Comment on: Cost of homeownership up 70% in a decade
interesting comment MWA but ignoring one aspect of the problem that only house building and supply can help: profiteering from people lives - a persons house is their home and their start in life and the lives of their children, not only have people had to pay ever increasing percentages of their income to secure a home (increasingly an insecure home in the PRS) that we have devised a way to profit from those who cant afford to buy outright and still dangle that home ownserhip trophy in front of their eyes!
get real, the economy in this country and the fat cats that run it are buoyed up by the unrealisticly extortiante price of land and homes which are politically and economically geared up to get even worse behind the guise of 'schemes' like home buy and shared ownership..
bring on land release and co-operative self build schemes.. the only true option for anyone with any sense (and possibly upgraded to a calculator)
oh and did i mention that poverty is now going to increase (especially for children) and homeless rate is skyrocketing?
Usual tory spin, we have known about the fiscal suicide involved in creating house price bubbles through ramping up RTB, deregulation and empasising personal debt to pay for ever increasing house price rises and ensuring that supply DOES NOT MEET demand - this as an obvious economic vie to increase the wealth of those who already have wealth - come on.. its the conservatives, why does evryone keep pretending that they are interested in the needs of the majority or even the minority.. and woe betide those in actual NEED? Look at the list:
>Inrease RTB discount (reduce housing option availabity)
>Lowered application time for RTB (same)
>Decreased grants and funds to RSL/Social Housing (same)
>Increased subsidy to new home owners
> Increase risk to mortgage debts (against banks and advisory to the government and arguably increasing the jhousing bubble)
>Increased non taxable income rate (give to wealthy as much as needy)
>Benefits capped at 1% wehn inflation is 2% (effectively making the poor poorer directly
>Child care costs favouring two working parents (up toHUGE incomes and most funding going to those better off already)
>1 billion injection to PRIVATE rented market builds!! (DOH!)
>Austerity measures on house building, contruction and public services and sectors
> Under occupancy (Bedroom tax) (making poor pay for accidentally having spare rooms) - another underclass
> Council Tax Benefit reform (now even those on benefits pay some council tax!! and under the what the law says that need to live on)
The effect? Housing Benefit will increase, poor will be poorer, house prices will rise, rich will be richer.. All hidden behind 'Austerity' and 'Demonisation of Poor' and we all already know (any economist will tell you) that Austerity does not help economies to recover you need to SPECULATE TO ACCUMULATE.. even SouthPark said that in a kids TV episode!
Why? The government, the same as they did in the 80s/90s/00s stil think that higher house prices keep the economy going.. They dont really think that though do they? They OWN THE HOUSES!
Joke's on you ;)
Comment on: Welfare reforms fail to reduce cost of renting
even banks and building societies are asking the government to do something about the rising rents and the "RENT TRAP" so it's not just charities like shelter saying this...
John Pollock I disagree, at the same time that RTB was being ramped up social housing builds were being restricted. Do you think the RTb receipts went to building new social rented accomodation? No, far from it. The report is more then justified in it's comments.
The new RTB policy to replace one for one may balance this from now however I doubt it. It would be difficult to ensure the revenues effectively cover the cost of a) the discounts on property sold that come directly out of the tax payers assets and b) that the new builds will ensure benefit uptake is reduced and that private rents come down.
Sadly with any conservative government it allows 'free' market policies to slowly errode any chance that the government and in time the tax payer has any control over the finances and other burdens it has to carry.
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