Sunday, September 29, 2013

A nudge here, a nudge there.

Armed forces offered interest-free home loans

"The government is to offer armed forces personnel buying their first homes interest free loans towards a deposit."

Posted by rumble @ 04:03 PM (2251 views)
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7 thoughts on “A nudge here, a nudge there.

  • Difficult to grumble about this one.

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  • Gone are the days when you got a council house tenancy and very low rents.

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  • This is kind of a non-story as the forces already offer a similar scheme (LSAP) although that is capped at £8.5k.

    Reading further I see that the loan is limited to half salary, so I doubt many will get anywhere near the £25k limit.

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  • Debt everywhere.

    When it gets bad, the whole government faces a shutdown….. Where…?

    Yup, the good ol’ USA. Land of the free.

    http://www.bloomberg.com/news/2013-09-29/government-shutdown-a-day-away-as-deal-evades-lawmakers.html

    They just ain’t debt free.

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  • They just want us all in debt. They could instead give us tax cuts and pay rises to the armed forces, and maybe some folk would buy houses, others would buy pensions, others would buy holidays, food and cars. Is government really smart enough to be able to decide what folk do and do not purchase? This is exactly what caused the American crash and burn. Just like copying America down to the stupid huge student loan bubble, which only serves to inflate the cost of tuition, as this proposal will simply make accommodation and rents artificially expensive.

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  • Where it really comes from, is, that now that the British Government is a net owner of the banks, they are rigging the market so that their shares go up. Will they sell the shares and then pop the market at its top? Or will they get hooked on the buzz of banking profits and remain our banksters forever? If they do, expect them to slash regulations for themselves and pump up markets for themselves. Government is, always and everywhere, self serving and becomes a cancer when you allow this form of economic fascism. Fascism is the merger of corporate and state power, and that is what we see here today with this mortgage maniacal policy.

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  • TT, if rank and file soldiers got paid a proper wage in the first place..?

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