From: "tim....." 
Newsgroups: uk.politics.misc uk.finance uk.politics.economics
Subject: Re: "Its different this time". They said  the same before and during the last crash.
Date: Sun, 8 Jul 2007 22:19:39 +0100
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"Jonathan Bryce"  wrote in message 
news:pKqdnWcNabe80wzbnZ2dnUVZ8q_inZ2d@eclipse.net.uk...
> mjt95 wrote:
>
>> There will be no crash until Britain exterminates its planning regime.
>>
>> Property prices will continue to rise - sometimes slowly, normally
>> quickly - for as long as demand for residential housing exceeds supply.
>
> If demand for houses is exceeding supply, why then, are rents not 
> increasing
> at a similar rate to capital prices?

Indeed, if the demand for housing exceeds supply by the number
that is claimed, why is there not that number of people sleeping
on the streets for want of this house that they need to live in.

tim