Help to buy has helped the well-off – and made the housing crisis worse | Vicky Spratt

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

'Help to buy has helped 211,000 people, but the number caught in private rented accommodation has swelled to over 5 million households.'

Conservative politicians have long professed their infallible belief that Britain should be a “property-owning democracy”. From Noel Skelton, who actually came up with the phrase in the 1920s, to Margaret Thatcher, who usually gets the credit, it is their maxim. So in 2010, when David Cameron found himself presiding over a fall in homeownership so severe that it hit a 30-year low and hearing that even the middle classes couldn’t get on the housing ladder, he felt compelled to act.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This was exploited by the middle class who have the educational background to use any situation to their advantage. Education, grants for everything, tax scams, jobs etc they get to pick the low lying fruit. Watch out though automation is coming to get you.

Are all those 5 million counted as 'caught in' private renting? I choose to rent, as I'm sure many others do for various reasons. And I certainly don't expect the taxpayer to pick up my bill.

That was the plan wasn't it? Industrial scale gerrymandering that would have made Shirley Porter blush. Still, the crash is coming and we can all have a good laugh!

But the licence fee is where we need to focus our attention. Not the renters who are slaves to the whims of their landlords, have no rights and pay half of their wages to greedy c****.

Another UKLabour mess Cons are fixing....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Help to Buy has pushed up house prices and helped rich get on the housing ladderTHE Government’s Help to Buy equity loan has pushed up house prices and helped rich buyers purchase more expensive homes. The scheme is supposed to help first-time buyers on the property ladd…
Source: TheSun - 🏆 64. / 61 Read more »

Help to Buy handed billions to households that could already afford a home, watchdog findsAlmost two thirds of the 211,000 buyers who have used the scheme had enough money to buy a property without it, says National Audit Office The developers are singing “ we’re in the money”.
Source: The Independent - 🏆 80. / 59 Read more »