My main point is that a lot of people read this as a simple problem of mis-allocation of existing housing stock, when essentially all economists agree that the fundamental issue is a lack of total supply. London alone has added two million residents since the year 2000, and I’m very doubtful that it has also added two million new apartments.
My main point is that a lot of people read this as a simple problem of mis-allocation of existing housing stock, when essentially all economists agree that the fundamental issue is a lack of total supply. London alone has added two million residents since the year 2000, and I’m very doubtful that it has also added two million new apartments.