BoE’s Posen wants housing “stabilisers” to control bubbles

adam-posen

Adam Posen, a member of the Bank of England's Monetary Policy Committee, called for taxes on housing to increase in line with house prices in order to ward off real estate bubbles.

Speaking in London on Tuesday, Posen argued existing levies - such as title fees, capital gains taxes, stamp and transfer taxes - should vary over time in line with price developments in the housing market more broadly. Doing so, would serve as a "simple blunt instrument targeted to lean against the wind in real estat

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