Tldr: House price increases (in the UK) over past twenty years can not be explained by lack of supply (so the build more houses movement is likely to fail). Th

Tldr: House price increases (in the UK) over past twenty years can not be explained by lack of supply (so the build more houses movement is likely to fail). The reason seems to be houses as an investment asset - and the rise in prices has been accounted for by the decrease in cost of money. In other words solving the housing crisis is not a function of building more houses - it needs (and this is not in articles / Mulhairn analysis) active discouraging of houses as asset investments (taxing second homes etc) and focused welfare services to stop people falling off the bottom of the ladder. It's going to be a bumpy correction across the entire Wesrern world