Heard it on the news today that in order to help 1st time buyers get on the property ladder, the government and the banks are to hep out with the purchase price. No disrespect to a 1st time buyer but where the **** is all this money going to come from.

http://news.bbc.co.uk/1/hi/talking_point/4570619.stm

 

In Theory it could mean I could actually get a house.

But I'm not holding my breath

 

Isnt this a bit like housing Assosiations were doing about 20 years ago.

And why dont Labour build council houses then after years of slating the Tories for allowing people to buy their council house.


Chip

 

More interested in making political capital than making a difference.....

 

Cash will come from the tax payer!

As I see it, it's just going to to fuel the housing market further and prices will keep spirralling out of control.

If first time buyers can't afford a house on a decent salary now, there is something seriously wrong with the market, I know it may not sound nice for current home owners but the market really needs to go through some sort of 'adjustment' to bring prices down to a more affordable level.

 

Exactly.
All it will do is further push up house prices.Secondly i'm saving up for a house through hard work and saving every last penny.It now seems through the tax system i'm gonna have to help out other people as well.

There's a guy at work moaning about how long its taking him to save a deposit..................well STOP BUYING FHM AND LOADED EVERY TIME you go to the shop to get some overpriced junk for dinner and bring cheap spaghetti like i do.

Some people just want it handed on a plate.