This is from the government website-

Help to Buy
The Chancellor announced a £5.4 billion package of financial support to tackle long-term problems in the housing market at Budget, including the launch of Help to Buy - which offers two schemes aimed at helping those who want to get on, or move up, the housing ladder. This FAQ answers some of your questions about the scheme.

www.hm-treasury.gov.uk/10012.htm

Are the government using tax payers money to manipulate house prices by pumping in all this money into the housing market?

This is something the tory's have always said they were against,Thatcher (milk snatcher) always promoted deregulation and free market to the public (LOL) and chanted the mantra of self help and no subsidies.

There a complete bunch of cunts and deserve to be held to account for their constant lying and manipulation of free markets (LOL).

In a free market the government would just let the prices drop naturally and not falsely keep them high with tax payers money,cunts.

Thatcher sold off council houses at manipulated low prices and indeed they meddled even back then so this is more of the same I suppose.

It goes against everything they have promoted to the public.

That money could go to better uses.

They still need a 5% deposit by the looks

I wonder how many people will use loan sharks/credit cards to get the 5%

andyh wrote:
Keeps their scummy system ticking over.

House prices will drop at some point they can't hold back the sea.



Edit.
On second thoughts though,the government is currently killing people off by taking away their sickness benefits,job seekers allowance because they don't agree with subsidies (LOL).

They would probably be willing to kill off 3/4 of the population just to keep house price unnaturally high.

Eventually they'll drop aye.

They need to get to around 50k or less for the average working class joe to manage it.
A single guy might manage to save up 2500 as 5% deposit.

Married with kids and single earner will struggle to manage even that IMHO.

The way the gov sees it I suppose is that the economy has to pick up again and that means they have to have this silly housing bubble again.

The vast majority of brits can only afford a council house rent, its as simple as that and they need to stick to it and keep their heads screwed on right.

Development land is stupidly overpriced, its this which sets a base price on the housing thats built afterwards with planning permission, legal costs, then the bricks and labour costs.

Normally the psycho's in charge have a nice big war to sort their money problems they create but that doesn't look viable to me,not in Europe anyway.

yup the government are using tax payers money to encourage people to get into yet more debt in an attempt to get the housing market going again.

Instead of attempting to address the problem of millions being priced out of the housing market due to ridiculous prices in the capital and those priced out of their locality by second home owners.

and nothing to ensure that the housing lost via right to buy is replaced.

All furthering the divide between rich and poor.

Is there another country where house prices are being falsely manipulated by the government?

Ireland have dropped haven't they?

What about USA?

That there London $280,000 around £184,000.

humanspirit wrote:
Dunno about the USA but in Ireland they haven't bothered to do anything except actually speed up repossessions (despite telling the public that all measures would be taken to prevent that).

I still dunno yet if the banks pay taxes on houses the repo.

humanspirit wrote: Yes. I wrote about this extensively in my book, but it's the only way for the British government to keep some pretense of prosperity going. Virtually the entire last decade of 'prosperity' at the level of the general public was built on inflated house prices and equity release schemes. Selling off council houses was part of this bubble, as was BTL. It's a good thing that house prices declined circa 20% as this was a small correction from their vastly inflated level, although a 50% reduction would have been better. This would have trapped millions in negative equity, unfortunately, but it would at least have moved the market in a slightly more sustainable direction.

At this point in time, I really don't see how a new bubble in housing can be created when there are no jobs and prospects for young people, and when few can afford to get on the bottom rung of the so-called ladder. I'm sure everything will be done to manipulate the market in order to satisfy the whims of Daily Telegraph and Mail readers, but I really can't see any way that the figures can be manipulated upwards for a sustained period.

Things are going to be so bad for the generation growing up now, who have absolutely no chance of ever buying a house unless they inherit one, the value of labour is going down the toilet, and meanwhile their hopes of every retiring are going to be basically zero. Those that do own a house will have to sell it in most cases to afford care in the old age, indeed this is already happening. It's a mathematical certainty that things are going to get very, very bad indeed.

@ andy - am just about to research and write a training course on 'orders charging land' and orders for sale in Ni - as that is one of the most prevalent issues people are seeking help with in ni atm - shall see what i can also find in regards banks and repossessed houses.

whats orders charging land and orders for sale?

humanspirit wrote:
Yeah, I wondered that too.

Its basically a civil court action that deems that all profits from sale of the land have to first go towards payment of a certain debtor.

So its about securing property against debt which might have initially been unsecured
Seem unfair? Ya, this is the world we live in lol.

they are the court mandated processes whereby banks attach non secured debts to property and take possession of property. The rules differ between ni and england/wales. I don't know a whole lot just yet about those differences hence the need to research.

That sounds like it should be illegal! In every country.

Gilly wrote:
The banks pay for the legal system, it is after all merely about enforcing contractual law.

I always thought civil courts were toothless but I havnt had any dealings with them,or criminal for that matter.

Everything in life is about a struggle for money. This is what it boils down to IMHO, it has prime importance over everything yet an elite club can print as much as they like of it in digital figures and fuck with everyones lives.

Soon we will have to take the chip and we won't be able to trade without the mark.