Note to Shelter, who need a grasp of basic economics: if everything had risen at the same rate as housing so would wages. It's called inflation. Therefore it would not be untenable. It would actually be better as relative to income and retail prices housing would be far far cheaper. Housing prices are only untenable because they have risen independently of inflation.
eh? Isn't that exactly what Shelter is saying? That house prices have risen independently of inflation; unlike bananas and so on? Which they mention as a handy way of illustrating just how much higher house prices have risen? Their point is that housing is as much a need as schooling and health care - or roads, public transport or the police force - but it has been left almost solely to the private sector ever since Thatcher with the result that far too many people do not have, and likely will never have, adequate housing. And, something Tories curiously never point out, others have made small fortunes simply by living in a house for a few years; isn't this the sort of un-earned money, and the sense of entitlement to money, that you normally deprecate?
eh? Isn't that exactly what Shelter is saying? That house prices have risen independently of inflation; unlike bananas and so on? Which they mention as a handy way of illustrating just how much higher house prices have risen? Their point is that housing is as much a need as schooling and health care - or roads, public transport or the police force - but it has been left almost solely to the private sector ever since Thatcher with the result that far too many people do not have, and likely will never have, adequate housing. And, something Tories curiously never point out, others have made small fortunes simply by living in a house for a few years; isn't this the sort of un-earned money, and the sense of entitlement to money, that you normally deprecate?