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A comment on London: the city that ate itself. Parent comment

Re:London: the city that ate itself by tormeh on Tuesday June 30, 2015 @07:38AM (#9804443)
QE is just a handout for private individuals who sell government bonds on the second-hand market; it doesn't really have anything to do with real estate.

But yeah, near-zero interest rates right now and borrowing costs being tax-deductible contribute to housing bubbles.

[ Parent | on HN ]
Re:London: the city that ate itself by tonyedgecombe on Tuesday June 30, 2015 @07:54AM (#9804528)
Yes, I'm not sure why we let landlords expense mortgage interest but not home owners (in the UK) but it would be a good idea to get rid of this loophole.
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