House Prices Crisis: Many Scapegoats Few Solutions

A letter from Sir Andrew Green, The Times, London

Sir, The prediction that, by 2026, the average home in England
will cost ten times average earnings is based on demand outstripping
supply. Components of this demand include the increase in the number of
adults, pensioners and single households. But the largest element of
demand is immigration, which will account for one new household in
three. We cannot continue to turn a blind eye to the only factor over
which the Government has some degree of control.

8th June 2007 - Economics, Housing

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