Housing supply, investment demand and money creation: A comment on the drivers of London’s housing crisis
本文评论了英格兰住房危机中侧重供给侧解决方案的不足，强调需求侧压力、住房金融化、信贷自由化和货币创造对住房需求与价格的影响，提出需平衡供给与需求管理。
This commentary examines the current emphasis on supply-side solutions to the housing crisis in England – building more homes to increase accessibility – against a backdrop of intensifying demand-side pressures, the financialisation of housing, and the impact of credit liberalisation and money creation on housing demand and prices. It reflects on the need to balance additional housing supply, where needed, with gradual ‘demand management’ responses that at last acknowledge the centrality of spatially unbounded investment demand and the flow of money created by deregulated banks into housing as fundamental to the current crisis of housing affordability and access.