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Strategies & Market Trends : The coming US dollar crisis
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To: maceng2 who wrote (50475)3/20/2013 10:45:05 AM
From: ggersh  Read Replies (1) of 71475
 
Do teardowns count???? News from anywhere and the machines go
friggin ballistic, doesn't matter if it's meaningful or meaningless...-nfg-

Welcome to bubbleville....-g-


UK Discloses Home Purchase Subsidy As Part Of Its Latest 2013 Budget

Submitted by Tyler Durden on 03/20/2013 - 09:56



As part of its 2013 budget, the UK announced something quite dramatic - a government-funded housing subsidy. The government will to commit GBP 3.5 billion of capital spending over the next three years to shared equity loans. The Loans will be up to 20% of the value of a new-build home. The government will also offer mortgage guarantee to lenders to help them provide more loans to people who can’t afford big deposits. Guarantees will be sufficient to support GBP130b of mortgages, Osborne says. "These guaranteed mortgages will be available to all homeowners, subject to the usual checks on responsible lending,” Osborne says.
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