Hacker News new | past | comments | ask | show | jobs | submit login

There is/was a UK government "Help to Buy" scheme aimed at people who can only afford a 5% deposit, where the gov basically took part of the equity and then charged you rent on the portion you don't own. Never seemed like a good idea to me; just skews purchases to more expensive areas (ie London) and leaves the taxpayer with an even bigger share of the risk in the event of a house price crash. The only upside is political - the government gets to say they are helping first-time buyers.



Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: