A New Atlantis - by Duncan McClements and Jason Hausenloy
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An outlandish proposal to solve the housing crisis
A New Atlantis An outlandish proposal to solve the housing crisis Duncan McClements and Jason Hausenloy Apr 01, 2024 44 17 3 Share Housing in Britain is unaffordable. The average British home costs 9.1 times median earnings to purchase - the highest since the unification of Germany - and rents are 27% of pre-tax monthly income in England as a whole, and 35% in London. For all this, Britons get homes that are smaller than in New York and demolished so infrequently that equilibrium entails an average house age over 1350 years old. As many note, this is overwhelmingly due to Britain’s bloated pla
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