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Mortgages: The Case for Index-Linking

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  • Whitley, J. D.

Abstract

Much attention has been paid recently to the activities of building societies and their influence on the housing market. Criticism has been largely directed towards the destabilising effects of the present methods of financing house purchase, in which borrowing and lending rates tend to be ‘sticky’ with the result that the availability of mortgages goes through the familiar ‘feast and famine’ cycle.

Suggested Citation

  • Whitley, J. D., 1974. "Mortgages: The Case for Index-Linking," National Institute Economic Review, National Institute of Economic and Social Research, vol. 70, pages 75-79, November.
    • Handle: RePEc:cup:nierev:v:70:y:1974:i::p:75-79_8
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    Cited by:

    1. Michael Barrow & Ray Robinson, 1986. "Housing and Tax Capitalisation," Urban Studies, Urban Studies Journal Limited, vol. 23(1), pages 61-66, February.

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