The curse of nef strikes again.
That curse being that even when they do manage to get the analysis of the problem correct (a rare enough occurence) they then veer off into entirely insane proposals for the solution.
Here they manage to get correct that the major cost of housing in this country is the piece of paper that says you can build a house on a certain plot of land. Because planning permission is artificially restricted in supply it costs a lot of money.
Excellent, well done.
So, what do they propose? Granting more planning permission? You know, taking the thumb off that supply and demand scale thingie?
No, they propose taxing the granting of planning permission and the restriction to a monopoly of social landlords the ability to gain large scale planning permission.
Loons, just loons.
For the correct response to a supply shortage really isn\’t the creation of a monopoly of supply plus taxation of supply. It\’s umm, a loosening of supply restrictions which will increase supply and thus reduce prices.