This petition was submitted during the 2010-2015 parliament
Petition Prevent future "boom & bust" cycles by legislating for all UK property transactions to be controlled by the government
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"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.
This petition is closed This petition ran for 6 months
3 signatures
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