tag:blogger.com,1999:blog-1141932539860553199.post8272274646896956778..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Bank of England must guarantee a permanent house price boom, says Rics"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1141932539860553199.post-1318323893588187682013-09-14T19:49:34.173+01:002013-09-14T19:49:34.173+01:00Does n't do to be too flippant about this. It ...Does n't do to be too flippant about this. It could be a sea change.(Hard to say : there has n't been one for comparison in fifty years since they quashed Schedule A). People are actually saying ever-increasing house prices may not be an unmitigated blessing and something should be done about them.Uncle Vince is saying mere 5% house price inflation looks too much to him.<br />We have the chance to bat on a favourable wicket for once and make the point that mortgage capital increases and other restrictions would decrease the flow of money for housing when what's necessary is an increase in cheap land including under existing buildings. A message of increase and plenty not austerity in the housing market as well.DBC Reedhttps://www.blogger.com/profile/17891849727783879145noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-54556785309005679762013-09-13T16:04:48.959+01:002013-09-13T16:04:48.959+01:00Thanks for doing that. I've been seething abou...Thanks for doing that. I've been seething about it all day. Done my monthly bit for the EADT on it.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-14176386558931752472013-09-13T15:10:40.531+01:002013-09-13T15:10:40.531+01:00MW,
There's a very simple imperative when it ...MW,<br /><br />There's a very simple imperative when it comes to Government policy regarding taxation/housing/interest rates.<br /><br />Does it increase the capitalised value of the UK land monopoly?<br /><br />As everyone knows, monopolies are bad. They produce deadweight costs, distort markets and push up prices for consumers.<br /><br />So if the answer to any policy that might increase the capitalised value of the land monopoly is yes it does, surely the Government shouldn't be doing it?<br /><br />In fact, they should, for the sake of our economy, only be enacting policy to reduce it's value.<br /><br />Now why can't someone ask Osborne this simple question? benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.com