Stats Confirm, Don't Build Houses if You Want to Increase Incomes
In response to Ian Mulheirns through de-bunking of the supply shortage narrative of the housing crisis, Capex has let John Myers, aka London YIMBY, have yet more publicity to rally the troops against the dissenting voices.
It’s just a re-heat of the same old tosh, however one thing that did catch my eye was this graph from the Resolution Foundation showing the relationship between rises in house prices and the increase in housing stock per capita. Myers comments “. . the think tank’s report also contained the encouraging — and unsurprising — revelation that countries building plenty of homes have generally not seen huge price rises, despite low interest rates and a big banking sector.”
Source: http://markwadsworth.blogspot.com/2018/04/stats-confirm-dont-build-houses-if-you.html
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