What happen when a country debt is high?

[Arcachon]

Help to Buy sparks supply and demand fears
Oct 11, 2013 : The UK government's Help to Buy scheme means buyers can put down a deposit of 5% on a property worth up to £600k and apply for a government-backed mortgage. Will the scheme aid the UK recovery without causing a housing bubble? Daniel Garrahan reports.

http://video.ft.com/2737532017001/Help-to-Buy-sparks-supply-and-demand-fears/world

[kane]

how nice 5% down and and go as high as GBP600k. 600k can get quite a decent sized property.

[Arcachon]

In June 2006, Singapore also 5% DPS, don't need to apply loan, defer Stamp duty, pay only upon TOP. CM0

I blur blur pay 20%, apply UOB loan.

[princess_morbucks]

LOL...I started a thread last month on it :

http://forums.condosingapore.com/showthread.php?t=18905

I post it here again.

http://www.todayonline.com/world/eur...-property-boom (http://www.todayonline.com/world/europe/uk-worried-housing-scheme-could-trigger-property-boom)

LONDON — Chancellor George Osborne has asked the Bank of England to play a bigger role in ensuring that his controversial “Help to Buy” housing programme does not cause a new property boom.

The BoE’s Financial Policy Committee (FPC) will make annual assessments of the plan, starting next September, the Treasury and the central bank said on yesterday (Sept 26).

The committee had been due to advise on the suitability of extending Help to Buy only after its first three years of operation.

The FPC will also advise whether a price cap for properties covered by the programme and fees charged to lenders are appropriate.

Help to Buy was originally launched to help buyers of new properties and a second, potentially much bigger phase is due to begin next January. It will assist buyers who might otherwise be unable to afford a down payment on a home. Up to £12 billion (S$24.1 billion) of government guarantees could spur as much as £130 billion of new mortgages.

Since the second stage of the plan was announced in March, Britain’s housing market has shown signs of recovery, especially in London, where prices have jumped by about 10 per cent from last year ago.

Critics of the scheme have said it risks fuelling an unsustainable rise in house prices. Britain’s Business Minister Vince Cable has expressed his concerns about the programme.

Properties worth up to £600,000 would be eligible for the Help to Buy as announced in March. Some critics have said that lowering the ceiling would help lessen the programme’s impact on properties in London where prices are highest.

Earlier this week, the FPC said it would be vigilant about risks from coming from the housing sector but said it saw no danger signs for the time being. REUTERS
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[blackjack21trader]

The England people are very smart. They are modelling after our HDB subsidise policy.

[Arcachon]

UK worried housing scheme could trigger property boom

What happen when a country debt is high?

Which Title interest you?

http://www.businessballs.com/stories.htm#the-bishop-priest-ladle-story

the blind man and the advertising story

An old blind man was sitting on a busy street corner in the rush-hour begging for money. On a cardboard sign, next to an empty tin cup, he had written: 'Blind - Please help'.

No-one was giving him any money.

A young advertising writer walked past and saw the blind man with his sign and empty cup, and also saw the many people passing by completely unmoved, let alone stopping to give money.

The advertising writer took a thick marker-pen from her pocket, turned the cardboard sheet back-to-front, and re-wrote the sign, then went on her way.

Immediately, people began putting money into the tin cup.

After a while, when the cup was overflowing, the blind man asked a stranger to tell him what the sign now said.

"It says," said the stranger, " 'It's a beautiful day. You can see it. I cannot.' "

[princess_morbucks]

The England people are very smart. They are modelling after our HDB subsidise policy.

Yes, I agree with bro bj.

Btw.....I I find that some men in this forum like to split hairs.

[Arcachon]

http://idioms.thefreedictionary.com/split+hairs

The power of google........

http://cultureslurp.com/wp-content/uploads/2011/09/Facebook-Like-Button.jpg