Will anything ever stop the madness of the British housing market?
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In the last year, the average house has earned more than the average worker – and the government is to blame.
By Jonn Elledge
Sometimes, things become memes for a reason. In the financial year ending March 2020 – that is, the year before the pandemic – the median household income in the UK was £29,900. In the year to June 2021 – after the pandemic – the average price of the house that contained the average household increased by £31,000. That took it to a record high of £266,000.
In other wo...
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