There has been much negative commentary in the past few weeks about cuckoo funds acquiring newly built homes.  There is a widespread sense that such purchases should not be allowed to happen, and that some way needs to be found to stop them. Legislation has now been introduced to limit their purchases. However, this is an example of whack-a-mole policy making, where policies are crafted in reaction to the latest and noisiest issues, losing sight of society’s longer term and more important needs. In the case of housing, the important goal – rightly agreed by a wide consensus a few…

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