Wednesday, March 24, 2004

Bring on the crash!

The government is going to lend teachers up to 100,000 to buy houses. Well, thanks very much Labour.

Some questions:
- by doing this you, the government, are giving people with houses £100,000 and putting teachers £100,000 in debt. How does that equalise our society?
- What does this do to slow down the overpriced housing market, which has frozen young first time buyers out of the market? Except, now, teachers and presumably the other key workers that you choose to give big debts to.
- *If* the housing market crashes, because of the lack of first-time-non-key-worker-buyers, leaving these teachers with large debts in negative equity, will you bail them out?
- How many actual houses could you build with 100,000, which you could then ‘lend’ to teachers? More than one house?

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