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Why cut-price local homes could be bad news for first time buyers

1 month ago   |   By The Spectator

There have been so many government initiatives to help young people buy their first home that it is hard to keep up. Moreover, given the failure of David Cameron's Starter Homes Initiative - launched in 2015 with the promise to provide 100,000 homes by 2020 but which failed to lay a single brick - it is hard to know how seriously to take them.
But for connoisseurs of this sort of thing there is something new to get excited about. The Queen's speech revealed a new initiative called First Home (not to be confused with a Scottish government scheme of the same name) which aims to provide a 30...
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