Tuesday, August 6, 2013
Anyone who can join the dots between Help To Sell and Freddie/Fannie will come to the same conclusio
Help to Buy mortgages could damage UK economy, warns ratings agency
The chorus grows even more. Will the government backtrack? I doubt it
Posted by mombers @ 05:45 PM (1145 views)
2 thoughts on “Anyone who can join the dots between Help To Sell and Freddie/Fannie will come to the same conclusio”
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alan says:
Yes, the economy will be damaged…BUT:
All the money Osborne is pumping into Help to Buy has pushed up Lloyds profits amazingly. Like a Ponzi scheme.
Therefore Lloyds, now profitable again, can be sold off more easily ~ (cheers from off-stage). Geddit!
With a bit more manipulation Osborne can engineer the costs the government has bourne (ie: lower them by creative accounting) to identify a low “break even point”, so then, with another “give away” Lloyds can be sold off to the “eternal credit” of the Tories.
Most Journalists won’t look into the numbers, they are far too lazy. If they are told to “hype it” they will.
As for the great British public, they will be distracted by Big Brother and the latest episode of Emmerdale till the next election when Murdoch will tell them which way to vote.
I’d like to see it all come unstuck before the election.
Becky says:
I was thinking about doing this but if in 5 years when we need to pay it back wages have not gone up, utility bills still rise and so do the interest rates all highly possible we will lose our house and everything we have put in. Let the prices fall so we can all live a ;ittle!