The housing crisis is because Heinz Kiosk:
But a strategy can’t just be for government. As part of a more general change in the way we think about social change, we need to encourage, cajole and shame all the key housing stakeholders, from major developers to homeless charities, into working together on an approach and then being accountable for providing their part of an agreed strategy. There is a major collective action problem which the government should use its democratic legitimacy to break though.
And, of course, we as citizens also have to enable change. We can point to the manifold failings of our leaders, but many of the underlying causes of our current position lie in our own decisions and aspirations.
We are all guilty!
Which is dingbat. Housing in the UK is very simple indeed. The planning process produces an artificial limitation on the number of chittys, the number of permissions to build housing. Things with artificial limitations tend to be expensive. The land for a house in the South of England is worth perhaps £1,000 as agricultural land. The house might cost £120-£150 k to build. It then sells for £600k and up: that £449k being the value of the artificially scarce chitty.
So, what’s our answer here?
Well, rather than what some dingbat at the Royal Society of Arts thinks, why not ask someone with a modicum of economic knowledge?
“Mr. Worstall, what is the solution here?”
“Issue more fucking planning permissions you incredible fucking dingbat”.
Next week our invited expert will discuss whether water is wet.