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Is the deep-seated problem of housing supply really just about planning?

Is the deep-seated problem of housing supply really just about planning?

Does constraint on planning approvals restrict the supply of homes or does the demand for homes determine the level of planning approvals? Perhaps both work in tandem or parallel. These questions have bugged me for years. Here’s some fresh thought prompted by the release of the latest house-building figures and, in part, by concerns expressed over the weekend by Bank of England Governor Mark Carney about “a housing market that has deep, deep structural problems”. The housing market is a…

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Is income inequality screwing up the housing market? I’m curious

Is income inequality screwing up the housing market? I’m curious

For the past few years three questions have bugged me persistently. How could rising income inequality over the past thirty years not have affected the housing market? If it has had significant effects, what are they and how have these come about? Why is so little political and, it seems, academic attention paid to how income inequality might cause dysfunction within the housing market? This is in contrast to the more significant attention paid to how a dysfunctional housing system…

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