Religion and Ethics Forum

General Category => Politics & Current Affairs => Topic started by: Nearly Sane on February 27, 2021, 08:54:23 AM

Title: Mortgage guarantee to help buyers with 5% deposit
Post by: Nearly Sane on February 27, 2021, 08:54:23 AM

So the way to deal with inflation in the housing market, in part caused by inflationary measures that you introduced,  is an inflationary measure.


https://www.bbc.co.uk/news/uk-56218952

Title: Re: Mortgage guarantee to help buyers with 5% deposit
Post by: Aruntraveller on February 27, 2021, 09:28:32 AM

Yep. They are relying on the housing market to keep the economy partially afloat.

It won't be fun and it won't be pretty when that huge bubble they have created goes pop.

Title: Re: Mortgage guarantee to help buyers with 5% deposit
Post by: Roses on February 27, 2021, 10:31:11 AM

Houses around here are selling like hot cakes, many of them are sold within days of being put on the market. Our next door neighbour's house was put on the market on Tuesday of last week and sold subject to contract by the end of the week.

Title: Re: Mortgage guarantee to help buyers with 5% deposit
Post by: Nearly Sane on February 27, 2021, 10:48:54 AM

Quote from: Littleroses on February 27, 2021, 10:31:11 AM

Houses around here are selling like hot cakes, many of them are sold within days of being put on the market. Our next door neighbour's house was put on the market on Tuesday of last week and sold subject to contract by the end of the week.

Given the stamp duty holiday that is both not surprising and illustrative of the problem. While the holiday may well be extended until it is there will be an increasing frenzy.