Beeny's back

[Doctor Drivel]

They still need to live somewhere.

[Derek Geldard]

As it stands anything that "they" could do to have an immediate effect could (and probably would) also destabilise our already chaotic economy.

DG

[Derek Geldard]

And what will people who have just bought a £300k house on a 110% mortgage do?

Sell up for £200k and end up owing £100k?

Then what will people with deposits in building socs do when it becomes clear the building socs have a lot of bad debt in their portfolios?

DG

[Andy Hall]

I refer you back to the earlier point. "it is the largest asset that most people have".

With owner occupation at around 70% of households, there is not going to be popular support for any move that would devalue said largest asset. If the issue is creation of affordable housing, it is that issue that should be addressed without screwing up the entire property market.

[Derek Geldard]

Ooops

Looks like I got my sums wrong there, lets say owing £100k ++

DG

[The Natural Philosopher]

..is surely a more interesting area of discussion?

[Andy Hall]

.. for an inside page in Farmer's Weekly. To suggest otherwise would be udder nonsense.

[Owain]

Do you not find her a-tractor-ive and a-moo-sing?

Owain

[Dave Gordon]

I would. We all would, lets face it.

[Stuart Noble]

I guess this is one area where you're in favour of government interference in the free market

[Clint Sharp]

In message , Maria writes

considering one. About to start on special at Makro for 39.99+VAT and in Costco but not sure of the price.

[nog]

------------------8><

can be undrinkable.

[Andy Hall]

I think that we need to plough on to avoid a harrowing experience.

[Andy Hall]

Kind of the reverse. Let them meddle in a small way where it doesn't really matter to the majority of the electorate while at the same time they can feel good that they did something.

That's really the territory of shared equity, housing associations and so on. Focus on fixing the problem in a targeted way without screwing up the market.

Now whether they will be able to manage that is something else.

[Doctor Drivel]

It can be phased in. The point is that we are short of houses are houses are extortionate in price, so much so many will not able to afford one ever. We should not gear laws so people can make money on property. It is tantamount to gearing laws so all stock holders never lose.

[Doctor Drivel]

The point is that we are short of houses are houses are extortionate in price, so much so many will not able to afford one ever. We should not gear laws so people can make money on property. It is tantamount to gearing laws so all stock holders never lose. Ludicrous.

[Doctor Drivel]

Yep. Little Middle Englanders are mixed up.

[Doctor Drivel]

They shouldn't meddle at all, and currently governments meddle too much in housing. A rigged market.

See: Unaffordable Housing

Bigger Better Faster More

Homes, Greener Cities

You fix it by allowing free access to build on land and the free market takes over. Not by rigging a market to ensure Little Middle England makes money.

[Doctor Drivel]

You phase it in. The UK economy over the past 10 years has been, and still is, the strongest and most robust in the world. Have you been on Mars for the past 10 years? I think you have.

[Andy Hall]

Maybe. Maybe not. However, that's how the cards are stacked.

A much more reasonable proposition, because it would actually be a benefit, would be to shut down and dismantle the NHS. A much better job could be achieved without the government being the middle man.

However, I am resigned to that not happening because a majority of the electorate seem to think that it;s a good idea to have a state run health service. They're wrong, but I have to abide by it.

In that context, there is about as much chance of changes in the law affecting everybody just to accommodate entry level buyers as there is a pork pie at a Bar Mitzvah