SIR – Our economy is over-invested in housing. Building companies who bought at the height of the last house-price boom cannot be blamed for wanting to wait before developing their land. But the state could buy that land off them, and build at a speed that would ease the need for housing while also reducing its value.
One person can only live under one roof. A house should not be an investment. The Government should smash the housing market and free up money for investment in real industry that creates work.
Rev Richard Haggis