Monday, November 21, 2011

More comment on ‘the strategy’

Falling house prices, not rising Government intervention, are first time buyers’ best hope

Amid a credit crisis caused by excessive debt, much of it secured to overpriced property, the Government now proposes to encourage laxer lending to people with no history of repaying debt so that they can buy overpriced property.

Posted by dill @ 10:23 AM (1505 views)
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5 thoughts on “More comment on ‘the strategy’

  • Ian Cowie on top form 🙂

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  • sibley's b'stard child says:

    What is this heresy Mr Cowie? What you are suggesting flies in the face of everything we are trying to achieve within the govt.

    Take him outside and feed him to the hounds.

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  • Amazing! Such a vulgar and obvious transfer of resources to the party donors at the expense of (i) taxpayers and (ii) anyone secuced into taking part that even Cowie feels compelled to tell it like it is.
    Quite right about allowing the feckless BTL hordes to jump ship. Hopefully this will swamp the market!

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  • The hopes of FTB’s don’t matter though because there are more homeowners and so doing what helps them is the best way to get re-elected.

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  • mark wadsworth says:

    SBC, CS, Cowie is one of the few people writing for the Telegraph who talks sense, he even once muttered something about the damaging effects of tax breaks for housing…

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