I seem to be writing too much on housing…but there was a good piece by Sonia Sodha in the Guardian on the major vested interests in keeping housing supply low. It rings true that following the Budget
All we are left with is a set of house-building targets, without any political commitment to the policies needed to make them feasible.
As she points out, lots of government policies have been stimulating demand (and inflating prices) rather than stimulating supply directly. As I said recently, I think that reframing the housing debate so that falling house prices becomes good news will be really tricky. There are a lot of winners from house price growth and she would like existing homes owners to sacrifice some of the equity in order
to build cross-generational support for solutions that involve some people taking a hit for the benefit of others.
It’s hard to envision.