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Bank of England urged to cap house prices


By tovarichpeter   Follow   Fri, 13 Sep 2013, 9:07am   420 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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  1. APOCALYPSEFUCKisShostikovitch


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    1   9:17am Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    Commies!

  2. PockyClipsNow


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    2   1:31pm Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    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.

  3. APOCALYPSEFUCKisShostikovitch


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    3   1:34pm Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    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!

  4. smaulgld


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    4   2:42pm Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike   Protected  

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

  5. Heraclitusstudent


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    5   2:55pm Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    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.

  6. smaulgld


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    6   3:12pm Fri 13 Sep 2013   Share   Quote   Permalink   Like   Dislike   Protected  

    Heraclitusstudent says

    They are asking for price control within the manipulation.

    Well put

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