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"Housing doesn't seem to function in the same way other assets do." Labour are promising to build 1.5M homes in the next 5 years. Housing journalist Vicky Spratt explains why this increased supply won't make homes any cheaper. emily m | Jon Sopel

1,316,112 görüntüleme • 2 yıl önce •via X (Twitter)

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The News Agents profil fotoğrafı
The News Agents2 yıl önce

A look at Labour's plan to fix housing, announced by Rachel Reeves earlier today:

Tom Harwood profil fotoğrafı
Tom Harwood2 yıl önce

@Victoria_Spratt @maitlis @jonsopel Hang on, why is subsidising demand through policies like help to buy considered a supply side measure here? Subsidising demand =/= expanding supply. It acts in precisely the opposite way! It contracts supply relative to demand!

Nathan 🔍 profil fotoğrafı
Nathan 🔍2 yıl önce

@Victoria_Spratt @maitlis @jonsopel @Victoria_Spratt your example of help to buy is something that subsidised demand, right? It isn’t an example of increasing supply?

Josh! profil fotoğrafı
Josh!2 yıl önce

@Victoria_Spratt @maitlis @jonsopel I have found this highly technical chart which your housing journalist may wish to review

Steve Loftus profil fotoğrafı
Steve Loftus2 yıl önce

@Victoria_Spratt @maitlis @jonsopel Supply and demand absolute applies to the housing market.

Maxwell Marlow 🇺🇦 profil fotoğrafı
Maxwell Marlow 🇺🇦2 yıl önce

@Victoria_Spratt @maitlis @jonsopel Austin disagrees

Creative Deduction profil fotoğrafı
Creative Deduction2 yıl önce

@Victoria_Spratt @maitlis @jonsopel Best part is when she says “increased supply won’t bring prices down, just look at help to buy.” Sheer genius.

Simon Cooke profil fotoğrafı
Simon Cooke2 yıl önce

@Victoria_Spratt @maitlis @jonsopel There are loads of examples of how building new homes reduces rents and prices. New Zealand, Austin, French policy from 2000-2015. Can we stop saying this ain't so. Yes, housing markets are complex (most because of regulation) but they still follow economic rules.

M profil fotoğrafı
M2 yıl önce

@maitlis @Victoria_Spratt @jonsopel Shes wrong. Prices won't come down until demand is met, when demand is being met then the prices will start to come down. Help to buy didn't bring prices down because they built so few.

Klaus profil fotoğrafı
Klaus2 yıl önce

@Victoria_Spratt @maitlis @jonsopel You think this because you ignore, or mitigate, the consequences of mass immigration; housing is subject to the law of supply and demand.

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