The guy is an idiot. There should be no help to buy period. Just inflates the market even further and just shuffles who gets to jump slightly more forward or backward in the line towards home ownership, but does nothing to deal with the line itself. Only policies that increase housing supply in areas people want to live will work. The rest is all bull****. Most terrible idea is taxpayers paying to cover $15-20k lenders mortgage insurance for borrowers who have not saved any meaningful deposit. Even a slight fall in house prices would put the borrower into negative equity.
@binks7988 Says:
Lol albo loves this.
@richardfox6595 Says:
Maybe stop adding 300,000 people a year to the population by uncontrolled immigration would help, if they wanted to help.
Newsflash - they don't.
@jimbob2101 Says:
Ireland double the mortgage. Based on a maximum 10 year mortgage. Greedy b.st.rds
@Koushi82 Says:
Meaning one should live in vehicle and ignore them
@thw1304 Says:
Whatever initiatives they bring in will just increase prices
@birgittabirgersdatter8082 Says:
Ultimately rent payments *are* mortgage payments. Investors buy homes not caring about the price because it will be the renters who will be paying the mortgage. Investors like that are part of the house unaffordability problem.
@NinjaKuma Says:
If you think a mortgage is all that a propery costs, clearly you never owned a property 😂
@lukei6255 Says:
There is a bigger question: what's the point of working and living???
@XxTheAwokenOnexX Says:
Are Sky News claiming to be opposed to the economic success of capitalism? 🤔
@morganabartlett5347 Says:
What a load of crap....I put my house up for rent....but only one person took it...I put my house up for sale and no one is interested in paying below price.... people are not doing it tough...it's all media hype...crap...
@slimanegrandpere6246 Says:
You also have to pay for the owners corporation if an apartment which could be a hefty bill.
@BabyFruitBat Says:
You have forgotten that the mortgage payment is not the end of it. A property owner has to pay for insurance, rates, water or maintenance. SO just because the mortgage payments are the same as the rent doesn't mean you should buy. It is still cheaper to rent and it gives you more flexibility, that is, if you can find a rental. The current government is making it pretty hard for renters to do that.
@dericofdorking Says:
Yeah this is not a good idea, subsidising insurance companies will just give insurers reason to jack up premiums
@Chive-do2ii Says:
He is suggesting people to take on more leverage to buy at a record high?
LATEST COMMENTS