Housing hit the news headlines again with a report from the Resolution Foundation. This pointed out the fall in owner-occupation across England.
Home ownership in England has fallen to its lowest level in 30 years as the growing gap between earnings and property prices has created a housing crisis that extends beyond London to cities including Manchester.
The struggle to get on the housing ladder is not just a feature of the London property market, according to a new report by the Resolution Foundation thinktank, with Greater Manchester seeing as big a slump in ownership since its peak in the early 2000s as parts of the capital, and cities in Yorkshire and the West Midlands also seeing sharp drops.
As usual the refrain was BUILD MORE HOUSES! Thats the stop gap answer. The problem it is alleged is a lack of supply. Planners preventing houses being built – really where? In the real world planning does not prevent house building.
But what about demand? Since 2001, Manchester has seen its population rise by 25%, Greater Manchester by 10%.
And then commentators wonder why there is a housing problem!
An essential part of the answer is to plan for a steady state population not for an ever-expanding population!