Only a 'whole of Government' approach can manage housing
New schemes to bring vacant homes into use could be part of a carrot and stick approach
International and historical evidence point to the mistake of using housing supply alone to deal with the aftermath of a housing crash.
Conventional economics predict that high demand increases costs. Increasing supply initially satisfies demand and later oversupply causes prices to drop.
Housing, however, is different. It does not obey the rules of conventional economics - mainly because of investors.