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  1. #1
    Join Date
    Jun 2005
    Location
    York, England
    Posts
    76

    Default Shared Ownership - any comments

    just wondering if anyone has any thoughts on Gordon Browns "shared ownership" anouncment.

    I came up with a theory that it would work short term, but eventually flatten out again with everybody trading 75% of a property.

    http://news.bbc.co.uk/1/hi/uk_politics/4570045.stm

  2. #2
    Join Date
    Jan 2004
    Location
    Whangarei
    Posts
    5,867

    Default

    It sounds like a property management nightmare for the lenders and the Government and a goldmine of an opportunity for whoever they outsource the management of their share of the equity to.

    cheers,
    Dave


 

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