3 ms·
The governments are to blame. If conventional mortgages were capped to 1 per person. And a minimum of 80% ltv was required. Then houses would be cheaper. Inste
by bushbaba 5y ago
The governments are to blame. If conventional mortgages were capped to 1 per person. And a minimum of 80% ltv was required. Then houses would be cheaper.
Instead the government is letting people put low money down, low interest rates, and buy up many houses at once. That of course inflated housing costs.
- deleted 5y ago[deleted]
- ericmay 5y agoI like this idea. I’d add in though you gotta do something about corporate ownership though.
- deleted 5y ago[deleted]
- heresie-dabord 5y ago> The governments are to blame. Governments are reluctant to oppose profiteering. And with stagnant wages and rising COL, working people are being squeezed out of ownership. The British band XTC had a prescient song -- "Where did the ordinary people go?" They couldn't afford to live in their hometowns anymore!
- fennecfoxy 5y agoYup, things like buy 2 let should've been banned in London & areas around London a long time ago. Hell, ban b2l in all of the UK until everyone that wants their first home has one.