Help to Buy Scheme: A Boon for Higher Earners, IFS Finds

A new study shows the Help to Buy scheme helped richer people buy homes more than poorer people. Find out how it changed things and what happens next.

#HelpToBuy, #HousingScheme, #UKHousing, #FirstTimeBuyer, #IFSReport

https://newsletter.tf/help-to-buy-scheme-helped-richer-people-most/

The Help to Buy scheme gave more help to people who already had more money, according to a new study. This is different from what the scheme was meant to do.

#HelpToBuy, #HousingScheme, #UKHousing, #FirstTimeBuyer, #IFSReport
https://newsletter.tf/help-to-buy-scheme-helped-richer-people-most/

Help to Buy Scheme Helped Richer People Most, Study Says

A new study shows the Help to Buy scheme helped richer people buy homes more than poorer people. Find out how it changed things and what happens next.

NewsletterTF
Passage of Help to Buy legislation | Treasury Ministers

The Albanese Labor Government’s legislation to establish a national shared equity scheme Help to Buy has passed the House of Representatives. Help to Buy will bring home ownership back into reach for 40,000 Australian households. This will be life changing for thousands of Australians who have been locked out of the security and stability of home ownership.

https://www.theguardian.com/money/2023/jul/05/help-to-buy-has-trapped-me-in-an-unsellable-cladded-flat Help to Buy is an unregulated financial product with zero oversight , and close to no recourse. Homes England have recently changed the administrator of the loan WITHOUT INFORMING BORROWERS. #housing #housingcrisis #helptobuy #BuildingSafetyCrisis
Help to buy has trapped me in an unsellable cladded flat

My block failed a fire safety inspection after Grenfell, but the scheme won’t allow me to buy a second property

The Guardian

#GeorgeOsborne's #HelptoBuy scheme (now wound down) has not been the success he claims.

as Phillip Inman concludes, its 'real legacy has been to massively inflate the market, swell housebuilders’ profits & leave many buyers in negative equity' as well as underpaying the building of a lot of shoddy #housing.

Who really benefitted? Surprise, surprise, the major construction firms; not the people who Osborne claims did well out if the scheme.

More #tory bullish*t
https://www.theguardian.com/society/2023/mar/31/10-years-on-what-did-george-osbornes-help-to-buy-scheme-really-achieve

10 years on, what did George Osborne’s Help to Buy scheme really achieve?

Osborne says the scheme, which closes Friday, ‘helped hundreds of thousands of families’, but critics argue it was ‘only a gimmick’

The Guardian

Bitcoin uses some #eWaste, that can be #recycled.

Housing #speculators waste entire homes and #land that could be #urbanFarms, demand constant govt support, #helpToBuy schemes, #propertySpruiking seminars to indoctrinate #youth, extreme levels of #immigration and bombing to make #refugees and other #handouts to prop up the #ponzi, wasting needed resources and #energy.

Tell us again where big bad #bitcoin bit you.

#whyBitcoin #housing #housingSpeculation #speculation #realEstate #housingBubble

Bitcoin uses some #eWaste, that can be #recycled.

Housing #speculators waste entire homes, and #land for #urbanFarms, who demand constant govt support, #helpToBuy schemes, #propertySpruiking seminars to indoctrinate youth, extreme levels of #immigration and bombing to make #refugees and other #grants and #handouts to prop up the #ponzi, wasting precious resources and energy.

Tell us again where #bitcoin bit you.

#whyBitcoin #housing #housingSpeculation #speculation #realEstate #housingBubble

@techbolt
<see prev>

...#BrexitParty actually saying on these topics. You may not trust them but that's a different matter. We don't fully trust anyone. We may examine them ourselves.

Agree some will be worse off, but in relative terms those who do actual #productive work should gain over #speculators.

#HelpToBuy must go too, for example.

BJ threatening to bring in #carcinogenic #food from t #USA should mobilise #Britons to reject him fully - he wants #Brexit to fail.

#BuyLocal #fairTrade