The reply

@NorthDownReader

“All properties based on local value to be assessed at the beginning of a contract at 3% of value per annum” Why would anyone not just put their money in a bank instead of investing it in housing?

You already see and say that house prices will fall in your regime, so there is no increase in asset value to fall back on. So, OK – end of the private rental sector in about two years of your plan – two years, not 30 years. Also, a complete end to build-to-let, which is a massive knock on the housing supply, too.

Wouldn’t it be simpler just to ban everything instead of pretending to allow it? And if, as you say, 70% of the cost of a house is land, then the only fix needed is to make more land available in places where people want to live.

So that’s a planning permission issue. Also, I looked down your list. Your 9 years of research covered a lot of ground – the mistake was to treat this as a political problem to be micromanaged. It’s not, it’s an economic problem to be incentivised.