Wednesday, 22 November 2017

Budget: Rehashed Housing News as I Predicted and More Fuel on the House Price Fire

Love how a politician can stand up and rehash old news as something supposedly new and spectacular.

Stand-out amongst thise was the so-called "Oxford-Milton Keynes" corridor.Many thousands of houses promised in the budget that were announced years ago in the Bicester New Town/City scheme.

No radical plans at all and very little new news.

Stand-out amongst the new plans was more support for Help-to-Buy and tweaks on stamp duty. Neither of which actually reduce the cost of housing, but instead prop up the status quo and even fan the flames, helping to prop up unsustainable house prices and saddling first-time buyers with houses that cost lots more than they are worth.

Way to go Chancellor!