Submitted on Wednesday 31st August 2011
Published on Thursday 22nd September 2011
Current status: Closed
Closed: Saturday 22nd September 2012
Prevent future "boom & bust" cycles by legislating for all UK property transactions to be controlled by the government
"Boom & bust" cycles in the UK have been caused by the collective aspirational greed of homeowners & estate agents forcing property prices to often ridiculous levels. The government should assume responsibility for setting fixed, non-negotiable prices of UK housing with all sales, private & public, forced to use a central government "estate agency". This radical yet logical proposal eliminates the "greed" factor. It would require, inter alia, severely curtailing "buy to let" & ceasing all council house sales. Current prices are too high & must be reduced. A healthy house-linked economy - new kitchens, bathrooms, furniture etc, - is improved by a regular turnover of housing stock . Since aspirational greed cannot be controlled and will continue to be a permanent risk to the stability of the UK economy, it follows that only intervention at the most fundamental level will "cure" the problem.
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