Mmastodon BusinessReal Estate first seen 7 h ago, last 56 min ago, peak #7
Andy Burnham Seeks to Revive Help-to-Buy Scheme
Original: Despite the housing crisis being in a large part caused by the high price of housing (stoked by the lax availability of
Andy Burnham is looking to revive the Help-to-Buy scheme for first-time buyers in the UK. Critics argue this repeats past mistakes, since generous credit for buyers pushed up house prices rather than improving affordability. The housing crisis is widely attributed to high prices driven partly by loose credit availability, so demand-side subsidies are seen as a short-term fix rather than a solution.
Why now: Debate over UK housing policy as officials propose reviving a subsidy scheme many blame for inflating prices
Andy BurnhamHelp to BuyUnited Kingdom
Rank over time, top of the chart is #1. 6 snapshots from 7 h ago to 56 min ago.
Evidence
- Despite the housing crisis being in a large part caused by the high price of housing (stoked by the lax availability of credit, pushing up prices), Andy Burnham is now looking to revive the 'Help-to-Buy' scheme for first-time buyers. Once again a short term solution to a… · ChrisMayLA6@mastodon.me.uk · 41
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