George Monbiot (Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market, 26 January) hits several nails on the head, but the most pivotal is his hunch that ministers “are intelligent people pretending not to be for political reasons”.
In a housing market bloated by financialisation after a decade and a half of interest rates close to zero, ownership prospects have been increasingly confined to those inheriting property wealth, and the only way that will change within the mortgageable years of the current unendowed cohort will be through the puncturing of this Ponzi scheme by government intervention.
