> Corbyn's approach (let councils start building again) is a far more rational approach than this.
Leaving aside the question of where the money and land comes from (both main parties have announced impressive housebuilding targets at the last few GEs, and nobody's even come close to hitting them), doesn't this run afoul of parliamentary sovereignty?
If "no Parliament can pass laws that future Parliaments cannot change", then even if under the current government councils manage to build a zillion new homes, won't the next Osbornean Tory or Blairite Labour government just give them all away again as electoral bribes?
My gut feeling is that the #1 problem is excessive lending on housing and way too much tolerance for housing as a speculative investment. That's certainly not the only problem, but it's addressable relatively cheaply via macroprudential measures and tax law, so I'd like to see uk.gov start there and then see what further action is needed.