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Bank of England urged to cap house prices


By tovarichpeter   Follow   Fri, 13 Sep 2013, 2:07am PDT   642 views   6 comments
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http://uk.news.yahoo.com/boe-cap-house-price-inflation-surveyors-030613830--sector.html#AAuaDnE

By Christina Fincher LONDON (Reuters) - British property surveyors called on the Bank of England to limit the rise in house price, joining a chorus of concern about the risk of a new boom-bust cycle in the country's housing market. The proposal by the Royal Institution of Chartered Surveyors - an unusual one from an industry group that typically benefits from rising prices - is for the central bank to take measures to slow mortgage lending if house price growth exceeds 5 percent a year. The upturn in Britain's property market is likely to be high on the agenda of...

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APOCALYPSEFUCKisShostikovitch   Fri, 13 Sep 2013, 2:17am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Commies!

PockyClipsNow   Fri, 13 Sep 2013, 6:31am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

whut? They should instead put a minimum rate of growth at 5%.
The government should guarantee a 5+% price rise min per year no matter what you paid, the condition of the house, or any other factor. zoooom real estate prices.

APOCALYPSEFUCKisShostikovitch   Fri, 13 Sep 2013, 6:34am PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

If housing isn't doubling every year, then satan is using jesus' manger as a bedpan!

This is a crime against nature, god and man!

smaulgld   Fri, 13 Sep 2013, 7:42am PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

When they have a program that gives people money to buy homes what do they expect! They need a new comptroller!

Heraclitusstudent   Fri, 13 Sep 2013, 7:55am PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

What? they don't have land to build houses anymore?
I understand England is pretty dense, but still.
They are asking for price control within the manipulation.
The whole thing is a joke.

smaulgld   Fri, 13 Sep 2013, 8:12am PDT   Share   Quote   Permalink   Like   Dislike     Comment 6

Heraclitusstudent says

They are asking for price control within the manipulation.

Well put

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