Charities in general seem to suffer from a poor understanding of economic matters and usually seem locked into an etatistic mindset, whereby the only solution that occurs to them is that the state will step in and spend money it doesn’t have. A proper comprehension of the economy leads to the recognition that the state is either causing or exacerbating the problem under consideration, either through action or through enforcing laws which mainly benefit vested interests.
The housing market is, no doubt, dysfunctional, and the degree of its dysfunctionality will depend on what is hampering it from performing its job, i.e. matching supply to demand.
Now, when it comes to housing, I must confess certain urges within myself which are not strictly libertarian. I am something of a Prince Charles with regard to architecture, and I much prefer the sight of the rolling countryside over a modern housing development of the ‘little boxes’ variety. Nevertheless, a balance must be struck between preservation, conservation and progress. If more houses are needed, then they must be built, with all due regard to the contentious issues which invariably arise, but not by the state.
Cross-posted at Orphans