Has the Office for Budget Responsibility misread the housing market?
There seems to be a fair chance the Office for Budget Responsibility’s view of the housing market may be badly awry. Why would that be that bad? 1. Because it potentially supports a complacent attitude among policy makers towards problems within the housing market. 2. Because it may well leave the Chancellor a few billion pounds light on stamp duty in a few years time. But before galumphing into why the OBR may be wrong it’s worth making a couple…