Should the government "cap" house values?

[Puggit]

How about using the Cuban method where you can't buy/sell a house, but can only swap your house for another.

[bosscerbera]

coyft said:

NoelWatson said:

http://uk.reuters.com/article/domesticNews/idUKTRE...

They might as well confiscate all savings and wipe out all debts and be done with it. That's the end game.

I thought along those lines for a while ....but savings are such a pitifully small sum in the scheme of things I think only debt needs to be cut.

Great how Reuters reports that: "The cost of the guarantee scheme will be borne by the government, not banks, the source said." FFS.

[p1esk]

Certainly not. They already meddle in far too many things already.

The size and cost of government needs to be drastically reduced.

Best wishes all,
Dave.

[Zod]

The confiscation starts in 201 with 45% tax. That will be the thin end of the wedge.