CCArchive Posted August 16, 2014 Report Share Posted August 16, 2014 When the US government encouraged mortgage companies to lend to low earners naturally a lot of them defaulted, almost leading to the collapse of the banking system. So far so shit. Enter the boy Gideon. His wheeze is to use tax payers money to buy 20% equity in a property while Joe and Josephine Cunt stump up 5% for a deposit. But housing stock isn't growing. Now I'm no economist, but if you increase demand and not supply, do prices not increase? This will mean the 5% the Cunts need to find will be driven up in price. Alright for those in at the start, but what about the buyers who buy their homes at the inevitably inflated price? And what about when Joe and Josephine Cunt start defaulting and we end up with a load of repossessed houses and collapsing house prices? Who might benefit from that I wonder? Could this happen? Well, when the US government encouraged mortgage companies to lend to low earners.... Quote Link to comment Share on other sites More sharing options...
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