Petition the government to target an end to rising house prices

In the past decade, the number of people stuck in the private rented sector has doubled. Houses already cost 10 times the average salary and their price keeps rising faster than wages. Now it takes a family 12 years to save a deposit on the average house, and today’s young adults are expected to be worse off than their parents. 

The only way housing will become affordable is if earnings start rising faster than house prices. By setting a house price inflation target of zero percent, the government would need to focus on fixing the housing market. But they won’t do anything unless they know people will vote for it.

Read more:

Why we are calling for the government to target 0% house price inflation

Our proposed solutions 


 

We, the undersigned, call on Her Majesty’s Government to set a house price inflation target of zero percent and to pursue policies to achieve this including a programme of housebuilding, property tax reform, and providing rented housing that tenants aren’t desperate to escape.

 

1,119 signatures

Will you sign?

Send me updates by email about PricedOut's campaigns
I would not like to receive emails

Showing 894 reactions

  • Elaine Owen
    signed 2018-10-18 02:18:49 +0100
  • Susie Kay
    signed 2018-10-15 08:15:07 +0100
    Susie Kay
  • Kevin Dean
    signed 2018-10-06 16:13:17 +0100
    Kevin Dean
  • Joseph Burkey
    signed 2018-09-09 20:02:30 +0100
  • Carmen Harding
    signed 2018-09-01 10:18:20 +0100
  • Amy Bacon
    signed 2018-08-15 20:04:09 +0100
  • Penelope Sterling
    signed 2018-08-14 15:34:23 +0100
  • Nicholas Gray
    signed 2018-07-24 12:26:50 +0100
  • Andrew Norfolk
    signed 2018-07-22 01:15:00 +0100
    This may be a little hyperbolic, but I feel like the current housing market has created a form of modern serfdom in which millennials are indentured to an older (sometimes multiple) home owning generation with a vested interest in maintaining the status quo.


    Many of their retirement plans are based on driving up house prices with the goal of eventually selling massively overpriced homes to young people. This would provide huge windfalls for themselves, while entrapping young buyers in mortgages they can barely afford for the majority of their lives. Those who cannot afford to get on the housing ladder, well they can be milked for an ever increasing proportion of their income on rent.


    I want to stress that I am not jealous, but rather disheartened at the the state of the system and the prospects available to myself and others of my generation. I’ve worked hard, established myself in a career job where I earn what income statistics would suggest is very decent money. Yet I still find myself far from being able to get on the housing ladder in or near the area where I work.
  • Adam Starkey
    signed 2018-07-22 00:49:31 +0100
  • Nicholas Bellamy
    signed 2018-07-20 14:30:10 +0100
  • Laura Bye
    signed 2018-07-20 14:08:09 +0100
    House prices are ridiculous and have actually fuelled mental health problems over feeling trapped and stuck and unable to enjoy the life I work hard for as I am unable to afford a house and gain a deposit in this ever growing housing market! Get labour back in or sort the housing market out, I wish the government would explore these issues more carefully! When did a house become a luxury instead of a home???
  • anna Richman
    signed 2018-07-18 21:02:05 +0100
    It is clearly unfair that house prices are 8 times average salary while some have made huge profits for little effort.
  • Sean Geraghty
    signed 2018-07-16 11:59:30 +0100
  • Laura Baker
    signed 2018-06-19 23:26:36 +0100
  • Harry Slaney
    posted about this on Facebook 2018-06-19 23:12:29 +0100
    End the madness
  • Harry Slaney
    signed 2018-06-19 23:11:32 +0100
  • Ismail Hansrod
    signed 2018-06-16 17:55:17 +0100
    The economy is supposed to enrich people’s lives. Instead it is making the masses work longer and have less time for looking after themselves and/or their children which in turn is making things harder for the NHS and teachers, it is a self perpetuating negative spiral while the rich are getting richer and poor people are getting poorer. Stop foreign investors buying properties, stop housing developers sitting on land to push up house prices and help the masses in owning their own homes.


    All people have to do is stop buying things and start saving to help towards:-

    a) A decent deposit

    b) lower house prices


    An economy that grows organically is a good time hing


    What we are seeing now is an economy growing inorganically which requires more and more monetary stimulus to keep it afloat and people working longer and harder from the rising inflation that comes with it.
  • Tom Waring
    signed 2018-06-03 15:40:25 +0100
  • clive hogan
    signed 2018-05-21 10:07:52 +0100
    UK home ownership has become a winner-take-all investment game. Fewer and fewer people are owning more and more property. Ultimately most housing stock in London and the south east will be owned and controlled by about 150 corporations. 99% of us will be tenants. Is this really what we want ?
  • Jason Bannister
    signed 2018-05-15 11:16:11 +0100
  • Catherine Robinson
    signed 2018-05-12 09:54:23 +0100
  • Freya Scott-Turner
    signed 2018-05-10 09:44:09 +0100
  • Shriram Bhosle
    signed 2018-04-30 01:13:13 +0100
    make house as place to live
  • Andrew Willan
    signed 2018-04-28 22:33:15 +0100
  • Mani Nair
    signed 2018-04-27 20:10:08 +0100
    Mani Nair
  • Tracy Hazelgrove
    signed 2018-04-25 12:55:55 +0100
  • Sarah Green
    signed via 2018-04-18 07:23:23 +0100
  • Gayle rampling
    signed 2018-04-17 19:47:15 +0100
    Gayle rampling
  • Kulvinder Kaur
    signed 2018-04-13 03:32:26 +0100