Housing in London

Alan Benson16 Oct 2014

• What is to be done?• Why does it need to be done?• Why aren’t we doing it already?

Food Rules

• Eat food• Eat less food• Eat greener food• Eat food at the table

with your family

Housing rules

• Build homes• Build more homes• Build greener homes• Build homes at the

table with your family

Population growth 1971 - 2036

Employment growth since 2005

Housing supply in London

Population growth & new homes

Underaccommodation

Changing tenures & projection

0%10%20%30%

40%50%60%70%

1961 1971 1981 1991 2001 2011 2021

OwneroccupiedSocialrentedPrivaterented

Nimbys, bananas & pineapples

Or are they?

Voters’ concerns

Long term affordability ratio

Interest rates

This time is different

“We have abolished boom and bust"

“Help to Buy does not pose material risks to financial stability”

Capital vs revenue funding

Building or cramming?

“Land monopoly is not the only monopoly, but it is by far the greatest of monopolies -- it is a perpetual monopoly, and it is the mother of all other forms of monopoly.””The unearned increment on the land is reaped by the land monopolist in exact proportion, not to the service, but to the disservice done. It is monopoly which is the keynote, and where monopoly prevails, the greater the injury to society the greater the reward to the monopolist. This evil process strikes at every form of industrial activity.”

Land