27 Jun 2012

Stop the housing Ponzi scheme

"The government's new housing policy will collapse sooner or later like a fraudulent investment strategy"

Yesterday the government unveiled its housing strategy to "get the housing market moving again". The centrepiece was a mortgage indemnity scheme to help first-time buyers to get on the property ladder. But this policy is a disastrous waste of taxpayers' money that will satisfy nobody.

By Ian Mulheirn. New Statesman. 22. November 2011.

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Keep is seemly & on-topic. Thanks.