by Mike ‘Mish’ Shedlock
The Street
Affordable home promotions can’t work and don’t work. But Governments keep trying.
Latest Scheme
The latest scheme come from the UK with a Government Pledge to Increase the Number of Affordable Homes.
Details
– A new shared ownership model would see the minimum initial share to buy in a property reduced from 25% to 10%.
– People would also be able to buy additional shares in their home in 1% instalments with heavily-reduced fees.