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The government (with Right to Buy, Help to Buy, Help to Buy ISAs etc) is subsidising house purchases, but only for first-time buyers. So it is skewing the mark
by cbeach 11y ago
The government (with Right to Buy, Help to Buy, Help to Buy ISAs etc) is subsidising house purchases, but only for first-time buyers.
So it is skewing the market in their favour as opposed to landlords and speculators.
That's a good thing in my opinion.
- tomp 11y agoNot really, as I wrote above, it's using my money to pay for other people's homes. It's also increasing the demand for housing, which in turn pushes the prices higher, encouraging speculators and helping them.
- cbeach 11y agoIt is helping existing speculators, indirectly, but it's altering the balance of who's in the market.
- thesimon 11y agoWell, it's also using your money to pay for roads you don't use. That's like the concept of taxes. But it also allows "normal" people to buy houses apposed to just rich foreign people.
- tomp 11y agoThe roads are for everyone to use. The houses aren't.