- Mon Jan 27, 2025 2:43 pm
#83207
Yeah, I think that's it.
It's certainly deregulatory in terms of where building can take place, but central government is also playing a strong role in mandating numbers. That to me isn't "neoliberalism", whatever that is. It's more like (what I've been told) happens in South East Asia, very free market in terms of delivery, but with the government driving it.
Monbiot thinks a 10% fall in house prices isn't much. I think it's pretty substantial, and there are the economic benefits of people living near where they want to live and most likely a bigger fall in rents, which respond to the extra supply first.
You get also sorts of stuff just flung at the subject by people who don't understand supply and demand. Empty homes is one. You need some or else it's far more difficult to move. And though the number sounds high, it's lower than other countries, and lots of them are in places not many people are in a rush to move to. I think Rhondda Cynon Taf has the most in Wales. If there were a breakdown, I'd expect these empty homes would be in relatively inaccessible places, rather than next to Pontypridd Station (with its very good commuter service to Cardiff).
The other one that's increasingly raised is under occupation, and it seems very easy to say that all these old couples whose kids have left home should downsize. But what if they don't want to? What if they like having their kids and families to stay? What if they like their friends and neighbours, and don't want to chuck that away to start all over again? The spare rooms could be taxed, but I think that would be hugely unpopular, and quite possibly unfair.