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Turning houses into gold: the failure of British planning

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  • Paul Cheshire

Abstract

Britain's crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather, it is a result of decades of misguided planning policies that constrain the supply of land and turn houses into something like gold or artworks. Houses have been converted from places in which to live into people's most important financial asset.

Suggested Citation

  • Paul Cheshire, 2014. "Turning houses into gold: the failure of British planning," CentrePiece - The Magazine for Economic Performance 421, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepcnp:421
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    File URL: http://cep.lse.ac.uk/pubs/download/cp421.pdf
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    Cited by:

    1. Gabriel M. Ahlfeldt & Nancy Holman, 2018. "Distinctively Different: A New Approach to Valuing Architectural Amenities," Economic Journal, Royal Economic Society, vol. 128(608), pages 1-33, February.
    2. Hilber, Christian A. L. & Schöni, Olivier, 2016. "Housing policies in the United Kingdom, Switzerland, and the United States: lessons learned," LSE Research Online Documents on Economics 72818, London School of Economics and Political Science, LSE Library.
    3. Gabriel Ahlfeldt & Pantelis Koutroumpis & Tommaso Valletti, 2017. "Speed 2.0: Evaluating Access to Universal Digital Highways," Journal of the European Economic Association, European Economic Association, vol. 15(3), pages 586-625.
    4. Samer Bagaeen, 2014. "Between a rock and hard place: House-building in Brighton and Hove," Planning Theory & Practice, Taylor & Francis Journals, vol. 15(4), pages 596-602, December.

    More about this item

    Keywords

    Housing; house prices; planning; greenbelt; land development;

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