Green's Housing Bill-Taxpayer to revive Housing market!

[riker1969]

The Greens new housing bill intends to give those in social housing who only stump up with a 40% Mortgage on a house (second hand included) the rest of the house for FREE! No claw back-no gradual purchase-nada. It gives people the 60% they didnt buy for free over 30 yrs! Is this the greens way of getting involved in the sub prime market as Jill kerby recently speculated in the Sunday Times? What sort of signal is this sending out to people who buythese homes-we dont think you will ever be able to buy a home even over 30 years?? Why should the tax payer stump up this amount of money even over 30 yrs?

Why shouldn't people be asked to put more than a 40% mortgage towards the cost of their home-why cant payments be spread over 30 yrs at a capital only rate . Some proportion!

Could not find Jill Kerby's article but this guy says it just as well

http://onioneater.blogspot.com/2008/08/ ... payer.html

[generick]

Hmm, thats probably not the best idea in the world.

Fort anyone who's interested, the bill can be found here: http://www.oireachtas.ie/documents/bill ... b4108s.pdf

There's quite a lot of interesting stuff in it, apart from the whole house buying part. I've only read the explanatory memorandum, which doesnt appear to mention the whole house buying scheme in any detail.

[goosebump]

The Greens new housing bill intends to give those in social housing who only stump up with a 40% Mortgage on a house (second hand included) the rest of the house for FREE! No claw back-no gradual purchase-nada. It gives people the 60% they didnt buy for free over 30 yrs! Is this the greens way of getting involved in the sub prime market as Jill kerby recently speculated in the Sunday Times? What sort of signal is this sending out to people who buythese homes-we dont think you will ever be able to buy a home even over 30 years?? Why should the tax payer stump up this amount of money even over 30 yrs?

Why shouldn't people be asked to put more than a 40% mortgage towards the cost of their home-why cant payments be spread over 30 yrs at a capital only rate . Some proportion!

Could not find Jill Kerby's article but this guy says it just as well

http://onioneater.blogspot.com/2008/08/ ... payer.html

You are of course aware that that the taxpayer has been paying for housing for low-income families for nigh on 60 years?

And there is a clawback, as well as a proviso that the mortgagee has to give the Local Authority first refusal on the sale. You might have noticed that if you read the Bill rather than basing your rant on some random blog.

[joemomma]

The Greens new housing bill intends to give those in social housing who only stump up with a 40% Mortgage on a house (second hand included) the rest of the house for FREE! No claw back-no gradual purchase-nada.

I can't be arsed reading the whole bill, but the incremental purchase scheme is described here. In summary, there is a clawback, and there is gradual purchase. The tenant buys out the remaining equity through their rent payments. So you seem to have been misinformed.

By the way, this scheme was promised long before the Greens went into government.

[tonys]

The Greens new housing bill intends to give those in social housing who only stump up with a 40% Mortgage on a house (second hand included) the rest of the house for FREE! No claw back-no gradual purchase-nada.

I can't be arsed reading the whole bill, but the incremental purchase scheme is described here. In summary, there is a clawback, and there is gradual purchase. The tenant buys out the remaining equity through their rent payments. So you seem to have been misinformed.

By the way, this scheme was promised long before the Greens went into government.

OK, so can we work a “FF gombeens give away houses” thread or a “”FF gombeen landlord class force tenants to buy house” thread?

[riker1969]

I will try and confirm whether there is a claw back or not. Rent is not the same as buying back unless its higher than what it normally would be. I also did not base this on a random blog but Jill Kerby's article in the Sunday Times August 3rd. I dont have a link as dont think you can get her article online. I e mailed Dan Boyle shortly after that to clarify if she was right or not. He didn't reply so I phoned him(after 2 weeks) and he promised a reply-still waiting. I have read through as much of the bill and Im still uncertain how it operates. Thus I would like to hear it direct from the Great Senator.

[expat girl]

I have to admit that I haven't read the bill

BUT, if we have too much private housing and not enough affordable housing, and a big pile of unsold stuff that is rapidly depreciating, it might be a good time for the Government to be helping out the needy?? After all, as unemployment booms and mortgage defaults increase, social housing will be needed... perhaps the Govt. could persuade a few developers to sell at cost to repay debts?? I know half the posters here will accuse the Powers that Be of shoring up their buddies in the construction and banking sectors, but the alternative... letting the banks collapse under a weight of bad debt... is somewhat unthinkable. It also makes no sense to build more social and affordable at a premium when there is a big heap of unsold homes already out there.

[goosebump]

I will try and confirm whether there is a claw back or not. Rent is not the same as buying back unless its higher than what it normally would be. I also did not base this on a random blog but Jill Kerby's article in the Sunday Times August 3rd.

Jill Kerby? The Sunday Times??

Well, f**k me pink and float me off to China.

I dont have a link as dont think you can get her article online. I emailed Dan Boyle shortly after that to clarify if she was right or not. He didn't reply so I phoned him(after 2 weeks) and he promised a reply-still waiting. I have read through as much of the bill and Im still uncertain how it operates. Thus I would like to hear it direct from the Great Senator.

So we can conclude that this thread is based on your stupidity rather than any particular reality?

[riker1969]

I will try and confirm whether there is a claw back or not. Rent is not the same as buying back unless its higher than what it normally would be. I also did not base this on a random blog but Jill Kerby's article in the Sunday Times August 3rd.

Jill Kerby? The Sunday Times??

Well, f**k me pink and float me off to China.

I dont have a link as dont think you can get her article online. I emailed Dan Boyle shortly after that to clarify if she was right or not. He didn't reply so I phoned him(after 2 weeks) and he promised a reply-still waiting. I have read through as much of the bill and Im still uncertain how it operates. Thus I would like to hear it direct from the Great Senator.

So we can conclude that this thread is based on your stupidity rather than any particular reality?

Your use of language is really unnecessary-its in very poor taste. Jill Kerby is a respected journalist and she confirmed her story with the Department of the environment. I also fruitlessly tried confirming it. I have gone through the Act and am awaiting proper interpretation. In the meantime It would be great if you dealt with the issues that have made you such an angry person.

[odie1kanobe]

BUT, if we have too much private housing and not enough affordable housing, and a big pile of unsold stuff that is rapidly depreciating, it might be a good time for the Government to be helping out the needy??

Why ?

Do you think they will become less needy or see it as an opportunity to be repeated ?