Sunday, Dec 03, 2006

Let them eat chocolate

BBC: Young workers 'need housing help'

More assistance is needed to help young employed people currently priced out of the housing market, Joseph Rowntree Foundation says.

Posted by harold @ 09:40 AM (2808 views)
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1. Mrphil said...

Surely, helping more priced out people into an over-inflated market, further fuelling prices, is exactly what we DON'T need! These "charities" need to back off and let the market forces dictate prices.

Sunday, December 3, 2006 10:01AM Report Comment

2. japanese uncle said...

All these 'assistance' sound like simply pouring perfume over manure. There are no radical cure of this property disease, except the spectacular crash wiping off 70% value. Ill-advised who wasted their money on BTL/MEW, etc may suffer. But it cannot be helped.

Sunday, December 3, 2006 10:36AM Report Comment

3. paul said...

"Moving to a cheaper area where a household can buy outright, rather than remaining in a more expensive area where the household can afford only shared ownership, may well be a better long-term strategy in terms of housing market choices over a lifetime."

Yes. There's one critical oversight though - the jobs are located in the expensive areas.

Sunday, December 3, 2006 11:55AM Report Comment

4. sirgoogle said...

JU. Agree.

Helping these poor souls will just prolong the problem and make it bigger still. The "market" will know what "help" is available and adjust to take it into account. This is just throwing good money after bad.

Sunday, December 3, 2006 12:43PM Report Comment

5. harold said...

"Yes. There's one critical oversight though - the jobs are located in the expensive areas." Paul

And one further oversight is that people are reluctant to buy property in a dump - who can blame them.

Sunday, December 3, 2006 02:25PM Report Comment

6. Leedel20 said...

A nanny state, now way.

Sunday, December 3, 2006 04:01PM Report Comment

7. Nasha said...

I wantched an interesting program the other night related to this, but focusing on key workers. I drew the same conclusion for both this article and that program. You can help people all you want but as sirgoogle said this will only prolong the problem, the Labour ideals of helping everyone just increases the number of people wanting help.

Sunday, December 3, 2006 05:47PM Report Comment

8. inbreda said...

They're not helping people, they are fighting fires. Big difference.

Monday, December 4, 2006 11:32AM Report Comment

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