Tuesday, Jul 18, 2006

Government housing policy now decided by Phil and Kirsty

FT: U-turn on home information packs

Sod the 700,000 FTB's displaced by BTL and insanely high house prices. Phil and Kirsty say anything that causes prices to do down is a bad thing so the government jump to their tune and can it.

"The government appeared to have buckled under pressure after 130 MPs last week signed a motion against the packs amid fears they could affect house prices."

Posted by veryangryftb @ 11:32 PM (560 views)
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1. Marcus B said...

Can someone explain to me why people think these packs would reduce house prices? Surely the reverse is true - sellers would be less willing to sell because of the extra cost and hassel involved and buyers would be more keen to buy because they would have better visibility on what it was that they were buying. I understand that if buyers could see some of the problems that some houses have they might put in lower bids but surely the big picture is demand and supply: there would be an increase in demand and a drop in supply raising overall prices. Someone please explain where my logic is at fault!

Wednesday, July 19, 2006 10:08AM Report Comment

2. sebastian said...

It is a disgusting how FTB's have been completely forgotten about. How can you buckle under the pressure of VIs that are in it purely for the money and completely ignore those that can no longer afford a home.

This government really is a joke!

Wednesday, July 19, 2006 10:19AM Report Comment

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