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.

 

1,139 signatures

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Showing 877 reactions

  • Rose Lock
    @roselock22 tweeted link to this page. 2019-03-12 20:53:34 +0000
    We need the government to target an end to rising house prices. Sign @pricedoutuk's petition http://www.pricedout.org.uk/prices_petition?recruiter_id=16063
  • Devlin Price
    signed 2019-03-07 10:53:44 +0000
    Here ye
  • molly fern
    signed via 2019-03-06 20:31:52 +0000
  • Miles Ratcliffe
    signed 2019-03-06 18:59:45 +0000
  • Gwen Tughushi
    signed 2019-03-04 15:29:31 +0000
  • Hannah Bryant
    signed 2019-03-01 17:49:08 +0000
  • Jodie Franks
    signed 2019-01-21 16:53:49 +0000
    I have now finally been able to afford my own home, with thanks to the bank of Mom & Dad – without their help I really don’t know what I would’ve done. I don’t want to get rich off my house, I am just so happy I now have a place to call home. This has to end, I don’t want the next generation to go through what we have.

    My parents were able to afford a nice 3 bed semi back in late 80s with their very modest jobs… 30 years later myself and my partner both have much higher paying jobs than my parents ever had (considering inflation) yet it has been almost impossible for us to get onto the ladder.

    We have worked so hard, earn more but are still worse off than the generation before… its crazy!
  • Lucy
    @Lucy_Crivella tweeted link to this page. 2019-01-19 13:40:35 +0000
    We need the government to target an end to rising house prices. Sign @pricedoutuk's petition http://www.pricedout.org.uk/prices_petition?recruiter_id=15980
  • Lucia Crivella
    signed 2019-01-19 13:34:13 +0000
    Lucia Crivella
  • Steve Thomas
    signed 2019-01-17 19:17:57 +0000
    I’ve had to move 3 times in 3 years, from a great place in Walthamstow Central, further and further out, into bad unhealthy to even worse circumstances due to the landlords selling up or eviction because the landlord wanting to massively increase rent via an agent.

    Every day more and more flyers through the door from greed focused agents. They have become the new 80s style “Loads a Money” never mind you J ack “i’m LOADED”.

    Rant over – solution – massively tax overseas buyers and an ever progressive tax on the more property an individual owns. Spend this money on newbuilds.

    The less we have to pay in Rent the more we have to spend on other stuff – great for the economy, makes the world go around – “Come on you Useless Politicians.”
  • Emma Constantinides
    signed 2019-01-16 13:09:21 +0000
  • Katharina Stremel
    signed 2019-01-08 19:20:51 +0000
  • Emer O Connor
    signed 2019-01-04 01:14:32 +0000
  • Seb Crawford
    signed 2018-12-18 02:52:17 +0000
    It disgusts me how properties are overvalued and due to an increase in greed and oversees. Users playing around with the market for their gain the rest of us are screwed! A house should be a persons home and should be left out of the market game. People should be limited to how many homes they can have. Greed is ruining this country for everyone else. I can’t call the UK my home (despite being born here) cause I now can’t afford one thanks to capitalist greed. We also need to stop selling our properties to foreigners. The people’s interests should come first. Why am I even paying taxes? Sort this nasty mess out.
  • Lucia Xavier
    signed 2018-12-15 10:01:26 +0000
    One of the necessities of life is shelter, under this government homelessness and home insecurity have risen by record numbers. Labour also failed to invest in social housing as have the Conservatives and coalition. Stop inflating the housing bubble because when it bursts it will be a man made disaster.
  • Alan Jones
    signed 2018-11-22 12:08:47 +0000
    I believe this is the ONLY sensible way forward. I live in a smallish village and almost every semi-detached property that comes on to the market here is bought by speculators or small landlords to rent out, as normal buyers cannot afford to buy them. And as home-owners in a lower price property we are slowly being surrounded by renters who cannot afford to buy and have no interest in maintaining their homes and gardens to a tidy standard.
  • jan Rampling
    signed 2018-11-21 21:51:45 +0000
  • Adam Francis
    signed 2018-11-21 19:14:14 +0000
  • Gayle rampling
    signed 2018-11-21 18:34:17 +0000
    Funny hous and rent prices increase and wages stay low
  • Philip Deamer
    signed 2018-11-16 14:24:00 +0000
  • Tony Jenkins
    signed 2018-10-30 21:23:13 +0000
  • 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.