In an article intended to solicit opinions under the heading "Should the Government attempt to curb house prices?" The Telegraph yesterday posed some very pertinent questions about the potential effects of government tinkering with house prices. Amongst all the various responses online at least - that it's all down to immigration, freeing up planning to release more land (presumably except anywhere near where the author lives), hitting second homes, buy to lets and so on - not one mentions the real solution - Land Value Tax.

But the questions they ask need to be answered by Land Value Taxers, particularly "Single Taxers" such as myself - those who propose eliminating all other taxes as far as possible and collecting the entire value of economic land as the sole revenue source for government (or, as I would prefer, for distribution as a Citizen's Income following the elimination of the state!). For what we propose would indeed reduce house prices and so put at risk what many home-owners and property investors see as their rightful wealth.

We have to offer responses as to why first, it's not their rightful wealth, that they have done nothing to earn the uplift in values they have enjoyed, and second, that the wealth itself is a chimera and their "loss" can be compensated for.

Anyone with an eye on the property market knows the issues as set out:

First time buyers are being forced into record levels of debt to get on the proper ladder, new figures have shown, with houses now less affordable than ever.

According to the Council of Mortgage Lenders, the average house buyer needed to borrow 3.37 times their income in May - the highest figure recorded.

Rising interest rates, continuing house price increases and an average stamp duty bill of £1,458 are all combining to price first time buyers out of the market. They now account for just 35 per cent of all mortgages taken out by people buying a home.

But I want specifically to address the questions they ask:

Should the Government attempt to make homes more affordable or should the market be left to its own devices?

Land does not and cannot operate as a properly free market. Unless you can find a way of creating unlimited amounts of it, and all locations have equal access to all other locations, locations are effective monopolies.

Is it reasonable for young people to expect to be able to buy their own home? Do homeowners who have benefitted from the boom deserve their windfall?

Should the Government ease planning restrictions to increase supply of new homes? Should stamp duty thresholds be altered to give first time buyers an easier route into the market? Should there be restrictions on second homes or buy-to-let mortgages?

Or do young people simply have to make the best of a bad situation? Should they live at home longer, as young people do on the continent? Should we accept that it is no longer feasible for us to be a nation of homeowners? How would you feel if the Government took action which reduced the value of your home?