What are the options to solve the UK housing crisis?

[Nicholas Wallwork]

While the mass media continues to highlight the ever-increasing price of property in the UK very few are even talking about the housing crisis. There has been a supply/demand imbalance for many years now and despite promises by all political parties there is no solution on the horizon. Time and time again we have heard

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The simple fact is that politicians over the years have refused to invest enough time, money and effort into the housing new build sector. There are suspicions that politicians would rather property supply always ran significantly below demand so that prices keep moving higher. Is this a fair argument?