Politicians have made an algorithm to fix the housing crisis. It’s bad

#logement

En gros  : ne pas répondre aux besoins réels de la population, mais servir de la rente foncière aux 1% les + riches du pays…

And just as there are losers under this algorithm, there are winners too. With a huge drive for housing in certain regions, the demand for new land to develop will skyrocket. As a result, the value of the finite amount of land in those areas will also shoot up. Land is increasingly something that is owned by a select few (half of the country is currently owned by less than one per cent of the population) and many of those landowners are set to do very well from any concentrated surge in house building. In places like Camden in London, which has been told to increase the number of homes it builds each year from under 1,000 to 5,604, there is a very small amount of land available. Even if the government’s newly proposed planning reforms manage to release more land for development, it’s unlikely they could ever free up enough to account for a surge in demand that high. This kind of land inflation has other knock on effects too.