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Scandal of luring first-time buyers | Alice Miles - Times Online City high jinks fuelled his public spending splurge? As the housing market and the cheap mortgages and the loans on loans on loans floated Britain through the past few years, and Mr Brown into No 10? Now he wobbles along on an empty bubblearen't sure what to do. If the government didn't help the liquidity crisis by (temporarily - hopefully) taking dodgy loans for hard cash, then UK plc could really go down the drain. And please don't think all of us 'City boysWhole generations have been priced out of the housing market due to unscrupulous investors, pyramid schemes and liar loans. Let us return to a situation whereby homes are for living in...not to increase the rich/poor divide. And if BTL'ersburst, time to repay debts. Despite the protestations of the BTL brigade telling us that the situation is sustainable, watch the bloodbath unfold over the next two years. I totally resent the government attempting to hold up an inflated market www.timesonline.co.uk
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