Government bribing electorate

[BrilloPad]

BBC News - Affordable homes shortage: Government to reveal plans

Affordable homes shortage: Government to reveal plans

In the foreword to the government's new strategy, David Cameron and his deputy Nick Clegg say the UK is facing a situation where "lenders won't lend, so builders can't build and buyers can't buy".

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The bigger issue is that houses are just too expensive. It needs a switch of taxation from people to property.

[BrilloPad]

Of course this would have another attraction of really really annoying sasguru. Someone who has created nothing - but has been lucky in backing the property market.

We need to encourage entrepreneurs who will create real wealth. This will enable us to fight the Asian threat to our long term wellbeing.

[TimberWolf]

So the answer to house prices being too high is to keep them high with ultra low interest rates and tax payers money. Maggie said you can't buck the market, well we'll see if the spawn of Blair can do it.

[TimberWolf]

A terrible idea from a government that claims to want to deal with debt. Encourage FTBs to go into more debt. If it's true Ministers want lower prices, there is very simple way of getting prices down, and ending the cyclone of debt.

That is to force banks sitting on "distressed" properties to sell them to the highest bidder - and not just hold on to them cos they don't fetch 2006 prices. That will immediately raise supply, and people can buy a first home for affordable debt, and raise a family.

But, no. This government wants the private sector, including individuals to go into more debt. It is in OBR reports. The govt goal of lowering the govt deficit relies on consumer debnt rising from already record levels. This govt is as debt happy as the last. It's just that commentators cannot work this simple fact out.
Mary Ann Sieghart: Lower house prices are just what the country needs - Mary Ann Sieghart - Commentators - The Independent

whs

[DimPrawn]

Taxpayer to take on mortgage risks of first-time buyers - Telegraph


Has Brown actually left office?

Idiotic idea reminiscent of the Fanny Mae approach to sub prime which has proven so successful over the pond.

government.

[minestrone]

House prices have to be kept at least level now. Not Dave's fault. If he gets that done for the next 3 years it will be seen as good management.

[Churchill]

What's so wrong in using tax income today to provide investments for tomorrow?

[BrilloPad]

Has Brown actually left office?

government.

Its a very good point. Nothing to choose between either party these days.

[Jeff Maginty]

..

[DimPrawn]

What's so wrong in using tax income today to provide investments for tomorrow?

Are you serious? This is exactly what Brown and Co said for the last decade, splurging taxpayers money on "investments" all of which turned out to be worth exactly less than fook all!

Propping up house prices that are already totally unaffordable is not an "investment" of tax money, it's propping up a bubble, which will ultimately end up popping and bringing down all that taxpayers "investment" with it.