There’s no need to be concerned because they’re never going to build 100,000 new homes, never mind the 1.5M target. Building enough homes to house people would cause supply to meet demand and make the housing market “crash”. And Labour will never upset those who’ve been tricked into thinking that home property is an investment.
No need to crash it, they could build at a controlled rate so that average house price growth is roughly the same as wage inflation, which seems moderately fair. The real problem is private builders with private investors will never be motivated to do this. The real problem is why they’re used at all…
There’s no need to be concerned because they’re never going to build 100,000 new homes, never mind the 1.5M target. Building enough homes to house people would cause supply to meet demand and make the housing market “crash”. And Labour will never upset those who’ve been tricked into thinking that home property is an investment.
No need to crash it, they could build at a controlled rate so that average house price growth is roughly the same as wage inflation, which seems moderately fair. The real problem is private builders with private investors will never be motivated to do this. The real problem is why they’re used at all…