Warrington's Housing Market

[McBain]

Ob - looks as though the purchasing of empty properties in the current climate is a very sensible way to go. Much prefer this approach than us subsidising idiots who over-extended themselves by buying a BMW X5 off the back of the mortgage.

[observer]

That's my point McB: buy up empty properties and subsidise rents by all means; but subsidising folk intent on purchasing their property when it is clearly beyond their means is another matter.

[Dizzy]

Whoopee So much for the 'stamp duty' sweetner to sort out the ever falling housing market eh

 

OK so no stamp duty on houses/appartments (or flats as they used to be called) upto ?175k now which is a start and will help those trying to get on the housing market.... but the stagnation in the market is across the board

 

When will the dim witts realise that

 

Just done a quick search on the number of local properties priced at less than ?175k round here (although some are already sold) and here's the results

 

Latchford (houses/appartments) - 15

Stockton Heath (houses/appartments) - 17

Grappenhall (houses/appartments) - 26

Appleton (houses/appartments) 32

[byrdy]

If you edit out over 55 year old retirement places,the results would be quite different.(i.e. Oulton court)

[Paul Kennedy]

Notice the LibDems in Liverpool have taken my advice and are buying up empty properties to rent out - much more rational.

 

Don't want to be pedantic Observer, but it is Liverpool's Council Taxpayers who are in effect buying up the properties, remember politicians only spend other's money.

 

And actually I agree with you, it is a good thing...provided they get a good deal and not overpay and fund it with sound money.

[Paul Kennedy]

Ob - looks as though the purchasing of empty properties in the current climate is a very sensible way to go. Much prefer this approach than us subsidising idiots who over-extended themselves by buying a BMW X5 off the back of the mortgage.

 

....or second homes in Spain/Bulgaria etc.

[observer]

Paul, of course it's OUR money in the end, whether locally or nationally generated; my point was, that whilst I've no problem with it being used to ensure that our fellow citizens have the dignity of a roof over their heads, by buying to let, Council's retain control of the properties. Unfortunately, interest free loans to folk who can't really afford their mortgage in the first place and will ulitimately OWN said properties, isn't a wise use of public funds.

[McBain]

Hurray! Gordon Brown has announced another useless raft of measures that will do nothing for the housing market but will increase the tax burden on us all Did you see Alistair Darling's face contort when he was asked how the Government expects to pay for these initiatives You just know that he's been told to toe the party line on this irrespective of costs or administration

[Paul Kennedy]

Think you will find it is part of Labour's scorched earth policy....leaving loads of debts for the next Government to sort out.

 

Observer you are right.

[observer]

They can "announce" all the gimmicks they like to steal a headline; then next minute forget about it - just like the proposed allowance to the poorest in society to ease fuel poverty.