Will building more homes make house prices cheaper?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 9 March 2018

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

We have a housing crisis. That’s the message, loud and clear, and it was reiterated by the Prime Minister this week.

What’s the answer? Build more homes.

Or is it? Because once you start digging into the subject, this housing crisis is a pretty ill-defined problem - and it’s not clear that a lack of homes is causing the problem of too high house prices.

Many people suspect that actually it’s too much cheap money that made homes so expensive.

On this week’s podcast episode, Simon Lambert, Lee Boyce and Georgie Frost get stuck into the housing crisis. They look at what the problem is meant to be, what made homes so expensive, what the plans are to solve the issue, and whether building more homes will make house prices cheaper.

And there’s even a defence of the dreaded Nimby in there.

Also on this week’s show we discuss why we are calling for action on the state pension top-up fiasco, how your driving licence might get Brexited, and the jobs that desperately need more people.

And finally, what should you do in an interview when dealt tricky questions, such as ‘tell me about yourself’.

Or even, ‘what fruit are you?’

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website. I'm your host Georgie Frost and joining Simon I today is Consumer Affairs Editor Lee Boyce. And this week, as the Prime Minister set out plans to fix Britain's housing
0:22.8	crisis, Simon and Lee have some ideas of their own. Our garden towns, the answer, do we need
0:28.6	to be less fussy about where we live? And surely no one has any sympathy for NIMBY's,
0:34.0	except perhaps NIMBYs themselves. and Simon, as it turns out.
0:38.3	Also today, could our driving licenses be about to get Brexited?
0:41.3	Watch out, the team have got their campaigning helmets on, who or what is in the firing line this time.
0:47.3	Clue it's to do with pensions.
0:49.3	Plus, have you left uni, retrained or are just plain sick of your boss?
0:53.3	We reveal the top 10 hottest jobs that have seen a big vacancy boom Have you left uni, retrained or are just plain sick of your boss?
1:00.3	We reveal the top 10 hottest jobs that have seen a big vacancy boom recently, a full-stack developer, anyone?
1:06.7	And to help you along the way, Lee's been speaking to experts about that most tricky of interview questions.
1:09.6	So, Lee, tell me about yourself.
1:13.0	All that and plenty more coming up. Don't forget you stay up to date with all the latest breaking money news, just go to this ismoney.com.uk or download the app.
1:18.9	This is Money, brought to you in partnership with NS and I, giving you 100% security for your savings, backed by HM Treasury.
1:28.7	But first, young people without family wealth are right to be angry at not being able to buy a home.
1:35.6	So said Theresa Mayer. She set out her plans to sort out the housing crisis, which she said
1:41.0	was entrenching social inequality and exacerbating divisions between generations.
1:46.6	Planning rules in England are to be overhauled, pending a consultation, with up to 80 proposals
1:51.7	first put forward last year being implemented. So, number one, no, I'm just kidding, don't worry,
1:57.9	we won't go through all of them, but let's get some idea of what could be on the horizon and whether it will actually work.
2:03.6	But first, Simon, the simple task comes to you to just lay out the issue for as briefly, if you can.
2:10.6	How do we get here? Is this actually a housing crisis?
	...

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