Mmastodon BusinessReal Estate first seen 16 h ago, last 8 min ago, peak #7
Andy Burnham seeks to revive Help-to-Buy for first-time buyers
Original: Despite the housing crisis being in a large part caused by the high price of housing (stoked by the lax availability of
Greater Manchester mayor Andy Burnham is reportedly looking to revive the Help-to-Buy scheme for first-time buyers. Critics argue the move is misguided, since easy credit under the original scheme helped push house prices up, worsening the affordability crisis it was meant to ease. Commenters call it a short-term fix that risks inflating prices further rather than addressing the underlying shortage of affordable homes.
Why now: Burnham's proposal revives a policy many blame for fuelling the very housing crisis it aims to fix, sparking debate.
Andy BurnhamHelp-to-BuyGreater ManchesterUK housing market
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 8 min ago.
Evidence
- Despite the housing crisis being in a large part caused by the high price of housing (stoked by the lax availability of credit, pushing up prices), Andy Burnham is now looking to revive the 'Help-to-Buy' scheme for first-time buyers. Once again a short term solution to a… · ChrisMayLA6@mastodon.me.uk · 41
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