Monday, March 12, 2012
They own land, give them money
Shapps' latest wheeze storing up problems in years to come: "House builders set their prices. It is in their commercial interest to ration new homes to help maintain prices. In other capitalist markets if buyers find that prices have risen too high then said prices have to fall. By intervening the Government is propping up prices and putting off the inevitable adjustment that must come sooner or later."