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by iso1631 1068 days ago
Of course they won't fall. The cost of property is set to extract every extra penny from the working class as possible - either in mortgage rates or rental costs.

The owning class who say "not in my back yard" win regardless, because of the supply problem. And they're the ones both Labour and Tory parties kow-tow to.

Want to solve every problem in the UK? Well that's pretty much impossible after 50 years of mismanagement. But allowing housing and getting rid of other planning obstacles (for say north-south power interconnects) is probably the biggest quickest cheapest thing you could do to improve it. But that would upset land owners.

1 comments

Build more yes. But you have to prevent "investors" from buying it all up. City of Vancouver built loads of houses but "investors" bought them all up. Vancouver is ranked the third most expensive city in the world for housing.

Also, aren't there plenty of unoccupied homes in Northern England towns? But there's no jobs. So there lies another problem. Supplies of houses where there's no jobs, and vice versa.

It sounds like they didn't build enough.