It doesn’t help if they still need the 10% deposit + it’ll just drive up prices as it’s more competition for the same number of houses
Would be nice if they could offer 4.5x for single buyers also who are on <100k salary
This is a terrible idea. Giving people more money is not going to increase supply. It will increase demand and raise house prices further. It will also put people in greater debt.
Adding more money into the equation is adding fuel to the flame and benefits nobody but developers.
. Every new thing the current lot have done the last 6 years has just increased house prices and made it harder for people to get their first home.
I would bet this will do the same.
Just build fucking houses and apartments people can buy and tax property horders till their ears bleed. It’s a supply issue. Not a demand issue.
Oh yay, more debt. Just what they need!
What they need to do is allow for more foreclosures for non payment of mortgage payments. And allow for non recourse mortgage loans.
Then they can raise the borrowing limits for everyone, and we can get lower interest rates similar to mainland Europe.
7 comments
Hmmm… Pump it
It doesn’t help if they still need the 10% deposit + it’ll just drive up prices as it’s more competition for the same number of houses
Would be nice if they could offer 4.5x for single buyers also who are on <100k salary
This is a terrible idea. Giving people more money is not going to increase supply. It will increase demand and raise house prices further. It will also put people in greater debt.
Adding more money into the equation is adding fuel to the flame and benefits nobody but developers.
. Every new thing the current lot have done the last 6 years has just increased house prices and made it harder for people to get their first home.
I would bet this will do the same.
Just build fucking houses and apartments people can buy and tax property horders till their ears bleed. It’s a supply issue. Not a demand issue.
Oh yay, more debt. Just what they need!
What they need to do is allow for more foreclosures for non payment of mortgage payments. And allow for non recourse mortgage loans.
Then they can raise the borrowing limits for everyone, and we can get lower interest rates similar to mainland Europe.