There is a general shortage of housing stock - whether to buy or to let. This is caused by
1. More households (or wannabe households)
Causes: migration and more single people (due to divorce or coupling up later) wanting a home of their own
2. Not enough stock
Causes: land banking, nimbyism, government inaction, councils not building, lack of investment
Solutions.
1. Reduce migration
2. Build more homes
Since they're already here, reducing migration won't help. Ergo - BUILD MORE HOMES.
It's really not difficult. But there's no political will. Building more homes, means upsetting nimbys and possible falling house prices.
1. More households (or wannabe households)
Causes: migration and more single people (due to divorce or coupling up later) wanting a home of their own
2. Not enough stock
Causes: land banking, nimbyism, government inaction, councils not building, lack of investment
Solutions.
1. Reduce migration
2. Build more homes
Since they're already here, reducing migration won't help. Ergo - BUILD MORE HOMES.
It's really not difficult. But there's no political will. Building more homes, means upsetting nimbys and possible falling house prices.
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