| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:House prices in Wandsworth just keep going up | |
| Posted by: | Andy Howard | |
| Date/Time: | 24/05/14 23:22:00 |
| Richard, that would be a very irrelevant graph to plot, what you would need to examine is the interplay between population and the number of houses available for them and then consider the effect of that on house prices. If you simply look at the population and the price of a house, without considering the number of houses available for the population to live in, you are missing the point. I thought from your earlier comment you had appreciated the link between excess of supply over demand and house prices (a pretty obvious concept to grasp), now I am not so sure. For that matter, your solution was to build more social housing. Certainly that would be a start. Many of us though, do not live in social housing and the price rises we are bemoaning, are those of the private housing stock. At the margin, if you were to build enough social housing, enough peple would go and live in them to take the pressure of excess demand for non-social housing (not sure how you fund this though). Surely a more direct and quicker acting solution would be to encourage the construction of greater numbers of both - albeit this might require a more constructive dialogue with developers than you seem to envisage. |