{"id":56346,"date":"2017-05-30T16:54:25","date_gmt":"2017-05-30T09:54:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-help-to-buy-is-no-help-at-all-to-the-economy-jeffrey-frankel\/"},"modified":"2017-05-30T16:59:08","modified_gmt":"2017-05-30T09:59:08","slug":"why-help-to-buy-is-no-help-at-all-to-the-economy-jeffrey-frankel","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-help-to-buy-is-no-help-at-all-to-the-economy-jeffrey-frankel\/","title":{"rendered":"Why help to buy is no help at all to the economy | Jeffrey Frankel"},"content":{"rendered":"


\nState subsidies to promote home ownership is not always a good thing – it hikes public debt, cuts labour mobility and often boosts prices not ownership levelsAt the end of the first quarter, according to the Federal Reserve Bank of New York, American consumer debt for the first time exceeded its previous peak (in dollars), reached in the third quarter of 2008, just as the global financial crisis erupted. Although car loans and student debt have been rising especially rapidly, housing debt remains more than two-thirds of the $12.7tn total.As a share of income, household debt is nothing like the threat to the national economy that it was 10 years ago. But the new statistic is a reminder that American households don\u2019t save enough. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Why help to buy is no help at all to the economy | Jeffrey Frankel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

State subsidies to promote home ownership is not always a good thing – it hikes...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56346","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eEO","jetpack-related-posts":[{"id":96555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-three-ways-student-debt-makes-it-hard-to-buy-a-house\/","url_meta":{"origin":56346,"position":0},"title":"The three ways student debt makes it hard to buy a house","date":"August 23, 2018","format":false,"excerpt":"\r Student loan debt has become a major barrier to home ownership in America.\r \r Source : cnbc.com\r Read more...The three ways student debt makes it hard to buy a house","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shared-ownership-flats-mum-died-not-knowing-i-would-be-left-with-25000-debt\/","url_meta":{"origin":56346,"position":1},"title":"Shared ownership flats: \u2018Mum died not knowing I would be left with \u00a325,000 debt\u2019","date":"March 21, 2020","format":false,"excerpt":"\r Lois Ploughman thought her property was a sound investment to leave her family. Instead, her daughter was bequeathed a huge headacheA woman has accused a housing association of saddling her late mother\u2019s estate with a \u00a325,000-plus debt that is growing by more than \u00a31,000 a month.When Penny Ashcroft\u2019s mother\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104887,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-tauranga-homes-shackled-by-mortgages-as-fears-of-debt-saddled-retirement-rise\/","url_meta":{"origin":56346,"position":2},"title":"More Tauranga homes shackled by mortgages as fears of debt-saddled retirement rise","date":"March 11, 2019","format":false,"excerpt":"\r Only one-third of Tauranga's homes are mortgage-free after the city suffered one of the sharpest declines in debt-free home ownership in the country in recent years.New research from OneRoof indicated in the last five years, the...\r \r Source : nzherald.co.nz\/Property\r Read more...More Tauranga homes shackled by mortgages as fears\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103024,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loan-debt-is-keeping-young-people-from-buying-homes-fed-study-finds\/","url_meta":{"origin":56346,"position":3},"title":"Student loan debt is keeping young people from buying homes, Fed study finds","date":"January 17, 2019","format":false,"excerpt":"\r Home ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.\r \r Source : cnbc.com\r Read more...Student loan debt is keeping young people from buying homes, Fed study finds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-uks-poorest-households-are-getting-deeper-in-debt-ifs-warns\/","url_meta":{"origin":56346,"position":4},"title":"Quarter of UK's poorest households are getting deeper in debt, IFS warns","date":"January 16, 2018","format":false,"excerpt":"\r Poorest households are spending 25% of monthly income servicing debts as UK borrowing rocketsOne in four of Britain\u2019s poorest households are falling behind with debt payments or spending more than a quarter of their monthly income on repayments, according to a study.The latest evidence of mounting debt problems for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-australias-household-debt-binge-has-left-the-country-vulnerable-as-economy-shrinks\/","url_meta":{"origin":56346,"position":5},"title":"How Australia's household debt binge has left the country vulnerable as economy shrinks","date":"December 7, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...How Australia's household debt binge has left the country vulnerable as economy shrinks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56346"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56346"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56346\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}