Quote of the Week

Meant to post this a while ago - it’s a quote from an article last month in the Financial Times (registration required) by Adair Turner, formerly the chairman of the UK’s Financial Services Authority. The article is about the relationship between the housing market and financial instability.

He notes,
“Increased supply must be part of the policy response but preferably through increased housing density in major cities. Transport and environmental policies that enable people to live in more densely populated areas without jeopardising their quality of life could be as important to financial stability as bank capital requirements.”