We're the UK Govt and we're here to ...... help you

Discussion in 'Markets & Economies' started by JulieW, Mar 27, 2013.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    So the UK govt is being very helpful in the hope that the housing market will revive.


    http://www.dailymail.co.uk/money/mo...8/Help-Buy-ladder--prices-rise-does-debt.html
    and
     
  2. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,779
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Sydney
    Government interventions that will end up costing more than they are designed to help.
     
  3. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,619
    Likes Received:
    505
    Trophy Points:
    113
    Location:
    Nevada
    Freddie Mac and Fannie Mae (Mark II)...but with tea, crumpets and affinity for cricket.
     
  4. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    The UK market is going to become just as scewed up as the Ozzie one.

    wouldn't touch it with a ten foot pole1
     
  5. boyracer

    boyracer Member

    Joined:
    Mar 13, 2012
    Messages:
    417
    Likes Received:
    0
    Trophy Points:
    16
  6. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    They were doing this when I left in 2005, on a smaller scale, I think it was just an offer to low income key workers such as those in the Health Service.

    You buy a house, and if you need the Gov to chip in 20% it isn't going to be a great house, that's for sure. You spend the next 10 years sinking your wages into it to make it habitable and then when you go to sell it the Gov takes their 20% back, including 20% of everything you sunk into it.

    It had no takers back then.
     
  7. KMGeneral

    KMGeneral Member

    Joined:
    Apr 13, 2012
    Messages:
    258
    Likes Received:
    1
    Trophy Points:
    16
    Location:
    Sydney
    Yay for sub-prime lending! :D
     
  8. Austacker

    Austacker Active Member

    Joined:
    Feb 26, 2010
    Messages:
    2,830
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    The Wild West
    It should eliminate Mortgage insurance though lol
     
  9. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    lol - you mean there's another country that has mortgage insurance??

    is it portable??

    I seriously doubt any other country would have such a hairbrained system
     
  10. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    2,929
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Perth, Australia
    Guarantees on high-risk loans?

    If there is a strict lending test then why will there be high-risk loans?

    It already was when I was there (mid 2000's) and then crashed and they have been trying to re-levitate it ever since.
     

Share This Page