03-09-2014, 10:03 AM
Boost for debt: Britain’s Help to Buy subsidy scheme for first-time home buyers “looks like a political master stroke†as voters like it, but is “a public policy disgrace†says CLSA’s commentator Christopher Wood.
For the first time it puts UK taxpayers “on the hook for mortgage debt a mere five years after the collapse of Fannie Mae and Freddie Mac in America should have made crystal clear the dangers of such an approach.â€
copyright: Martin Spring of OnTarget
For the first time it puts UK taxpayers “on the hook for mortgage debt a mere five years after the collapse of Fannie Mae and Freddie Mac in America should have made crystal clear the dangers of such an approach.â€
copyright: Martin Spring of OnTarget