These subsidies are financial aids from the government to help individuals purchase their first home, making homeownership more accessible. Proponents argue that it helps people afford their first home and promotes homeownership. Opponents argue that it distorts the housing market and could lead to higher prices.
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@ISIDEWITH9mos9MO
Yes
@9ZRM5752mos2MO
Subsidies like this will artificially increase the price of new build homes buy that amount, 3000 will be added for example if the developer/seller knows people are availing of the scheme.
@9ZJPPZ5Social Democrats3mos3MO
It inflates house prices by at least the subsidy amount and forces first time buyers into purchasing new built homes
@ISIDEWITH9mos9MO
No
@9ZRM5752mos2MO
I recommend listening to The Build podcast, only a few episodes but Rick Larkin brings in developers and financiers discussing this matter and more. Interesting listen
@9NL8CL38mos8MO
No, they should be working on making house prices cheaper so subsidies are not required as subsidies just drive the price of housing up
@9N8NN888mos8MO
No- we should be in a situation where they don't need to. Building needs to be faster, and more to drive down demand, and prices.
@9NPYCYC8mos8MO
Yes, but measures need to be in place to prevent these subsidies from simply being absorbed by property developers - through increased prices
@9ZW3T2VPeople Before Profit2mos2MO
Yes, and more so decrease the prices of rental property so the working class can actually afford a home they can call their own
The current schemes are driving up the price of houses, making deposits more and virtually impossible to buy. These schemes also only apply to new builds not all first time buyers which penalises those who are not able to buy a new build.
@9ZV5N3M2mos2MO
Yes but depending on the housing market - if the price of a home drops below a certain threshold then the subsidy be removed
@9ZV359K2mos2MO
If there's a way of making it so that the housing prices don't increase, making the subsidy pointless, then yes
@9ZT3FBC2mos2MO
Yes, but this would ultimately further drive up prices, similar to the rent subsidy scheme. Help should be given o first time buyers, but banks, etc. must be closely regulated so that they do not take this as an opportunity to drive up costs and mortgages based on the fact that this allows more people to borrow/buy.
@9ZSNF2F2mos2MO
Yes but they need to be accessible to all, not just people who have a minimum that often means they don’t need help beyond that, and also there needs to be regulations in place to make sure that the ability to get help from the government doesn’t lead to hiking up prices
@9ZS7T2G2mos2MO
Yes, but only if this was made this available also for the purchase of second-hand homes and with a banded cap, instead of a straight cut-off.
@9ZS7NGPSocial Democrats2mos2MO
No, operate 100% mortgage for anyone renting 5+ years who can prove they could pay rent consistently.
@9ZR5NLD3mos3MO
Subsidies will only increase the amount people are willing to spend on a property which will just further increase housing prices.
@9N6VX478mos8MO
Means tested, and not unless house prices fall to reasonable levels.
@9N66YJ88mos8MO
Homebuyers should not have to compete with funds. This drives up house prices.
@9MWSLJJ9mos9MO
No, it makes all houses more expensive, and encourages first time buyers to spend more than they can afford.
@9MMRWJV9mos9MO
While it may be necessary now this only fuels the crisis continuing to raise prices and other policies should be pursued to lower prices.
@9MLS6VL9mos9MO
Yes but there should be a move away from prioritizing home ownership with more focus on public housing
@9ZK4LXC3mos3MO
No, but the government should pursue policies which will cause deflation of prices in the housing market
@9NLLGK48mos8MO
Yes, after an extensive wealth check on their parents. only lower middle class and below should avail of this service, or those medically unable to work full time.
@9NK3PML8mos8MO
They should address root causes, lack of supply and no dereliction fees
@9NHZ76M8mos8MO
Yes, but manage it effectively so that there is no incentive for house prices to increase as a result.
@9NGBPW28mos8MO
The cost of housing needs to be brought down (increased building, encourage production of materials in country where possible), not have the price kept inflated through taxpayer funds that go directly to the developer
@9NB4N5M8mos8MO
Nit for first time buyers who have sufficient funds. There should be an income threshold and also amount of family money donated to be taken into account.
@9MYWS969mos9MO
Any money provided to help with buying a house just results in more expensive houses as people have money to bid against each other. The only solution to house prices is more supply.
@9MY38KG9mos9MO
This is an insane solution to the problems facing the public. A new charge here, a new break there, are we trying to become the US?
@9ZF4X5JPBB Solidarity3mos3MO
FTB scheme should be considered short term solution. The problem is supply and demand. If more homes are supplied the inflated prices of homes will decrease and less people would require subsidies/ assistance. But yes, for persons/ families that are have low incomes should have access to government subsidies
@9ZDQS6S3mos3MO
Yes. Also if there is a couple where one of the people already owns/purchased a property the other person should still be eligible.
@9NPM2448mos8MO
Yes, couples where only one person is a first time buyer should also be able to avail of government provided subsidies
@9N5YH8B8mos8MO
Subsidies to first time buyers should be given in a way that don't contribute to further house inflation. Today any benefits are directly added to the house final price making them useless
@9NPYWG58mos8MO
Even if buying a second hand house. New or used houses, first time buyers are always having first time house.
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