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The only real solution is a large base of social housing. This creates a ceiling for the pricing of private property because it has to then remain somewhat competitive with what the state provides.

We should also stop giving commercial banks the privilege of creating money for domestic mortgages. Have that done by a subsidiary agency of the BoE and offering full-term low-interest mortgages but with strict income-to-loan ratios so that doesn’t inflate house-prices.

In the US at least, the housing crisis is really a crisis of social policy. The privatization of worker pensions (many service workers have nothing) and inadequacy of social security has forced us all to look to private housing wealth as our only stable source of longterm security.

In addition to the speculative pressures from the financial sector, and city reliance on real estate revenue, all this creates demands on the growth of home values that put them perpetually out of reach for many working people.

I can't read the article as it's behind a paywall, but we don't have a supply crisis - we have an affordability crisis housing should be seen as a public good, but we've got two generations who've lived with it as an investment. getting out of that mindset will be challenging, to say the least

This is why neoliberalism is much more than just a defence of markets - it's a political anthropology which seeks to remake humans in the image of the market. We all become homo economicus. The self becomes a hollowed out, debased, shrunken shell.