It makes sense from an incentives perspective AND a sense of fair play, to fix this anomaly. That Britain hasn’t done so suggests that Whitehall stopped caring about either some time ago. (View Post)

I kind of bridle at this idea that Britain uniquely can’t manage to build higher because of some innate preference. You don’t mean to imply that, but many do. Large swathes of London Zone 2 - Zone 2!… (View Post)

At the margins, perhaps. At the end of the day there has been a long period of significant demand (low interest rates, immigration, and a greater tendency to live alone) placed on top of world-beatin… (View Post)

People wonder why wages are stagnant. Again, lots of reasons, but one must surely look first and foremost and the gross distortions delivered by the housing situation. I myself, very rationally, put … (View Post)

And so we come back to the underlying planning dysfunction. New Zealand has done some good work recently basically up-zoning much of the country. My Dad’s crappy 1950s bungalow could now become, with… (View Post)