@ChrisMayLA6 The problem is that this market cycle will take time, so it is not a solution for the near term. On the other hand, I doubt it would be possible to find a good political solution for the near term either given how much administration there is, and the fact of win/lose that so often takes place when the public sets the policies.
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Emeritus Prof Christopher May
In response to this post@h4890
Yes, I'd agree... in a sense, expanding social housing provision, and thus overall supply, massages down real prices, which might be hidden by nominal house price stagnation, and in 10-15 years we might (the UK that is) be in a better place with less expensive & more readily available dwellings.... but, it'll take time & momentum might well be lost as Govt. changes (both within the current ruling party or if the opposition gets in next time)
@ChrisMayLA6 The problem here is that no political party in power wants to setup the opposition for success. That's why social programs longer than at most 4 years are close to impossible. They know that if it succeeds, the risk is that the competitors will get the credit.
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