From the FT today: ""Tackling England’s housing crisis is among the foremost challenges facing policymakers. It also cannot be left to the market. Governments decide the supply of land and necessary infrastructure. Governments set the taxes and offer the subsidies that affect housing. Governments also influence access to finance. So how well have they been playing these roles? If the aim has been to make housing as expensive as possible, the answer must be: very well. On any other criteria, the results have been dire. Here are some relevant facts about UK housing. First, in the financial years from April 1969 to April 1974, an annual average of 286,000 dwellings was started in England. In 2014-15, a mere 138,000 were started. While this was much more than the 88,000 started in 2008-09, it is still extremely low. Second, house prices have soared. according to LSL property services, average real house prices in England and Wales doubled between January 2000 and October 2015. In London, real house prices rose 150 per cent over this period and are now 29 per cent above the pre-crisis peak. Finally, there has been a big fall in the proportion of dwellings in owner-occupation. Between 2007-08 and 2012-13, the proportion of dwellings in owner-occupation fell by 4 percentage points, to 60 per cent of the total in Great Britain. In London, the rate of owner-occupation fell to its lowest level since 1981, at just a little over 40 per cent."" Nothing to add, except successive Governments have done so little yet talk so much.