New Labour desparate to re-inflate housing bubble before election time

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uky kozak replied

28 July 2009, 13:25
Is this not all to do with the report regarding the housing shortage crisis for the UK...

http://www.jrf.org.uk/media-centre/s...housing-crisis
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KentPhilip replied

27 July 2009, 20:56
Originally posted by alreadypacked View Post

It will not re-inflate the housing bubble, it will stop some builders from going bust. They want to help builders to complete existing projects, so they can sell them to investers like AVIA. Keep builders in work. I don't think it will have much effect on house prices. Just stop some things from getting worse, accept the national debit of course.

except

(sorry - vocabulary police here)
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BrilloPad replied

27 July 2009, 18:49
Originally posted by expat View Post

How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?

Its a good point : but Labour are using state money to keep industry going. It can only end in tears.
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Cyberman replied

27 July 2009, 14:06
It's a shame that they brought in HIPS then wasn't it !! You won't get that under the Tories as they are abolishing this stealth tax.
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alreadypacked replied

27 July 2009, 13:16
Originally posted by expat View Post

How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?

It will not re-inflate the housing bubble, it will stop some builders from going bust. They want to help builders to complete existing projects, so they can sell them to investers like AVIA. Keep builders in work. I don't think it will have much effect on house prices. Just stop some things from getting worse, accept the national debit of course.
Leave a comment:
DimPrawn replied

27 July 2009, 12:14
Originally posted by expat View Post

How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?

Good point.
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expat replied

27 July 2009, 12:11
New Labour desparate to re-inflate housing bubble before election time

Originally posted by DimPrawn View Post

http://news.bbc.co.uk/1/hi/business/8170214.stm

Good to see my taxes going on pushing up housing developer profits.

I know they are "loans" but at what interest rate to the developers?

How does this re-inflate the housing bubble? Surely if you persuade developers to build more houses than the market wants, you will depress the market, not inflate it?
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Menelaus replied

27 July 2009, 12:00
Originally posted by DimPrawn View Post

http://news.bbc.co.uk/1/hi/business/8170214.stm

Good to see my taxes going on pushing up housing developer profits.

I know they are "loans" but at what interest rate to the developers?

£925m? FFS.

"But he insisted the funds were not a "handout" for developers who would have to repay loans within five years."

Expect a lot of liquidations in building companies in four years, eleven months then.
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DimPrawn started a topic New Labour desparate to re-inflate housing bubble before election time

27 July 2009, 11:48
New Labour desparate to re-inflate housing bubble before election time

http://news.bbc.co.uk/1/hi/business/8170214.stm

Good to see my taxes going on pushing up housing developer profits.

I know they are "loans" but at what interest rate to the developers?

Last edited by DimPrawn; 27 July 2009, 12:14.
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