PPCC: Pisitófilos Creditófagos. Invierno 2024

[Lem]

$1B = $1,000,000,000

[Lem]

Otra de intervencionismo positivo

Jeremy Hunt draws up plans for 99% mortgage scheme

UK chancellor’s move aims to reassure voters that Conservatives represent the interests of homeowners

Chancellor Jeremy Hunt is drawing up plans for a 99 per cent mortgage scheme ahead of the Budget, according to officials, as the Conservatives seek to reassure voters that the party is on the side of homebuyers.

The scheme would only require home buyers to put down a 1 per cent deposit on their first home, with the government acting as a loan backer. The proposals aim to support people struggling to get a foot on the housing ladder.

Prime Minister Rishi Sunak has indicated he is determined to propose new housing measures in the coming weeks to reassure the electorate that his party represents the interests of homeowners.

Sunak said in a recent article in the Times that he “understands people’s anger when that dream [of home ownership] feels too far away for too many, especially the younger generation”.

Although government figures cautioned no final decision had been made, they said the new Treasury-backed mortgage scheme was likely to be in the chancellor’s March 6 Budget.

But the proposals have prompted concern from some housing experts and lenders over the risk of buyers ending up in negative equity, where their debts end up bigger than the value of the home.

Neal Hudson, housing market analyst at Residential Analysts, said: “There would be a greater risk of negative equity obviously with this, you’d also be paying a premium mortgage rate, and it doesn’t necessarily address the problem of high prices.”

Lucian Cook, head of residential research at estate agency Savills, warned any scheme that boosted buyer numbers would need to be matched with measures to increase the supply of housing.

“You might be addressing the deposit affordability issue, but you’re still left with the mortgage affordability issue,” Cook said.

One industry figure warned the cost of the loans would likely be higher than on lower loan-to-value bands.

“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital buffers to support lending at this loan-to-value,” they added.

In 2021 the government introduced a 95 per cent loan-to-value mortgage scheme which officials say has helped close to 40,000 home buyers.

Under the new scheme, buyers would only have to put up £2,850 to buy a house at the UK average price of £285,000, compared to a deposit of £14,250 with a 95 per cent mortgage.

Sunak’s party is struggling to engage younger voters — who have found it increasingly hard to get in the property ladder — with only a tiny fraction of under-40s prepared to back the Conservatives at the general election, according to the latest polling.

House prices in the UK have risen by 60 per cent in the past 10 years. Meanwhile, the average age of a first-time buyer has risen to 32 from 29 in 2011.

The end of the Help to Buy equity loan scheme, which had been a totemic Conservative policy, has left the government in search of a new high-profile housing policy to counter the Labour party’s promise to be “the party of home ownership”.

A recent Opinium poll found 34 per cent of voters thought Labour would do a better job managing “housing/house prices”, versus just 16 per cent favouring the Tories.

[Lem]

El "pensionazo" no era esto no?

Let first-time buyers use pension pots or student loan-style schemes, Hunt urged

Jeremy Hunt should allow first-time buyers to borrow deposits from the Government through a student loan-style scheme or use their pension pots to get on the property ladder, a Tory MP has said.

Natalie Elphicke, Conservative MP for Dover and head of housing delivery at cross-party industry group the Housing and Finance Institute (HFI), is urging the chancellor to prioritise first-time buyers in the Budget next month.

She told i: “Helping young people and families onto the housing ladder must be a national mission”.

In a new report from the HFI, shared in full exclusively with i, Ms Elphicke calls on Mr Hunt to deliver a “Budget for Housing” in which help for first-time buyers to raise a mortgage deposit via Government deposit loans and pension transfer schemes is a “key priority.”

Such support could mean an extra 30,000 people can become homeowners a year, the HFI claims. She is also calling on the Government to urgently build more social housing and says this would boost the economy.

The deposit loans would be repayable through the tax system, in the same way that student loans are given to pay tuition fees upfront and then repaid every month after graduation.

The pension transfer scheme would allow younger people to set aside enough to cover a typical deposit by transferring pension contributions to a home deposit ISA.

“It’s really important that first-time buyers have flexibility,” Ms Elphicke said. “The different schemes give people options.”

“Not everyone will go to university, but everyone will have the opportunity to buy their own home,” Ms Elphicke added. “An extension of that style of scheme could be really helpful to younger people.”

Neither proposal is risk-free, however.

Living costs remain high and repaying a government loan or sending funds back to a pension pot alongside a mortgage could be challenging, even for middle earners bringing home between £30,000 and £60,000. According to the research body the Financial Fairness Trust, this demographic is already struggling to “maintain a decent living standard”.

[...]

[Lem]

[Benzino Napaloni]

Tal como unos cuantos avisamos en el foro desde hace tiempo, los niños y los trabajadores no se imprimen. Las trampas contables que se hicieron en 2008 ya no valen.

Solo espero que cuando se descubra el pastel y la factura a pagar, seamos capaces de organizar la quita sin que vuelen los trastos.

Y estamos a puntito, señores. Ya se ha levantado la veda en las oficinas, y el residencial va detrás. Un último arreón para llegar al verano, y después otra vueltecita a la rueda del potro de tortura.

[BENDITALIQUIDEZ]

Yo propongo que asustadísimos se cambie el nick por "divertidísimos" o "entretenidísimos".

Os animo a todos a que lanzéis a todos vuestros conocidos cabreados de cabeza contra los políticos, ahora es el momento de que pasen las de Caín y tengan que salir en helicóptero.

Es la forma de vengarse de las guerras mediáticas del género, de los migrantes, de los odios, etc...

Es el momento de derivar todas las conversaciones hacia "los políticos tienen la culpa".

[asustadísimos]

[Como dice Lem, la casa de la playa de Griffin (Citadel) le va a salir por $ 1.000M, y no por $ 10.000M.
https://nypost.com/2023/10/18/inside-ken-griffins-plans-to-build-a-1b-megalith-property/
Procedo a corregir el comentario anterior.]

[Cadavre Exquis]

https://cincodias.elpais.com/mercados-financieros/2024-02-22/la-banca-aviva-la-guerra-por-el-ahorro-las-cuentas-que-pagan-entre-el-2-y-el-5.html

Saludos.

P.D. Tal y como comentaban en una de las últimas entradas de la web tucapital.es hay que andar con cuidado con las ofertas que superan el 4% de interes con saldos máximos remunerados altos pues suelen ir ligadas a productos que no son de ahorro como fondos de inversión.

[Cadavre Exquis]

https://cincodias.elpais.com/companias/2024-02-22/merlin-lanza-la-segunda-fase-de-desarrollo-de-sus-centros-de-datos.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2024-02-22/la-luz-y-el-gas-ya-cuestan-lo-mismo-que-antes-de-la-crisis-energetica.html

https://cincodias.elpais.com/companias/2024-02-21/la-audiencia-nacional-confirma-el-cartel-lacteo-con-multas-millonarias-a-los-principales-fabricantes.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/mercados-financieros/2024-02-21/las-actas-de-la-fed-confirman-que-no-habra-rebajas-de-tipos-inminentes.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2024-02-22/los-estados-dejan-de-pedir-mas-de-73000-millones-del-fondo-de-recuperacion.html

https://elpais.com/economia/2024-02-22/espana-no-logra-cambiar-su-modelo-productivo-crecen-los-servicios-pero-la-industria-se-contrae.html

https://twitter.com/sninobecerra/status/1760598599228960947

Saludos.

[Cadavre Exquis]

El inefable Gonzalo Bernardos en el programa Queremos opinar hablando de la vivienda (como es habitual, su visualización no está recomendada para estómagos sensibles  )

8tvcat | Queremos opinar | ¿Si no actuamos, el campo morirá?

A partir del minuto 46:57.

8tvcat | Queremos opinar | ¿Si no actuamos, el campo morirá? [00:48:10]

8tvcat | Queremos opinar | ¿Si no actuamos, el campo morirá? [00:51:18]

8tvcat | Queremos opinar | ¿Si no actuamos, el campo morirá? [01:05:59]

Saludos.

[conejo]

Hace 25 años (1998) en Argentina se publicó este LP:




Contenía la versión original del tema “Señor Cobranzas”, popularizado por Bersuit Vergarabat ese mismo año, y que parece hecho a medida del país -o del continente-, gobierne quien gobierne:

https://youtu.be/MjlYbw9WbHU?si=qyS-zKbMUlVqM9c1

Pero lo más curioso era el título:
“Arriba las manos, esto es el Estado”


“En diciembre de 1999 asumió la presidencia Fernando de la Rúa de la Unión Cívica Radical, que por entonces formaba parte de La Alianza. Tomó medidas para reducir el déficit público -entre ellas la reducción de las jubilaciones y flexibilizar los derechos laborales-, siguiendo las indicaciones del FMI”.

Algo parecido a lo que Milei estaría haciendo actualmente. Lo que vino después ya lo conocen:

“La crisis económica y social se agravó y el gobierno designó al exministro de economía del presidente Menem, Domingo Cavallo, quien dispuso la congelación de los depósitos bancarios (medida conocida como «el Corralito»), que culminó en una insurrección social generalizada, con decenas de asesinatos causados por las fuerzas de represión, que llevó a la renuncia del Presidente el 20 de diciembre de 2001.

Cuando Fernando de la Rúa se subió al helicóptero para dejar la Casa Rosada a las 19:50 del jueves 20 de diciembre de 2001 una multitud que ya sabía de su renuncia presenció desde la Plaza de Mayo la escena que siguió luego, el Sikorsky S76B blanco de la Presidencia (fabricado en Estados Unidos por un ingeniero ruso nacido en Kiev) que despegaba de la terraza y se retiraba hacia el norte, con la certeza de estar viviendo un acontecimiento histórico.

Lo que en ese momento no podían imaginar quienes permanecían ante Casa de Gobierno era la dimensión de los cambios que ocurrirían a partir de entonces, sobre todo en el sistema de partidos, ya que al derrumbe de la Convertibilidad y el fracaso de la Alianza le seguiría otro ciclo político, con un peronismo que leyó la época y gestó una nueva identidad, perdurable por décadas: el kirchnerismo.”


Saludos

[puede ser]

https://www.eleconomista.es/economia/noticias/12688017/02/24/biden-encuentra-los-resquicios-legales-para-perdonar-138000-millones-de-dolares-en-deuda-universitaria.html

Biden encuentra los resquicios legales para perdonar una pequeña parte de la deuda universitaria
En total, ha cancelado 138.000 millones de dólares
El Tribunal Supremo le prohibió cancelar 400.000 millones de golpe por decreto

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