backhanders to get planning permission.

[DoubleBubbleTrouble]

In some cities - Glasgow being a pilot city - every landlord not on HMO register has to register and

is charged £50.00 / flat to be entered in a database.

I think you'll find that's the whole of Scotland not just Glasgow. Part of the unwritten government policy of using us as the testing ground for controversial legislation. Coming to a statute book near you soon.

Question: when going through an IVA, does one lose the house?

No. Could you imagine, would you pay near 2K to lose your home!

Edited May 19, 2006 by DoubleBubbleTrouble