Nimrod103 wrote:gryffron wrote:TUK020 wrote:While this country is governed by a party whose power base is fundamentally in hock to property owning 'haves' who appear to benefit from house price inflation, the 'have nots' are in deep doodoo.
That doesn't really follow. We had 13 years of Labour rule, and they also failed to build sufficient houses and indeed deliberately inflated house prices as part of their artificial economic stimulus. We've even had a LibDem coalition who also failed to address the same fundamental problems. So this isn't a party political issue. ALL parties are equally guilty.
Gryff
Under Blair's Labour Govt real house prices went up 2.6 times, from £100,000 to £260,000 (https://www.housepricecrash.co.uk/indic ... inflation/).
During the subsequent Coalition and Tory Govts, average house price inflation has to a certain extent levelled off.
Interesting graph showing that house prices fell in real terms following the early 1990s recession (following the Lawson boom), Financial Crisis , and having then just got back to the trend rate of growth fell again after the brexit referendum.