Monday, March 12, 2012

It seems that no-one at all is taken in by Shappsy’s bung to the housebuilders

Cameron's sub-prime thinking

'You’d think the American sub-prime crisis would have taught politicians the world over not to try to rig the housing market. But no, David Cameron is back on it today — about how to ‘unblock’ the system so the debt geyser starts to gush again.' Cameron has put his name to this tosh, just how out of touch is No.10 becoming since Coulson spinned his last?

Posted by montesquieu @ 05:23 PM (1164 views)
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3 thoughts on “It seems that no-one at all is taken in by Shappsy’s bung to the housebuilders

  • Just watched Cameron on London Tonight. He painted himself as the saviour of young couples with aspitations – almost like a party political broadcast (which is what he intended it to be).

    The flats on the TV programme were really tiny – at £260,000 ! With a little creativity, you could hang a cot from the ceiling over the bath. The builders must be raking it in!

    The Coalition really love the phrase “repairing the broken rung at the bottom of the ladder”….He referred to it a couple of times. I wonder who dreamed that little phrase?

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  • repairing the broken STEP at the bottom of the PYRIMID

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  • stillthinking says:

    This is about government revenue not housing.

    -IF- the government wanted more housing then they could simply relax planning restrictions and make cheap land available. They are not doing this. Successive governments have been selling social housing without replacement for decades now. The government hopes to essentially transfer government debt to current social housing tenants. This group has done very well, where I lived identical flats were only 380 for social housing but 780-840 for private. That kind of saving mounts up. I think probably it will be considered an acceptable scheme though because of the influence of previous social housing purchases making vast untaxed fortunes.

    When the social housing changes hands there will be exactly the same amount of housing as before, but the government will have offloaded debt. That’s it. The problem has never been the actual building, it’s the planning permission, which the government can give out for free.

    That aside, the UK is not a healthy economy and any large building programme would be inflationary, we don’t have enough real level of savings.

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