George Osborne, in the budget, announced the 'Help To Buy' ISA which comes on top of other 'Help' policies for people wanting to buy homes. This is my conundrum- why does George keep pushing up the demand side for housing when it is well known that a huge uplift in demand side housing leads to a housing bubble that will eventually burst?
There is a huge gap in the supply side of housing, especially affordable housing, but the concentration is on private ownership. Is this a way of keeping Thatcher's neoliberal agenda alive whereby private ownership of property is seen as a way of buying votes, sorry I mean a cornerstone of their neoliberalism ideology? At conference last weekend I spoke about the shortage of affordable housing for young people and after today's announcement I wonder if this is a bubble dream that will be deflated not before long?
http://www.independent.co.uk/news/uk/politics/budget-2015--housing-help-to-buy-isa-threatens-further-house-price-rises-10118037.html
There is a huge gap in the supply side of housing, especially affordable housing, but the concentration is on private ownership. Is this a way of keeping Thatcher's neoliberal agenda alive whereby private ownership of property is seen as a way of buying votes, sorry I mean a cornerstone of their neoliberalism ideology? At conference last weekend I spoke about the shortage of affordable housing for young people and after today's announcement I wonder if this is a bubble dream that will be deflated not before long?
http://www.independent.co.uk/news/uk/politics/budget-2015--housing-help-to-buy-isa-threatens-further-house-price-rises-10118037.html
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