Who buys it?Posted: October 8, 2013 Filed under: Help to Buy, Housing market, Mortgages Leave a comment
It’s under attack from all sides but the strongest arguments for Help to Buy 2 are the ones that ministers cannot mention.
No matter how much David Cameron, George Osborne and the new junior housing minister go on about aspiration and opportunity, the critics refuse to go away. In just the latest example, the all-party Treasury select committeescorns government assurances to repeat its earlier warning that the controversial scheme will boost house prices and be politically impossible for future administrations to exit.
Here’s my analysis of the stated – and unstated – arguments made by ministers:
Read the rest of this post on Inside Edge, my blog for Inside Housing