House Prices

It’s a bit long so I’ve copied the conclusion


"This article has discussed how money is created in the modern
economy. Most of the money in circulation is created, not by
the printing presses of the Bank of England, but by the
commercial banks themselves: banks create money whenever
they lend to someone in the economy or buy an asset from
consumers. And in contrast to descriptions found in some
textbooks, the Bank of England does not directly control the
quantity of either base or broad money. The Bank of England
is nevertheless still able to influence the amount of money in
the economy. It does so in normal times by setting monetary
policy — through the interest rate that it pays on reserves held
by commercial banks with the Bank of England. More
recently, though, with Bank Rate constrained by the effective
lower bound, the Bank of England’s asset purchase programme
has sought to raise the quantity of broad money in circulation.
This in turn affects the prices and quantities of a range of
assets in the economy, including money"
Surely, they are creating liquidity rather than money.
 
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The Australian guy wants maximum lending at 10 years of rent, which works out about half the cost of building the house with free land and no abnormals. Anything like that would just stop any new supply, and supply has been part of the issue.
 
The Australian guy wants maximum lending at 10 years of rent, which works out about half the cost of building the house with free land and no abnormals. Anything like that would just stop any new supply, and supply has been part of the issue.


 
Yeah PILL, it is a proposed at a ridiculous level. A property with a rent of £600 pcm can only get a loan of £72,000 but actually costs near double that to build these days. It is David Ike levels of nonsense.
 
Yeah PILL, it is a proposed at a ridiculous level. A property with a rent of £600 pcm can only get a loan of £72,000 but actually costs near double that to build these days. It is David Ike levels of nonsense.

We aren't talking about building. Most landlords do not build their own properties from scratch.

It's always good to enter a discussion and immediately reveal you haven't bothered to engage with the sources with an open mind. Why do you deserve to be listened to after that childish remark?

David Icke was never head of a faculty at a university.
 
The Australian guy wants maximum lending at 10 years of rent, which works out about half the cost of building the house with free land and no abnormals. Anything like that would just stop any new supply, and supply has been part of the issue.
A joker.
 

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