Labour's Housing Policy is inherently lawed

"The government’s housing policy creates an impression of action by tearing up the countryside while, thanks to a perennial fear of upsetting powerful economic interests, failing to address the underlying causes of the problem. The likely result is trashed landscapes, unmet housing need and soaring rents. Had it set out to destroy people’s faith in democracy and hand the next election to the far right, it could scarcely be doing a better job."
Read carefully - Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market | George Monbiot | The Guardian

"The government’s housing policy creates an impression of action by tearing up the countryside while, thanks to a perennial fear of upsetting powerful economic interests, failing to address the underlying causes of the problem. The likely result is trashed landscapes, unmet housing need and soaring rents. Had it set out to destroy people’s faith in democracy and hand the next election to the far right, it could scarcely be doing a better job."
Read carefully - Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market | George Monbiot | The Guardian

"The government’s housing policy creates an impression of action by tearing up the countryside while, thanks to a perennial fear of upsetting powerful economic interests, failing to address the underlying causes of the problem. The likely result is trashed landscapes, unmet housing need and soaring rents. Had it set out to destroy people’s faith in democracy and hand the next election to the far right, it could scarcely be doing a better job."
Read carefully - Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market | George Monbiot | The Guardian

So how can we fight this situation? I mean there're some good solutions listed in there, but it seems hopeless and that it's not going to change, at least for the time being.

Tax AirbNBs and 2nd Homes - and use the cash to build affordable-rent social housing and not 4-bed executive homes.

I agree with you, but I am sceptical that those who are in power and have the influence are willing to address the situation and improve the quality of living standards for the working-class in any meaningful way. In the foreseeable future, the wealth/asset inequality will only get worse and the middle-class will gradually be eroded as well.

Which is presumably why they are going to spend ££ squillions on a runway - something that will have negligible impact on the majority of ordinary beings. Just imagine what that money could do for education, the NHS, social care etc. Shameful.

Go on Zoopla and check the cost of rentals in your area - imagine you were a family with an annual income under 30k and find a 3 or 4 bed house they could afford to rent. Then try this for sales in your area. Especially where there has been a new fancy 'housing development' built that has hiked all local house prices.
Then read this - because this is the impact - ‘Do we want to live in a city without any children?’ — the terrifying reality of London’s school closures | The Standard

Building a new housing development reduces house prices.
Not if its a posh area and they are 4-bed executive townhouses.
There is still no low-rent affordable housing for those on low incomes.

This research finds that in general, building new market-rate homes makes other housing
more affordable. It does so by creating chains of vacancies and moves that can reach
across an entire housing market area. These moving chains improve the availability and
affordability of housing throughout the range of prices and rents, including for low-
income households.
1.5 Building market-rate housing therefore indirectly increases the availability of homes
affordable to low-income households, although not as directly as building social housing
and other kinds of affordable housing.

London.
And the usual self-affirming local government report.

Your self-balancing 'market forces' argument is not the reality.
House prices: the salary you need to earn to buy a home in every London borough | The Standard
"annual income needed to buy a home in London is now £101,080, given that the average house price in the capital is £535,100, which is 2.4 times — or £59,499 — higher than most London salaries."