Ponty
pfm Member
Any collapse will immediately stop new builds. Could be seen as a good thing now we're getting back to ZPG.
If interest goes up towards 10% loads of businesses will fail, ours included.
We need to curtail demand for housing some way other than increasing borrowing costs.
Yes, of course there would be all sorts of other ramifications. Additional property taxation could work. 5% of the value per annum should reduce prices a bit! Trouble is, construction would be economically unviable.