Oh boy, George! I take it then that George Osborne is fully signed up to a Harold MacMillan 1950s public house building programme, fully cooked, costed and ready to start in May 2010. Great! Then private house prices can find their natural levels through the 2010s and appropriate mortgage packages developed for the next 20-30 years. Such haut cuisine! What a cook!

I dunno that cheeky sneek thief Brown nicking the Tories' best policies. What a card! Of course, Brown has a programme to compensate those for taking out mortgage protection schemes too. Yet another picked Tory policy pocket.

Its touching to watch these two gigolos seeking to seduce the aging Prudence Public after her sluttish "Naughty Noughties".

Brown told us that he had to cut interest rates and devalue the pound by 30percent, and then devalue it some more by QE, so that the people with big mortgages would carry on spending. Spend our way out, was his mantra.

Yet when given the option of frivolous spending on the latest Louis Vitton accessory, or paying off a large slice of your mortgage, when staring down the barrel of the worst recession in history, obviously they were always going to
take the option of paying off the mortgage.

We, the potential FTBers, all knew that the real reason Brown stole money from the savers, and the pensioners, and the renters, was, in the hope that these people paying one pence per month, to stay in their 500k 2 bed
terraces, would believe that he, Brown, had done them a favour.

So when he calls a general election, Brown believes this demographic will vote for him. [He's got this spectacularly wrong however, as 40% of homeowners own outright, and all hes doing is damaging pensions.....AGAIN]

After all, they were suckered into buying at peak. Surely they could be suckered by Browns mortgage holiday too?

So Brown is stealing money from the prudent savers, to give it to the people who borrowed too much to buy a house.

But what about the savers, priced out for a decade? A large number have also recently lost their jobs. And they have to find their own rent, which, unlike the people on mortgage holidays, will cost hundreds and hundreds of pounds per month. Yet Brown is still stealing money from these very
people with meagre savings, not yet on the ladder, and pensioners, to give to the people on his Evil mortgage holiday!

Thats New Labour for you. No accountability. Bailout after Bailout.

Brown does not care a jot about the people he steals the money from. He just shuffles the financial deck, making sure he does anything possible to remain in power. Not caring who he hurts.

But when the holiday ends, chances are these people, if they could not pay their mortgage 12 months ago, will
not be able to in 12 months time.

So Whats next?
How will Brown cure that one?

Will he get sick of his own complicated trickery, and just freeze everyones bank accounts, and then unaccountably, take whatever he wants, from whomever he wants?

Hes already stealing the money. But at least if he said he was stealing it, could you at least respect his honesty?

Thats the New Labour way.

All hes really doing is prolonging the pain.

Brown does not have any solutions.

So what if banks start lending again? What FTB in his right mind will buy a small 2bed bungalow presently priced at 240k, when it was sold for 75k in 2000? You could halve that overinflated price tag to 120k, and that would still be a 45k increase over 7 years. I.E. It would still be
MASSIVELY overpriced.
No FTB would touch it.
Prices have fallen 20percent nationwide, but every sensible, honest, non vested interest report tells us they have a HUGE way to drop yet.
The most recent ones In all the daily newspapers, state that houses are still 140percent overpriced when compared against historic levels.
Who could? And when the FSA rule that banks should return to 3x salary lending [10x was always insane, and allowed under Browns meddling. The BOE may have acted sooner, if Brown had not switched some of their core responsibilities to the FSA. And of course the CML, and NAEA, all widely quoted in the press, like the governmnet have huge vested intersts in screwing anyone who has not yet got a mortgage]

Keep digging yourself a hole Mr Brown.

I wont be buying until they reach 2000 prices. Down from 240k, all the way back to 75k. Most FTB i know feel the same way. Some say they wont be buying until they overshoot and reach 1996 prices!
We have had ten years of being priced out.

I know people who were suckered by Estate Agents. Told, noooooo, prices will never drop! And its criminal that within a few years, they will be paying mortgages that will have lost over half their value. But do not expect any accountability under Labour.

Brown has done everything he can, and he has done absolutely nothing.

{Except issue a stay of execution.}

The truth is that we would all be much better off managing deflation than attempting to force inflation.