Housing and Planning Bill
Debate between Christian Matheson and Tim Farron
Tim Farron
The hon. Gentleman preaches to the converted. It is about supply and demand, but it is not as simple as that. House prices have tripled or quadrupled over the past generations while incomes have not, so it cannot be merely about supply and demand: we need to do something else as well. That is why it is wise to be involved in the marketplace in a way that does not just allow the market to rule. If we are to go through a process of setting up new starter homes, which the Government may build themselves according to the Chancellor’s statement earlier this week—I would welcome that—we have to recognise that unless we put restrictions on the value of those homes we will simply kick the problem five years down the road.
Christian Matheson (City of Chester) (Lab)
Has the hon. Gentleman considered the possibility that, if housing and planning policy is ideologically left to developers, they will have a natural tendency to build more expensive properties, for which they will get more money? I do not blame the developers for that, but that would be the consequence of leaving it to be determined by their needs.
Tim Farron
The hon. Gentleman makes a fine and correct point. I do not blame the developers, either. In a market situation, they sell what they can at the price they can get. In my community, one in seven homes are not lived in. I am talking not about holiday lets, but about second homes bought by people away from the area who earn significant incomes and can afford to buy several properties as investments or boltholes, and good luck to them. In such a marketplace, it is blindingly obvious that there needs to be intervention. That is why there is a role for social rented housing and why our amendment to improve the Government’s starter homes proposals is completely wise.