Jump to content
House Price Crash Forum
Sign in to follow this  
Reck B

Only Increased Housebuilding Will Solve Prices

Recommended Posts

Increasing the supply of homes rather than just restricting mortgage lending is the key to solving runaway house price inflation, David Brown has said.

The commercial director of LSL Property Services spoke out following the publication of the Office for National Statistics’s monthly House Price Index, which showed a rise in prices yet again in May.

http://www.ftadviser.com/2014/07/24/mortgages/mortgage-data/only-increased-housebuilding-will-solve-prices-says-david-brown-e3gIps8OpfcsNjiN5DdFgL/article.html

It's a shame that moving the BOE base rate is not even considered any more.

Share this post


Link to post
Share on other sites

It's part of the answer but only a small part. A more efficient answer (for the population) would be to move the jobs to where the people are. After all, most of these new jobs could be located anywhere in the country.

It's not the most efficient answer for the financial elite however, because they need to keep that property bubble pumped.

Share this post


Link to post
Share on other sites

Increasing the supply of homes rather than just restricting mortgage lending is the key to solving runaway house price inflation, David Brown has said.

David Brown is a complete and utter idiot!

Spain, Ireland and the USA has unlimited amounts of credit and unrestricted housebuilding during the boom. It didn't stop prices spiralling until the bust came.

The problem with unrestricted mortgage lending is it creates demand that would otherwise not be there. Buy to let etc.

It's so simple a 3yr old could get it.

Share this post


Link to post
Share on other sites

David Brown is a complete and utter idiot!

Spain, Ireland and the USA has unlimited amounts of credit and unrestricted housebuilding during the boom. It didn't stop prices spiralling until the bust came.

The problem with unrestricted mortgage lending is it creates demand that would otherwise not be there. Buy to let etc.

It's so simple a 3yr old could get it.

His career is based on not getting it, hence the advice. An invitation to preserve the status quo for as long as possible at the taxpayer's expense.

Share this post


Link to post
Share on other sites

Houses are a commodity and as such will be subject to market forces. In this context market forces means those who own the land restricting building in order to maintain prices. It is what happens when the market is allowed to do what governments used to do, ie take responsibility for the provision of basic essentials that facilitate a productive economy. In the UK the basic essentials and how to extract the maximum profit from the masses for the basic essentials have become the economy.

Share this post


Link to post
Share on other sites

David Brown is a complete and utter idiot!

Spain, Ireland and the USA has unlimited amounts of credit and unrestricted housebuilding during the boom. It didn't stop prices spiralling until the bust came.

The problem with unrestricted mortgage lending is it creates demand that would otherwise not be there. Buy to let etc.

It's so simple a 3yr old could get it.

Well I bet he's well paid to lie and given his background probably finds it natural.

Everyone has to just stop all this talk of building our way to lower prices and start demanding higher returns for savings.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   205 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.