“Knocking stuff down does not increase supply, […] everything we knock down shrinks supply”

Prof Anne Power speaking to LB Camden

Pathfinder seems to have been in the news since the days of John Prescott and New Labour.  Back in March this year, Karen Buck MP, a lady I respect, pointed out in a housing debate that. . .

. . . when the Pathfinder projects were starting they were dealing with the problem of excess supply and indeed many areas being blighted with huge numbers of homes that they could not rent or sell . . .

Pathfinder – Karen Buck blasts back March 4th, 2010 https://www.singleaspect.org.uk/?p=86

I confess that I never did understand the true reason for it especially since it quickly resulted in groups of home owners banding together and taking their local council to court, and often winning, in order to avoid demolition.

At the height of the Pathfinder demolitions I can remember BBC news reports showing people saying that they were going to lose their homes with a compensation figure that would come nowhere near the cost of a new flat built to replace it.

Read the rest of this entry »