http://news.bbc.co.uk/1/hi/business/8313853.stm

I bet the old ways still hold true for some people - 'Ah, Mr Mandelson, you look like a trustworthy sort...'

only about 5 years too late
Horse has not only bolted but has been on a round the world cruise.

And it’s sending post cards.

I think that these omissions are a mistake. There should be a ban on any mortgage higher than 90% LTV. There should also be a ban on mortgages more than 3 times a single persons wage. That would stop the market being bid up out of the range of genuine house buyers.

+1, you would have a better idea of how the market was doing realistically if nothing else, and helping to prevent what we've already seen happening again.

My reasoning was that many couples will want to have kids one day and so if the house price is based on two earners then it will mean that they are forced to work. With the social problems that comes with latch key kids. When I grew up there were few families where everyone was working. So kids always had a parent at home. If house prices were lower then a couple could easily afford to have one member of the family staying at home to bring up the kids.