Demand subsidy targeted at a particular favoured group. Asset prices go up which favours asset holders, and that particular group does well, and the pain is otherwise widely distributed.
The only way to tackle housing affordability is building more houses than are needed for population growth and then some other measures to make sure those houses aren’t left empty.
FlaviousTiberius on
Help to buy was basically just the government subsidising people profiting from housing prices and pushing them even higher. Not surprising considering it was implemented by a party full of landlords.
2 commenti
Demand subsidy targeted at a particular favoured group. Asset prices go up which favours asset holders, and that particular group does well, and the pain is otherwise widely distributed.
The only way to tackle housing affordability is building more houses than are needed for population growth and then some other measures to make sure those houses aren’t left empty.
Help to buy was basically just the government subsidising people profiting from housing prices and pushing them even higher. Not surprising considering it was implemented by a party full of landlords.