Any politician in government longs to hear the news that the housing crisis is over. And yet, as in the Housing Commission report, many of my own pieces, and commentary by many others, it is clear that a housing deficit that has built up over at least 15 years is unlikely to be fixed overnight. This leads to a game you might call corner-turning – pronouncements, especially by those in power, that “the corner has been turned” and things are getting better. Those using the metaphor are probably hoping that nobody is counting the corners turned: If you turn three…

Want to continue reading?

Celebrate with us – 7 years of The Currency

Unlock full access to The Currency and The Wall Street Journal with an annual membership and receive a FREE Samsonite Spectrolite Briefcase – worth €175 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .