Why building more homes will not solve Britain’s housing crisis by Ann Pettifor - The Guardian
The problem of inflated prices lies in property speculation. That’s what we need to clamp down on. Everyone – from the government to housing charities, to housebuilders – has bought into the conventional wisdom that the dysfunction that racks our housing market is a matter of demand and supply. We’re not building enough houses, so house prices have been sent rocketing, taking home-ownership out of reach for growing numbers of young people. But in reality, our housing problems are not a simple feature of supply and demand. Rather, our housing market has a Bitcoin problem.