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The Fifth Estate
The authors offer an analysis and solutions to the housing supply crises.
Proposed solutions include:
Firstly, affordable housing will be removed from circuits of wealth creation, restoring the primacy of its shelter function. This does not mean that its value growth should be static. Rather, it should be construed to redirect speculative investment to more productive sectors of our national economy.
Secondly, it should be delivered through a variety of systems, including the “for profit” system if it wished, that are genuinely competitive in order to lower prices.
Thirdly, it should not be accompanied by any regulatory changes that diminish existing spatial standards, as seems to be the current industry push.