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Graham Jones · 22-05-2005, 09:58

Just read that Gordon Brown is to financially help first time buyers afford housing through a new scheme. I am really sceptical about this. Its like the 50 year mortgage solution, injecting more money causes house prices to rise further. Having a massive new build programme will help increase supply and lower demand and that will work but where this govt has got it wrong is in its obsession with private ownership which means free market prices determined by the market.

I think they should be looking at part rent part buy, affordable housing owned by Housing Associations or Councils [ie their motive is cheap supply and not maximum profit] which offers first time households a choice of a low rent against a high mortgage. Enough choice will force the private sector to pitch its prices a bit lower and more realistic.

22-05-2005, 09:58	#80
Graham Jones I am Banned Join Date: Apr 2004 Posts: 279 Liked: 0 times Rep Power: 0	Re: East Accrington/phoenix projects... Just read that Gordon Brown is to financially help first time buyers afford housing through a new scheme. I am really sceptical about this. Its like the 50 year mortgage solution, injecting more money causes house prices to rise further. Having a massive new build programme will help increase supply and lower demand and that will work but where this govt has got it wrong is in its obsession with private ownership which means free market prices determined by the market. I think they should be looking at part rent part buy, affordable housing owned by Housing Associations or Councils [ie their motive is cheap supply and not maximum profit] which offers first time households a choice of a low rent against a high mortgage. Enough choice will force the private sector to pitch its prices a bit lower and more realistic.