Wednesday, August 15, 2007
wheel out the ol’ “housing shortage” explanation
Same old mantra.... it's a housing shortage ... "Nonetheless, in the UK, by contrast with much of the rest of Europe, property inflation has tended to outpace retail price inflation by a couple of percentage points. This is because one of the obstacles to a healthy economy continues to work in the favour of the buy-to-let investor: the housing shortage." Really ? Then why aren't rents going up then ?