Comments by "" (@lonevoice) on "UK Housing – Worst Value for Money in the World?" video.

Land prices are far too high and some correction is overdue. This hasn't been helped by lots of competition from private landlords in a sort of Wild West market. The obvious solution here is the introduction initially of some form of rent control to make it less attractive for private landlords. This may then result in lots of properties coming onto the market for sale and government could use this as a transformative opportunity to acquire lots of properties to relet as social housing. They could do this using the approach afforded by modern monetary theory. The constraint here is demand sided inflation and this would be controlled by the Bank of England. This sort of use of MMT is unlikely to be that inflationary.
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@arranf That's the point. Land with planning permission granted is hugely expensive. Housing may be expensive but builders only make a narrow margin on their sales. The only scope to reduce prices is to reduce the cost of land.
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@gpsoftsk1 Yes. They need to start acting more responsibly. That's what they are there for.
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