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Steven Gresham Farrall's avatar

High house prices are not a function - primarily - of a supply shortage. The ONS stats indicate that we have built roughly enough dwelling units to cover the population increase. Except for immigration - possibly / probably.

High house prices are a function of government failure. Failure not only with planning but principally with taxation policy, subsidy policy, currency failure and unwarranted currency expansion.

In the UK we tax production - labour, capital and entrepreneurs - and subsidise and / or under-tax land. And land is parasitical.

So to sort out house, aka land , prices you must:

Have sound money and stop credit expansion.

Shift tax from wealth creating production to rents

Stop landlord subsidies like housing benefits etc

Sound Money is the key. And you'll have fun getting that past The Blob. The idiot socialists and the rent seeking Tories.

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