Thursday, July 18, 2013

And there I was thinking that this would have even a hint of analysis that this was a BAD thing

How parents will take advantage of Help to Buy

Pity the lazy sods who didn't chose the right parents!

Posted by mombers @ 05:13 PM (2006 views)
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6 thoughts on “And there I was thinking that this would have even a hint of analysis that this was a BAD thing

  • mark wadsworth says:

    But Mombers, there is nothing at all BAD about this!!

    It is a burden on the taxpayer, it increases national debt, it trickles wealth upwards, it pushes up property prices, it gets more people hooked on Home-Owner-Ism, it is political and economic genius. If you are a Tory seeking reelection, a BTL or a banker.

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  • righttoleech says:

    All the evidence points to Maggie being wrong when she said ‘you can’t buck the markets’. The housing market has been bucked, (should that be an f not a b), since Brown set interest rates too low half a mortgage term ago.

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  • Let me see if I’ve got this straight.

    Interest rates cannot be allowed to rise because too many people are in too much debt and wouldn’t be able to meet the payments. There would be a tidal wave of repossessions and personal bankruptcies.

    Meanwhile …

    people are being encouraged by all interested parties to take on mortgages on new build flats and houses because, basically, “Yes the property prices are still very high but the debt has never been more affordable”. So we drive up the number of people who couldn’t possibly cope with even modest rises in interest rates.

    Therefore:

    – Interest rates can NEVER be allowed to go up
    – Savers will continue to get milked
    – And the whole thing can be nothing but a downward spiral until – ad absurdum – we all do nothing except service our debt

    Or am I missing something?

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  • So what if there were no or very few savers left? Can central banks replace commercial banks funding source indefinably?

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  • The tone of the comments in the Telegraph is extremely critical of nationalise mortgage lending. Maybe those in favour of this scheme don’t bother to give their opinion or is the government completely out of touch?

    I was given some advice about investments by a financial adviser recently; I was advised to buy a property for BTL 🙁

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  • JD was a case study!? (I know, I know – but it made me chuckle)

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