Jacob Rees-Mogg wants to reduce planning controls to boost house building
(www.youtube.com)https://www.youtube.com/watch?v=AsPI_y50WdUThis is the same line as the Adam Smith Institute, but more temperately phrased.
https://www.adamsmith.org/blog/pv9d6nitcm4im8nmlkg2ex5tajiy79 says:
The reason we’ve got one is because the law - the Town and Country Planning Act 1947 and successors - makes it illegal to build houses Britons would like to live in where Britons would like to live. The solution is to blow up that Act, proper blow up, kablooie.
The high house prices in the Untied Kingdom are blessing to those with two or more houses, who can benefit from selling their spare one. The high prices are neutral for those with one house; lots of money comes in when you sell, but you still need somewhere to live, so it all goes out again when you buy. The high prices are a curse for those who don't yet have a house, whether they rent, or live with their parents.
Basically, high house prices are a transfer to the old from the young. What I find frustrating is that I post on social media trying to explain to young people that they are being shafted,but they are socialist minded and love their regulations and won't hear of reducing planning controls.
