It won’t work! The housing price problem will only be solved by supply-side measures, not demand-side policies. Increase the supply of affordable housing and prices will stabilise or fall. And I happen to know a good chunk of land that would be ideal for the purpose.
Incidentally, there was a sensible piece in Deborah Orr‘s column in the Indy on Saturday (lamentably not archived online) in which Ms Orr highlighted how increasing the right to buy would help some people, but would also lead to increased "ghettoisation" of those without the means to purchase property – as if the ghettoes we have already are not bad enough.

One Reply to “Nooooo!”

  1. As someone who would *really* like to get on the housing ladder now thank you very much, I couldn’t agree with you more (and, hence, disagree with John Prescott). This idea is just propping up the idea of increasingly ridiculous house prices.

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