This should be interesting.
The current wisdom is that we need to build more houses to bring the price down, it's all about supply and demand. Here we have a good example of oversupply, so, the prices should start coming down and a long way down, if the "current wisdom" is correct, because if oversupply is to reduce prices from their current level to an affordable one, it's going to have to have a really powerful influence.
Funny that the Guardian didn't mention massive price falls in their article though...
Debate Magazine
