Why The Hell Is the Government Saying the Taxpayer Shouldn’t Pay?
Why the hell is the government saying the taxpayer shouldn’t pay for poor people to have a decent lifestyle, yet through the Housing Minister, Grant Shapps is saying the taxpayer will bail out homebuyers who find they cannot pay their mortgage?
In other words, they are saying to the private housing industry, who were instrumental in bringing about this supposed economic recession through mortgaging people who couldn’t afford it, give 95% mortgages to people who can’t afford them and we’ll intervene if they cannot pay. The economics of the madhouse!!
The answer to the housing crisis and to stimulate the building and ancillary industries is to move away from the emphasis on home ownership and build good quality council housing, not piecemeal on bits of land here and there as the private housing industry does but wholesale, as in new housing estates. The money spent will come back to the government in rents and council taxes.
There is plenty of land on which to do it; unfortunately the minority rich own most of it.