Rob looks at the future of housing in the UK, emphasising the fundamental principles of supply and demand., examining the ongoing challenges in the housing market, including the impact of government policies, labor shortages, and inflation on property prices and rents. KEY TAKEAWAYS The fundamental principle of supply and demand plays a crucial role in the housing market. When demand exceeds supply, prices are likely to rise, while an oversupply can lead to price decreases. Historical evidence suggests that rent controls do not effectively manage housing prices. Attempts to cap prices often lead to unintended consequences, such as increased rents in social housing. To address the housing crisis, there is a pressing need for the government to significantly increase the supply of homes. Building 300,000 homes annually is essential to meet demand, but current labor shortages and policy inconsistencies hinder this goal. Impact of Inflation on Housing: Inflation tends to push up asset prices, including housing. While there may be market corrections, the long-term trend indicates that housing prices will generally rise due to inflationary pressures. Importance of Market Understanding: Investors should prioritise understanding the economic factors influencing the housing market. Knowledge of market cycles, timing, and economic principles is vital for making informed investment decisions and avoiding potential pitfalls. BEST MOMENTS "If you try and tinker too much with supply and demand then the chances are it's going to backfire on you." "The one way to fix house prices, if that is what needs fixing, is by building, building, building, and building it down quickly." "Inflation is probably the ultimate tax of them all... it will push up the price of an asset." "Demand for housing in the UK is going to be far higher than supply for a very, very long time." VALUABLE RESOURCES GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips = https://amzn.to/2NxuAQL uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast