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That’s a good analysis. I would’ve liked to have seen some analysis of the big house builders role. They have an influence in the sense that they hoard land banks, and build when the market is buoyant but don’t when it is not. It has an equalising effect on prices.

I wrote a little about this in a recent piece on Burnham's decision to bring back right to buy - and how much it inflated the big developers' profits. Might be worth a longer read now the policy is definitely coming back

"Far-right parties and movements in today's Britain naturally exploit the cost-of-living crisis. But when younger left-wing activists shift the blame to "boomers," I weep."

"I think of working-class communities, especially in northern England and Wales, where so many people's lives were devastated in the 1980s as Margaret Thatcher waged war on trade unions and industries closed down."