Monday 26 June 2023

UK Property Prices

Unknown commented on "Fewer beds, fewer doctors"

The better-off middle and upper classes, who were able to buy property with mortgages - some of them investors doing 'buy-to-let' landlording - are getting a UK government bail-out

'UK Govt Bails Out Broke Homeowners'

But would it maybe be better, to let housing prices fall ... so more and poorer people could own where they live?

Financial Times:

"There are few unfairnesses greater than the fact that property owners get all the benefits of real estate price booms and low interest rates, but demand bailouts, often successfully, when rates rise and prices fall."

- Adam Posen, president of the Peterson Institute for International Economics, and former member of Bank of England’s Monetary Policy Committee


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