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The housing crisis: how did we get here?


Very good analysis. Point 5 about house builders only developing for a profit goes to the core of the argument. Why on earth would they do anything else? The top 10 not only have 25% market share, they share between themselves land on which outline permission has been granted got 394,000 units. Any politician who says "we will build xxx homes" should be taken for a fibber. Developers build homes, not politicians. But there are two bits of good news. Politicians are dimly realising this is the case and a shift to councils building again is under way; two, extrapolate the near 25% leap in starts since Christmas and 200 000 new homes a year will b being built by 2017. Problem solved, except in London, which is another country.

Posted date

26 June, 2015

Posted time

9:25 am