The world following Wheeler's methods

http://www.theguardian.com/business/...mortgage-loans

In a dramatic move, the chancellor plans to allow the Bank of England to limit loans that could undermine the financial stability of the UK housing market.

In a bid to show he is taking action to boost the supply of homes, Osborne will also say he is making changes to the planning regime that could see a further 200,000 homes built.

The new rules will allow the Bank of England to set a maximum multiple of income that homebuyers can borrow and prevent mortgage lenders from offering first-time buyers high loan-to-value mortgages

And praise from the Aussies
http://www.theage.com.au/business/co...612-3a0k2.html