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As you implied...this is really just a measure of whether people get out much.
How much would you pay for an acre of land that will just *be*? Now compare that to the cost of your house.
- greed (mainly of estate agents and mortgage companies) but also of "developers" who will not put up houses on some sites because cleaning them up first will eat into their profits
- the notion that prices will always increase so you're not just buying a place to live in, you're "investing"
- demand-pull caused by social factors - each family that splits due to divorce or some other reason) results in the need for 2 houses not one; each young person that "can't live" with their parents needs a separate dwelling, etc; immigration
AFAIK the cost of rebuilding my house if it burnt down would be just under half what I could get for selling it. In other words the land it is on is "worth" more than the house itself. I don't think there's a good reason for that.Seriously: If you value it, take/fetch it yourself
Seriously: If you value it, take/fetch it yourself
http://www.bbc.co.uk/news/uk-42591494
Seriously: If you value it, take/fetch it yourself
London really isn't that densely populated in the grand scheme of things. I'd suggest that inequality and an self-inflating housing market are bigger causes of problems than the overall number of people.