housing myth2 Jul 2022 11:32
The only way you will reduce house prices is to reduce the population growth, people here talk about the market-setting prices so houses are just part of the market. And if you bought a house cheap would you sell it cheaply in the future or would you like a nice profit?. Population growth + a limited supply of land equals what?.
Once in the USA and Australia, they had massive amounts of empty land and with small populations, land could be bought for 50cents an acre or even given away by governments. How anyone can expect house prices to become affordable when even now this government is handing out work/residency visas by the million.
Cramming more houses per square acre of land is only a stop-gap, in time even this will not be sufficient to meet demand. When I take the train into the city where I live, it travels through a forest of newly built tower blokes of flats all within spitting distance of each other. And in time these tower blocks will lose their shine and decay and the prices will collapse and we will be left with 25-story high slums. But don't worry because the people with degrees in PPE are leading the country and as we have seen they are honest and brilliant at governing the country.
Name one idea, one plan, one decision that recent governments have got right?.
What is Johnson's new whizz is to spend more on defense but to cut the army numbers, what have the Russians found out in Ukraine, they need more infantry!.