Submitted on Monday 16th June 2014
Published on Friday 20th June 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 4
Stop property prices - hyper inflation
Property prices are tipped to rise by 35% by 2020 and currently and the number of people renting is rising. This needs to stop.
Why we need to stop this ?
Security of housing, not wasting your money on rent, Access to housing, stopping the rich poor divide.
Why is it happening?
Many high earners purchase several properties and have turned the housing market into a housing 'Market'. Purchasing houses and renting them out to make more money, preventing new and current buyers from purchasing a house.
What will stop this?
There are two approaches we can take:
Law - we can restrict the number of properties that one person can own.
Tax - We can implement a tax system whereby the more properties you own the more tax you pay and the level should be high enough to make it financially redundant.
If you want a country where future generations can actually purchase a house, then please sign this petition.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
52.14.126.74 Thu, 25 Apr 2024 22:20:28 +0100
