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.

 

1,154 signatures

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Showing 883 reactions

  • Ben Hewins
    signed 2015-06-12 15:49:04 +0100
  • Francisco Javier Robledo Meza
    signed 2015-06-10 17:53:07 +0100
  • philip taylor
    signed 2015-06-01 20:37:36 +0100
  • John Kaye
    signed 2015-06-01 14:09:38 +0100
    In my opinion, excessive financialization and commoditization of housing, including foreign investment and an increase of buy to let arrangements, together with a lack of investment in new builds is tearing away the house-owning aspirations of all but the most privileged in the younger generations in pursuit of profit, locking out hard working individuals with modest ambitions of affording a small place to call their home. Decades of government policies encouraging and supporting this behaviour and a lack of investment in new housing have led us down this road.

    I’m no expert but I’d like to float a few ideas, such as …

    (1) Reform of stamp duty taxes, with none for first time buyers, but an increasing stamp duty tax paid for an increasing number of UK homes owned

    (2) Tax-deductability of buy-to-let mortgage interest abolished

    (3) More investment, including investment of proceeds of the above, into building affordable housing around the UK
  • Oliver Gibbs
    signed 2015-05-26 20:16:25 +0100
  • Michael Calvert
    signed 2015-05-20 11:29:16 +0100
  • Emma Chan
    signed 2015-05-18 23:56:17 +0100
  • Jay Patel
    signed 2015-05-18 01:21:26 +0100
  • Alistair Kirkbride
    signed 2015-05-13 22:36:17 +0100
  • Tom Levi
    signed 2015-05-13 18:51:26 +0100
  • Neil Adams
    signed 2015-05-13 16:02:44 +0100
  • Alison Davies
    signed 2015-05-13 15:40:03 +0100
    My husband and I had to sell our house in 2001 due to circumstances and we have never managed to get back onto the housing ladder. We both work full-time and have 3 children so have no chance at being accepted onto any housing list so we just have to put up with paying phenomenal rent on a sub-standard property which it is difficult to move out of because of scandalous Letting Agents fees. We are getting older now so no hope of ever being able to afford our own home again and I have to say it makes me sick when I see people who don’t work because they can’t be bothered to work due to sheer laziness (and the fact that rent and most of their council tax, etc, etc, is still paid for them if they don’t work!!) living in decent properties and thinking that it is their right to do so … I don’t know… you try to do the right thing….!!
  • Sarah Carter
    signed 2015-05-13 13:51:31 +0100
  • Smitha Joseph
    signed 2015-05-13 13:07:39 +0100
  • Vinay chennareddy
    signed 2015-05-13 13:06:07 +0100
  • Binoy Joseph
    signed 2015-05-13 13:02:08 +0100
  • Aled Lewis
    signed 2015-05-13 10:58:08 +0100
    The current model of house ownership is unsustainable. Young people have little hope of ownership and far too many are caught in rising rents. I am fortunate to be on the property ladder, but stuck on the first rung for 7/8 years. We couldn’t even get a mortgage to move laterally to a similar sized property. I now have a young family in London where my wife and I work but loving to a home with a little more room or an additional bedroom is an impossibility and we face having to leave the city we love.


    I support the free market and the right of landlords to buy to rent but there must be an adjustment. The current climate of houses as investment is damaging normal working people and Help To Buy, Rent To Buy, Right to Buy are all schemes that sustain dangerous borrowing levels for ordinary people. Inflated house prices only ever benefit the banks and lenders. We need bold action and new homes now!
  • Kenneth Orchard
    signed 2015-05-06 11:23:12 +0100
  • Steve Bradbury
    signed 2015-05-04 18:30:35 +0100
    I feel utterly helpless as a tenant that has been messed around by letting agents whilst trying to get on the home owner ladder.
  • Ashton Chritchlow
    signed 2015-04-27 20:31:19 +0100
    I completely agree with this site. I think the lack of house building is a real issue but I feel that the bigger issue is the rise of buy-to-let investors. The tax system needs adjusting to bring this in line with other investment types. CGT could be higher and it is way too appealing on income tax. Only by making them less tax efficient will they stop BTL investors. Eventually landlord will sell and that will naturally free up more houses and bring prices to a natural level.
  • Archie Kelly
    signed 2015-04-26 17:47:46 +0100
  • Lauren Fairmaner
    signed 2015-04-25 17:44:54 +0100
  • Amanda Meaden
    signed 2015-04-23 21:47:59 +0100
  • anthony dixon
    signed 2015-04-21 21:57:04 +0100
    The government has been using tax payers money to stoke up house price inflation simply to make it more electable. Investment needs are being privileged over the fundamental human need for shelter and security that a home provides.

    This will continue and accelerate until we get organised.
  • James Stevenson
    signed 2015-04-20 23:34:42 +0100
  • Kelly Ramsay
    signed 2015-04-18 15:51:16 +0100
  • lee powney
    signed 2015-04-16 21:37:22 +0100
  • Zafry Mohamed
    signed 2015-04-16 16:36:17 +0100
  • Ryan Barker
    signed 2015-04-12 16:56:21 +0100
  • Ivan Emsden
    signed 2015-04-10 12:28:47 +0100
    All sensible ideas but very difficult to convince most people that house prices should only rise in line with wages.Also no political party appears to face up to the problems caused by the let-to -buy explosion.Surely stopping mortgage interest relief would raise some tax income and discourage some buy-to-letters!!

    A reduction in immigration might also help in some small way.