Interesting how house prices have tripled in most areas in the UK since Labour got into power. Meanwhile council housing has dried up completely and there is an annual 35,000 shortage adding to property prices. The political will to increase house building has been absent - vested interests stifle developments:
Nimby affects
Counsellors representing their local constituents
People with homes seeing any new building as a threat to their local house prices
High house prices keeping the marginal voter in middle England happy
No wander the house prices shoot up and first time buyers are left behind - it looks likley to continue unless some radical policies are put in place (remember the 2004 Barker report - and nothing happened). What do you think?
