Given that our government have blindly followed the failed Thatcherite policies this is very relevant.Britain’s housing crisis could be solved – if only the government wanted to
, - The Guardian.
Private builders will never meet the demand for homes. We need more social housing, denser cities and new suburbs – and those require real political will.
Let’s imagine we had a government that was genuinely determined to solve the housing crisis. What would it actually do?
Well, it would begin by accepting that the private housebuilders were never going to solve this problem for us. The amount firms pay for land is based on the price they’ll be able to sell homes for. They’re never going to build homes at a rate that could make prices fall, for the very good reason that they’d all go bust if they did.
And so, a government set on a real solution to the housing crisis would abandon ministers’ touching faith in the power of markets. Instead, it would invest in a huge increase in social housing, loaning money to housing associations, to get them building, and allowing councils to borrow money and build homes on their patch once again. This would require a change in attitudes towards public debt, and an understanding that council housing was a long-term investment – an asset, rather than a slightly embarrassing relic of a bygone age.
More social housing, denser cities, and properly planned new suburbs: in these three ways, a motivated government would be able to end the housing crisis in just a few years. It’s only a pity that a government like that seems like science fiction, too.