{"id":78121,"date":"2018-01-27T13:00:42","date_gmt":"2018-01-27T06:00:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-building-more-homes-will-not-solve-britains-housing-crisis-ann-pettifor\/"},"modified":"2018-01-27T14:03:08","modified_gmt":"2018-01-27T07:03:08","slug":"why-building-more-homes-will-not-solve-britains-housing-crisis-ann-pettifor","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-building-more-homes-will-not-solve-britains-housing-crisis-ann-pettifor\/","title":{"rendered":"Why building more homes will not\u00a0solve Britain\u2019s housing crisis | Ann Pettifor"},"content":{"rendered":"


\nThe problem of inflated prices lies in property speculation. That\u2019s what we need to clamp down onEveryone \u2013 from the government, to housing charities, to housebuilders \u2013 has bought into the conventional wisdom that the dysfunction that racks our housing market is a matter of demand and supply. We\u2019re not building enough houses, so house prices have been sent rocketing, taking home-ownership out of reach for growing numbers of young people. But in reality, our housing problems are not a simple feature of supply and demand. Rather, our housing market has a bitcoin problem.What has bitcoin mania got in common with house prices, especially in the capital? For starters, both are speculative bubbles. Vast sums of money have been poured into finite supplies of bitcoins and London property. Both have consequently exploded in value, albeit over different time periods. And so both have become financialised assets that deliver capital gains far in excess of people\u2019s ability to earn income from work, or from investment in the real economy. And as with bitcoin, so with London property: speculators are convinced that prices will continue to rise for ever. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Why building more homes will not\u00a0solve Britain\u2019s housing crisis | Ann Pettifor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The problem of inflated prices lies in property speculation. That\u2019s what we need to clamp...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-78121","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kk1","jetpack-related-posts":[{"id":124096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australias-housing-market-faces-headwinds-as-supply-likely-to-outpace-demand-analysts-say\/","url_meta":{"origin":78121,"position":0},"title":"Australia\u2019s housing market faces headwinds as supply likely to outpace demand, analysts say","date":"January 5, 2022","format":false,"excerpt":"\r Australian home prices are likely to slow down or even decline as supply is poised to outstrip demand this year, according to analysts.The highly infectious Omicron strain of the Covid-19 pandemic and various restrictions on foreign homebuyers \u2013 made up in large part by Chinese investors \u2013 will also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-inventory-crisis-all-demand-and-no-supply\/","url_meta":{"origin":78121,"position":1},"title":"Housing inventory crisis: All demand and no supply","date":"April 20, 2017","format":false,"excerpt":"\r Nela Richardson, Redfin chief economist, weighs in on the housing inventory crisis and the impact it may have on housing prices.\r \r Source : cnbc.com\r Read more...Housing inventory crisis: All demand and no supply","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-surge-6-3-in-december-amid-critical-housing-shortage\/","url_meta":{"origin":78121,"position":2},"title":"Home prices surge 6.3% in December amid critical housing shortage","date":"February 27, 2018","format":false,"excerpt":"\r Sky high demand and record low supply continued to push home prices higher in December, far faster than income growth.\r \r Source : cnbc.com\r Read more...Home prices surge 6.3% in December amid critical housing shortage","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finding-solutions-to-the-uks-housing-crisis-letters\/","url_meta":{"origin":78121,"position":3},"title":"Finding solutions to the UK\u2019s housing crisis | Letters","date":"October 17, 2017","format":false,"excerpt":"\r Readers respond to Britain\u2019s chronic shortage of affordable housing with solutions of their ownLarry Elliott suggests five steps to fix the housing market (Britain\u2019s broken housing market \u2013 and how to fix it, 9\u00a0October) which include Kate Barker\u2019s idea of \u201cacquiring\u201d large sites abutting urban areas at a modest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-will-fall-by-10-per-cent-in-2024-ubs-says-amid-high-interest-rates-housing-glut\/","url_meta":{"origin":78121,"position":4},"title":"Hong Kong home prices will fall by 10 per cent in 2024, UBS says, amid high interest rates, housing glut","date":"November 16, 2023","format":false,"excerpt":"\r The Swiss investment bank expects home prices to decline by 10 per cent in 2024 as high interest rates dent demand and an abundance of housing stock boosts supply.\r \r Source : South China Morning Post\r Read more...Hong Kong home prices will fall by 10 per cent in 2024,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-home-prices-to-increase-amidst-curbs\/","url_meta":{"origin":78121,"position":5},"title":"Morgan Stanley expects home prices to increase amidst curbs","date":"October 15, 2018","format":false,"excerpt":"\r Housing prices in Singapore are expected to increase by up to 10 percent by the end of next year. Despite the new housing curbs, Morgan Stanley expects home prices in Singapore to increase by up to 10 percent by end-2019 and to double by 2030, reported Bloomberg. Morgan Stanley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78121"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=78121"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78121\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}