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Lets Crash the Housing Market..First Time Buyers.

(I'm not surprised since your claims are archived here for all to see)

Are you now saying that you implied nothing at all about French housing market? Even though you are the one that praised the French stamp duty scheme, praised the low level of house price inflation in France 'a swell compared to a tsunami' and the 3x limit on wages/mortgages as keeping a stable environment.

Not sure why you mentioned these if you didnt think it was better than here then. perhaps you could enlighten us, or at least me, on the point of all those statememts? Just trying to use up spare electrons?

Reply to
Tumbleweed
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..just as well since you have a habit of adjusting my adjectives to suit your prejudice...

The thrust of this was about HPI and of course I spoke of all the things you mention but I was talking about measures I saw as being 'effective' rather than 'good'. As far as I am concerned taxes are anathema but they are what we pay for a measure of civilisation and economic management. I paid around 30k in tax when I bought my house in France and I certainly wasn't happy about throwing that away! In discussing stamp duty and mortgage multiples I was talking about what I believe to be remedial (not 'good'!) measures - with limited effectiveness - to tackle HPI and I would recommend them without enjoying them as a means to this end. In much the same way I wouldn't talk about invasive cancer treatment as being 'good' even though it might be palliative and prolong life or ease death. Ditto punishment as a response to crime. The lesser of two evils if you like.

Reply to
curiosity

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