Jump to content
House Price Crash Forum
Sign in to follow this  
Guest

Bbc Is The Uk Housing Market Broken?

Recommended Posts

Guest

http://www.bbc.co.uk/news/business-27995242

Not a bad set of recommendations from Kath Scanlon, Research Fellow, London School of Economics:

  1. Reinstitute a property tax based on house values and do away with stamp duty. This would create an incentive for 'over-occupiers' to downsize and remove the financial penalty that currently deters transactions.
  2. Limit the size of mortgage loans by capping loan-to-value or loan-to-income ratios, which would reduce effective demand.
  3. Give the Mayor greater control over planning permissions for new housing, as local opposition to new development can be hard for borough politicians to counter

For no 1, how about 0.5% for owner occupiers, but 2% for owners of properties not lived in by the owner.

Share this post


Link to post
Share on other sites

If the housing market isn't broken then why are there no single home building plots within a 15 mile radius of the town where I live?

Land is being deliberately rationed via the planning system, banks were deregulated and compete to see who can lend the most. the results is hyper house price inflation.

Share this post


Link to post
Share on other sites

If the housing market isn't broken then why are there no single home building plots within a 15 mile radius of the town where I live?

Land is being deliberately rationed via the planning system, banks were deregulated and compete to see who can lend the most. the results is hyper house price inflation.

If the housing market isn't broken then why are well all on here debating it.

0% interest rates and government 20% deposit schemes, low sales volumes and bankrupt banks.

It's not just the housing market that is broken, it's the whole ***king system.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.