Absolutely, well said.

One additional reason housing is so expensive in the UK is not particularly a shortage of housing. It’s because housing is actively being used as a form of money, as the designated money itself is no good at storing value. Everyone knows this and acts upon it even if they don’t really know why. How many boomers do you know still living in houses far too big for them? Stamp duty is also a huge deterrent to move for some.

Fix the money, fix housing.