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I wasn't making a claim about what impacted house prices the most.

If I was, then I'd say a system where the government basically gives you free money/tax breaks if you buy a home, is the root cause behind the things you mentioned which then drives house prices.

The point is, without fixing that issue, you can't solve it by wage rises.

People who don't even want homes are buying them, either as outright investments that they can sit on for years, or as something they also live in, but need to treat as an investment, rather than a home.




> the government basically gives you free money/tax breaks if you buy a home

Such as? MIRAS was abolished 20 years ago. Homes are arguably under-taxed (no US style property tax), but that's not really a "break".


There is Help to Buy [1].

[1] https://en.wikipedia.org/wiki/Help_to_Buy


Which is not free money from the government. It’s a loan.


It's a loan for the buyer. It looks a lot like free money to the seller, which is where the problem is.




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