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£1,500. The New Statesman.

Britain is in the grip of a housing crisis and politicians from all sides claim to have the solution.

But as prices rise, renters struggle and investors' profit, are we seeing housing policies serve the public good?

I'm Will done. This is the New Statesman podcast.

I'm joined by the new president of the British Academy

and honorary professor of social and economic geography at the University of Cambridge,

Professor Susan J. Smith. Welcome, Susan.

Thank you very much.

So let's talk about how home ownership has changed over the decades.

And who really owns Britain's houses?

But first of all, I'd like to sort of address something that has changed over the decades

that has been sold to us by politicians as being a

really good thing, which isn't, right, which is rising house prices. So, you know, over the decades

people have thought, oh, you know, value of my homes going up and that's, you know, contributed to

the wealth effect, right, and made people feel better of. But I don't think it does would you agree well there's a good

reason why people have brought into the idea that rising house prices are good and that's because

um over the past let's say 40 years they know certainly since the 1980s um what we've seen is a what talk about, a U-turn to inequality in the UK.

...