Madness, madness, they call it (housing) madness
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 10 February 2017
⏱️ 54 minutes
🧾️ Download transcript
Summary
The property market is broken.
Years of cheap money have allowed lenders to lend more and more to people earning less and less and we’re at crisis point.
The politics of trying to boost the housing market to win votes has left us on the brink of potential disaster.
Rents are likely to soar too, removing even that alternative to having a roof over our heads, and while all the economic focus rests on London there’s little incentive to move to Stoke-on-Trent.
It was with this mess in mind that we’d been looking forward to the latest Government white paper that promised to outline plans for the ultimate rescue package for housing.
It might as well have been 104 blank pages for all the piffle it contained. There is no plan. They don’t know what to do.
The question is, can Simon Lambert, Rachel Rickard Straus and Georgie Frost come up with any better ideas?
Also on the show…
Could another idiotic car scrappage deal be on the cards? This time for our once eco-friendly diesels.
Our failed energy regulator is allowing the big suppliers to get away with the heating equivalent of murder as nPower claims its seventh most disgraceful company of year award in a row.
Aldi opens its door to This is Money as its assault on the Home Counties continues with old-school Tesco-like zeal. Where will it end?
Car wars – there’s some prices in the showrooms definitely worth a look
And Rachel reveals the best school trip stories you’re ever likely to hear.
Enjoy
Transcript
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| 0:00.0 | This is Money, brought to you in partnership with NS and I, giving you 100% security backed by HM Treasury. |
| 0:15.0 | Have you seen our ass? |
| 0:17.0 | Sorry? |
| 0:18.0 | A very warm welcome to This Is Money. |
| 0:26.1 | Podcast in partnership with NS&I. |
| 0:28.4 | I'm Georgie Frost. |
| 0:29.7 | And joining me in the studio is editor Simon Lambert |
| 0:32.3 | and personal finance editor, Rachel Rickard Strauss, |
| 0:35.7 | to round up the week's top stories they've been covering |
| 0:38.1 | on their award-winning website and it is housing madness this week. |
| 0:48.3 | Adam Squibb or a fix for the broken housing market? |
| 0:53.1 | We have now priced people out of owner occupation. |
| 0:56.0 | People are in some places spending half or two-thirds of their disposable income on insecure |
| 1:01.0 | renting. |
| 1:02.0 | We were promised a white paper say the critics what we got was a white flag. |
| 1:06.0 | The team will run the rule over the government's plans. |
| 1:09.0 | All the more relevant as we're being warned to brace ourselves for another half a century of rising rents and house prices. Not |
| 1:16.8 | everyone is convinced by the forecast, though. |
| 1:18.9 | The headlines predicated around this being a little bit alarmist. If rents increase by |
| 1:23.4 | three to four percent per annum, that's not particularly scary. |
| 1:27.4 | Well, I'll swear, N power mounts, |
| 1:29.5 | a strong bid for a record 8th successive worst customer satisfaction title, as it hikes energy prices |
... |
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