I think we can add "high interest rates" to the above list. That is a symptom, not a cause. If we built more houses it wouldn't matter anywhere near as much. W

I think we can add "high interest rates" to the above list. That is a symptom, not a cause. If we built more houses it wouldn't matter anywhere near as much. We can't have a situation where demand is outstripping supply to this extent and expect our economy to grow. We need workers able to live somewhere near where they work, we need them to not have a mortgage so high that they feel unsafe in moving jobs, starting a business or going freelance. We need folk with disposable income to spend on other sectors besides overheating the property market. All this promotes growth in our economy, housebuilding also of course generates work for builders, electricians, trades, road designers, rail companies etc etc