It's a great article to see in the mainstream press and something that needs to be discussed. When it comes to UK housing most people tend to blame immigration

It's a great article to see in the mainstream press and something that needs to be discussed. When it comes to UK housing most people tend to blame immigration / lack of building. Which certainly haven't made the situation any better. They both can distort the supply / demand equation. The main thing though that effects the demand however tends to be looser monetary policy. This makes more people have more money chasing the same properties. It's an absurd situation and all we have done is essentially devalue money in terms of property. We are no richer. An even more interesting point to the UK market is places like Scotland. Scotland's population actually dipped from the 80s into the 90s, and is only just above where it was in the 80s now... and yet in that time real property values have doubled and above in most places. During this time they never stopped building... We should all be angry at monetary policy of the last decade or so.