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Help to Buy will likely have the effect of pushing up house prices further, making housing become less – not more – affordable for young would-be-owners

Hiber, Christian (2013) Help to Buy will likely have the effect of pushing up house prices further, making housing become less – not more – affordable for young would-be-owners. British Politics and Policy at LSE (25 Jun 2013). Blog Entry.

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Abstract

The government’s Help to Buy scheme is intended to stimulate housing demand which, in theory at least, should translate into new housing being supplied. Christian Hilber argues that the UK housing supply is incredibly unresponsive to demand shocks, due to an extraordinarily inflexible planning system. The government’s attempt to boost homeownership will probably backfire, with the main beneficiaries likely to be mainly wealthy and older homeowners. A further concern is that exiting the scheme might seriously damage the economy and therefore be politically infeasible.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2013 The Author(s) CC BY-NC-ND 3.0; Online
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 05 May 2017 16:19
Last Modified: 17 Aug 2019 23:19
URI: http://eprints.lse.ac.uk/id/eprint/75739

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