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That's because both governments heavily regulate land use. I.e. You only building housing on your land with government permission.
by someguydave 10y ago
That's because both governments heavily regulate land use. I.e. You only building housing on your land with government permission.
- tonyedgecombe 10y agoI'm not sure, the UK has relaxed it's planning laws in recent years but house building seems tied to the general economic cycle and way below what we really need.
- someguydave 10y agoYes but because land is so dear it tends to be the case that only high-end homes get built - ie expensive and low density. The basic problem is that land & housing prices are too high relative to people's wages. I think the reason they are so high is because of government intervention in the finance & housing markets.
- tonyedgecombe 10y agoWhereas I think it's because of lack of government intervention in the finance & housing markets.
- cgag 10y agoWhat? Why would you need more govt intervention to get market to fill such an obvious need?