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New Labour desparate to re-inflate housing bubble before election time

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    New Labour desparate to re-inflate housing bubble before election time

    http://news.bbc.co.uk/1/hi/business/8170214.stm

    Good to see my taxes going on pushing up housing developer profits.

    I know they are "loans" but at what interest rate to the developers?
    Last edited by DimPrawn; 27 July 2009, 12:14.

    #2
    Originally posted by DimPrawn View Post
    http://news.bbc.co.uk/1/hi/business/8170214.stm

    Good to see my taxes going on pushing up housing developer profits.

    I know they are "loans" but at what interest rate to the developers?
    £925m? FFS.

    "But he insisted the funds were not a "handout" for developers who would have to repay loans within five years."
    Expect a lot of liquidations in building companies in four years, eleven months then.

    Comment


      #3
      New Labour desparate to re-inflate housing bubble before election time

      Originally posted by DimPrawn View Post
      http://news.bbc.co.uk/1/hi/business/8170214.stm

      Good to see my taxes going on pushing up housing developer profits.

      I know they are "loans" but at what interest rate to the developers?
      How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?

      Comment


        #4
        Originally posted by expat View Post
        How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?
        Good point.

        Comment


          #5
          Originally posted by expat View Post
          How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?
          It will not re-inflate the housing bubble, it will stop some builders from going bust. They want to help builders to complete existing projects, so they can sell them to investers like AVIA. Keep builders in work. I don't think it will have much effect on house prices. Just stop some things from getting worse, accept the national debit of course.
          Fiscal nomad it's legal.

          Comment


            #6
            It's a shame that they brought in HIPS then wasn't it !! You won't get that under the Tories as they are abolishing this stealth tax.

            Comment


              #7
              Originally posted by expat View Post
              How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?
              Its a good point : but Labour are using state money to keep industry going. It can only end in tears.

              Comment


                #8
                Originally posted by alreadypacked View Post
                It will not re-inflate the housing bubble, it will stop some builders from going bust. They want to help builders to complete existing projects, so they can sell them to investers like AVIA. Keep builders in work. I don't think it will have much effect on house prices. Just stop some things from getting worse, accept the national debit of course.
                except

                (sorry - vocabulary police here)

                Comment


                  #9
                  Is this not all to do with the report regarding the housing shortage crisis for the UK...

                  http://www.jrf.org.uk/media-centre/s...housing-crisis

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