Help to Buy scheme may be fuelling house price inflation, report finds

21 comments

1. Well if it isn’t the predicted and warned about consequence of my own policy.

2. It was designed to fuel house price inflation while trying to buy the votes of those few people who would otherwise struggle to buy without it.

3. No shit.

   “Let’s increase it” – Government

4. It helped 2/3rds of people though so that’s something.

5. No it’s actually enabling people to still buy houses. It’s literally the only thing bridging the gap because of the increased costs of building. The proof is there. Build your own house and see how much it costs.

6. I for one am shocked.

7. Hardly needed Sherlock Holmes for that one.

8. Obviously. Ffs.

   Laughable that they increased it during the July stimulus two years ago during covid aswell. They never explained that one.

9. Not only did it fuel house price raises a third of people who got it didn’t even need it.

   “It calculated that 33% of recipients already had the 10% deposit needed for a home by examining the loan-to-value ratio on mortgages.”

10. Can’t undo it now, the prices won’t go back down

11. I think this was pointed out by anyone with a brain at the time.

12. [Ehhh yeah…](https://www.reactiongifs.com/wp-content/uploads/2013/06/nicholas-cage-you-dont-say.gif)

13. “May be”

14. Jesus fucking christ, read the report, there was record inflation and a pandemic, they said there was barely any increase in house prices related to HTB. 2/3 of people who bought couldn’t afford the deposit otherwise that is true but inflation is happening more because of the shortage of supply and labour. Sure it could be controlled better but there are thousands of people who were able to get a house because of this scheme. Speculators and NIMBYism are a way bigger problem than HTB.

15. Greatest Ponzi scheme in modern history.

16. If ever there was a use for the surprised fucking Pikachu face meme, this is it.

17. This has been a known fact for years. That’s the purpose of it.

18. It is possible it is fueling price and encouraging more construction though.

19. This government and crucially also the next one dont want to fix the housing problem. Because it will involve upsetting the existing home owning population who they need for votes.

20. “may be?”
    Of course it does.
    Every single time the gov introduce one of these schemes it drives it up.
    Has done for the last 20 years.

    More profit for their friends.

21. Well it surely increases demand so yes