It's sort of telling how many prominent politicians in the UK make much of their income off of housing. Boris Johnson, George Osbourne, and David Cameron all come to mind - all who were in prime places to improve the situation, but it was against their best interests.

Same in US Congress. Most of them are millionaires who benefit from housing prices.

I don’t think you can really blame 3 conservative politicians for the home price boom in most western countries over the past 20 years! They weren’t even in power for a major part of the boom in the UK (Labour were in power from 1997-2010).

The most recent part of the increase has come from the slashing of interest rates to rock bottom following the global financial crisis and quantative easing, neither of which is the responsibility of the government.

Yes it’s not their fault - just saying it’s not in their interest to improve things, and they didn’t. But you think government has no influence over house prices? How about help to buy schemes and similar? London bubble is pretty extreme even compared to most other places, and the median price has doubled in the last decade under the tories.

I think it has been shown that the majority of politicians in the UK (or their partners) own extra properties.