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Monday, May 11, 2009

MyChoice Homebuy - A Lesson In Failure

The government's much vaunted scheme, MyChoice Homebuy, to help first time buyers onto the property ladder has failed.

First time buyers using the scheme, who had been promised money, have had to pull out of purchases at the eleventh hour as a result of the fact that the scheme has run out of money.

Seemingly, if the government is to be believed, the funding shortfall is as a result of the scheme being so popular.

Had the government thought this scheme through properly, this foul up would not have happened.

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