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How to keep house prices low for generations to come
http://www.bbc.co.uk/news/business-37941426
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Imagine a world in which the price of housing stopped rising as predictably as a hydrogen-filled balloon.
And imagine a country in which houses would be just as affordable in 10 years' time as they were 10 years ago.
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Quote:
It is about to come to fruition in the East End of London, in an extraordinary experiment.
For the first time, future property prices will be tied to the rise in wages.
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Seems a simple idea..I wonder if it can work?
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Hell is empty and all the devils are here. Shakespeare..
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