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5min chapter
The Housing Supply Myth - Cameron Murray & Ian Mulheirn
The Joe Walker Podcast
The Supply Myth Will Not Die
In 2007, interest rates were nearly as low as they are today. Prices in the UK are basically back up at those peaks. But I would see that as a fundamental driver of prices. There's an expectation of continual decline because there's more long-round demographic trends. And it may very well be the case that we have negative rental growth for quite a period of time. It's very clear in the run-ups 2007, where you get this divergence of prices from what the discounting model would justify Because people have been able to get their hands on the money.
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