Because it's largely by design. They restrict supply through regulation and screw young people.
New gov't claims it'll build 1.5 million new homes in England and Wales. We'll see about that.. 🙄
Over-population + lack of building
= Toxic combination
They restrict supply through regulation and SCREW YOUNG PEOPLE.”.
.
IDK...
Recreational drugs and tattoos are pricy.
You will own nothing and you will be happy.
Some of us remember what Carter did that caused interest rates to skyrocket. T-Bill rates were over 15%.
How does government restrictung supply in the United Kingdom affect house prices in the USA?
Could be simple laziness.
Selling government land isn’t easy. There are always tons of red tape that restricts how government land can be sold.
And the buyer has a lot of hoops to jump through as well.
The excerpt also mentions Brown Fields which suggest that the land has some kind of contamination from previous use. That brings potential liability that would be undesirable.
All of this creates a lot of work with little reward for the bureaucrat.
Government bureaucrats don’t like tedious work.
Construction jobs are on a high right now.
It’s who’s filling those positions that is the issue... foreigner labor. The various unions are doing a disservice to its American labor force, bypassing and recruiting citizens. Right-to-work states must be picking up foreign/squatter labor at home improvement store parking lots ad hoc. Livin’ the ‘merican dream...
I was stationed in Guam in the early 80s. Federal government shutdown down the base and turned it over to the locals in the 90s. Turned into a slum area real quick. Same thing happened at NAS Babers Point Hawaii.. base is closed, turned over to the locals and became an immediate shxthole.
Government needs to stay out of people’s lives at all levels because they suck at everything.
I was once peripherally involved with the closing of an SAC Air Force base during the 1980s after Jimma Carter decimated the military. It included sufficient housing for a city of 10,000 inhabitants. The base was turned over to the county in which it was located, and most of the housing was destroyed.
That seemed like a terrific waste at the time. I wouldn’t be surprised if similar housing is available now that resident Biden and Komrade Harris are responsible for similar military reductions.