Saturday, 4 January 2014
Housing Bubble
Housing Bubble
One of the benefits of the improvement of the housing market ‘outside London and the south’ is that many of my generation will now be able to downsize. The last few years have been very frustrating with the stagnant market. And this will increase the supply of family houses on the market
The other benefits, for everyone, is that an active market facilitates an easier movement of labour. The Help to Buy Scheme another bonus: it seems to me that the critics are generally those people who are nicely set in their lives pontificating about the plusses and minuses of a buoyant housing market, when the rest of the population working their way up the ladder of prosperity find it great!
Agree that supply needs increasing. Solution is easy: relax the old Green Belt so houses can be built where people want to live and reduce the regulations, which restricts smaller builder’s entering the market to compete with the big guys. Planning has become an unacceptable ‘burden on society’
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