Quote Originally Posted by Vagabond47 View Post
Overall this does sound fairly similar to what we have. We don't have shared equity, but we have the rent to buy scheme (not that the details are clear on that)

Rent to buy instead of Shared equity,
5% deposit with govt insured loan, check, with price and income caps, check
Second chancers included, check.
NZ gets the $5k (or $10k for new build) )per person grant as well, again, income and price caps apply.

But the big problem is both of these schemes are just going to spur more demand, which will do what to prices? yeah, more demand = higher prices.
The solution isn't to give people money to help blow the bubble up further, its to increase supply and bring prices down.
Maybe cut immigration until the infrastructure and number of houses catches up.