Quote:
Originally Posted by Taf
Wasn't the root cause of all the world's financial problems caused by giving loans to people who couldn't afford to keep up the payments?
The way things are now, I'd hate to get into a financial arrangement of any sort that relied 100% on my job and income still being there tomorrow.
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absolute spot on.
Rob the original right to buy did cause housing boom. Not imediately but further down the line houses went throught the roof. Economist wrote last year the dangers of the policy.
http://www.economicvoice.com/cameron...ubble/50025884
another shows history of rental to ownership how it right to buy caised the housing boom.
http://www.bbc.co.uk/news/uk-14380936
There is some very good articles doted around about housing issue.
To articles here below one about the rental issue on private rental boom.
http://www.insidehousing.co.uk/home/...n/6520212.blog
This below supporting the policy why it has to work.
http://www.guardian.co.uk/commentisf...win-win-policy
Then this about general housing interesting read.
http://www.thisismoney.co.uk/money/m...edictions.html
another good article about why council housing failing
http://www.ukhousingpolicy.com/
Now the way I see it they trying to get 100% home ownership but cant ever see how people in certain situations can ever own a home. The other surely Rental is a right of choice. One these articles talks about getting those who can afford a home out rental market.
Dangerous road coalition treading fear what wll happen 15 years time. Money market predict 15% increase can the country cope with that.