zlacker

Rents in the UK are utterly outstripped by price rises. This is because rents are set by wages whereas prices are set by available credit (and outside money if like the UK you allow full money laundering through land).

I agree loose credit is the primary cause. However that wasn't what my post was about, I was challenging the assertion that planning permission is easily gained. It's not.

Restrictive planning is vital for creating artificial scarcity. To ramp prices with loose credit you have to push supply below demand to create an auction scenario.

>>branch+(OP)
I never made the assertion that planning permission was easily gained.