£3 million is not money well spent
IT should not be the business of government or local authorities to interfere in the free market and prop up and encourage house price inflation for an already over inflated market.
Bristol city council's help for first time buyers at a cost of £3 million to local tax payers, is great news for those who enjoy the rewards of house price inflation, landlords etc.
The best way to enable young people to get on the housing ladder is to let house prices fall to affordable levels which they would do in the absence of buyers.
In the 1970s around 25 per cent of household income went on putting a roof over a family's head, today it is around 70 per cent.
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That has impacted negatively on the quality of family life.
Let's get back to seeing a house as a home and not as a cash cow for investors hoping for house price inflation!
But that £3 million pounds is not money well spent.