We hear a bit about home prices falling in the UK, and then the government pulls a tax rabbit out of the hat to spur more demand. Read SocietyGuardian.co.uk | Society | The change that will make some grin up north.
I wonder what politicians in the US could do to make home ownership more advantageous. Make mortgate interest a tax credit instead of a deduction? With interest rates on the rise, there isn’t much else left to subsidize the market.
It begs the question (again). Can residential price increases hold their own, without the persistently low cost of money advantages they enjoyed in the past?