tag:blogger.com,1999:blog-1141932539860553199.post6757130349315788425..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Duncan does Car-Owner-IsmMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1141932539860553199.post-18045282183057885472017-09-13T09:32:40.291+01:002017-09-13T09:32:40.291+01:00LVT ie road pricing would sort out congestion, jus...LVT ie road pricing would sort out congestion, just like it would sort out housing issues.<br /><br />Supply of capital ie cars and houses obviously not the problem.benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-90981262075130170172017-09-10T16:27:57.343+01:002017-09-10T16:27:57.343+01:00PW, Duncan also subscribes to the mainstream idea ...PW, Duncan also subscribes to the mainstream idea that house prices are all about supply.<br /><br />SL, and that.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-36234155997982122932017-09-10T15:49:55.040+01:002017-09-10T15:49:55.040+01:00He missed the bit where the government decide who ...He missed the bit where the government decide who to hand out the permits to. Presumably the various manufacturers submit drawings of their cars to the local council. And residents can agree or object to the various designs based on how good or bad it makes their choice car look, but citing environmental reasons instead?Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-67152793818510111912017-09-10T12:20:12.028+01:002017-09-10T12:20:12.028+01:00Excellent (but it makes me angry); both texts - I ...Excellent (but it makes me angry); both texts - I missed the 2010 one originally. <br /><br />I wonder however if typical faux lib will not arrive at a (wrong) conclusion that the reason for the whole mess and distortion was the initial government intervention to limit number of cars built, by introducing equivalent of planning permissions. Won't the faux libs just see what they are trained to see?<br /> Government interventions create artificial restrictions, which restricts supply which raises prices. I know it has been discussed here dozens of times, that builders hoard 10 or 20 years worth of land plots that is already permissioned. I know how to read the text but I am already converted. Preaching the converted is easy.Piotr Wasikhttps://www.blogger.com/profile/05460291916106181718noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-72516925148385344102017-09-09T18:38:03.835+01:002017-09-09T18:38:03.835+01:00B, I thought most people (apart from politicians) ...B, I thought most people (apart from politicians) accepted the "build it and they will come" view?<br /><br />Everybody must have seen this with their own eyes. They build a new road, a new railway line, give it a few weeks or months and it is just as busy as if it had always been there, without a noticeable fall in traffic on the old routes. Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-7978278000685239072017-09-09T18:20:52.246+01:002017-09-09T18:20:52.246+01:00"* There will never be 'enough' roads..."* There will never be 'enough' roads. Once you build one, people will adjust their travel patterns and use it up. Ergo it's just a question of striking a balance somehow."<br /><br />Glad to find someone else who acknowledges this.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-53896898123806574122017-09-09T17:47:31.571+01:002017-09-09T17:47:31.571+01:00Didn't the government do something like this a...Didn't the government do something like this after the war?<br /><br />"Now car builders no longer build as many cars as it can sell - it maximises the value of its car building permits by slowing production."<br /><br />Given that the big housebuilders have ten years' supply of building plots, the so called "scarcity" of permits is hardly an issue here, therefore it must be more profitable for them to operate as they do regardless. Hence it follows that, if that model would be more profitable for the car industry, that is what they would already be doing.<br /><br />I think it's more down to barriers to entry and lack of competition in the housebuilding world.<br /><br />In any case, we know that the whole idea that prices are high because of a shortage of new builds is a myth dreamt up by the housebuilders to increase the supply of land and government subsidies for them. I have just read an article where the author both claims that high house prices are due to a lack of supply thanks to government policy since WWII and then goes on to state that house prices follow an 18-year cycle despite the fact that planning policy has remained remarkably unchanged since it was first brought in. Sod it, I'm going to do a post on that.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.com