Should the british government try to jump start the housing market?

Question

Or should it be allowed to revalue its self based on affordability and stability. Once prices have fallen to a level that first time buyers can afford then the market will open up again. If the government start adding incentives to drive the market then it will keep prices artificially high and just perpetuate the problem of affordability. Do you agree?

Answer 1

We've been through this before - it will right it's self eventually. No-one has an automatic right to own a home - you can only do it when you can afford it. The government should wipe out all stamp duty afterall they get plenty of income from all the goods and services we put into a new property!

Answer 2

Is  this  capitalism,  i  wonder.  Its'  a  bit  like  the  government  on  both  sides  of  the  'pond'  bailing  out  the  banks  when  they  get in  trouble.  Watch  this  space.

Answer 3

Most things the Government does produce the opposite of the intended result. They should keep their nose out and let the market determine the correct pricing level.

However, they could help by not confusing people, for example about stamp duty!

Answer 4

Its a natural re adjustment to years of over valuations, it was bound to happen sooner or later.

Answer 5

I think the second thing you suggest.  All very well for the building industry and estate agents to moan, but the way the market was before was unsustainable and ridiculous.  If banks start easing up and giving out mortgages again first time buyers will at last have a chance.  I totally don;t think the gov should interfere - free market economy and all that .

Answer 6

The only way is more immigration which requires a growing economy demanding more labour. Simply, supply and demand.