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Thatchers plan would have worked if and only when:
LAND IS PROVIDED FOR NEW PROJECTS (destination plan on national provincial and local level)
ALL INCOME FROM RENT TO BUY (or similar) IS SPEND ON NEW PROJECTS
ALL PROJECTS ARE GUARANTEED BY THE BUILDER (no excess costs for any reason : sign your profitable contract but then you are obliged to deliver exactly what is promised or you'll never get another gov project again)
Is the problem with housing really supply, or is it that it's an unregulated monopoly where land owners are allowed to leverage their monopoly for uncapped profit?
Depends. In Holland it's very clear, not enough houses are being built for the amount of new/young people needing one.
This is because the destination plans FORCE an area to remajn same usage, business ind, agri, forest/nature, commercial. There is almost no mixing there.
The new projects that do continue are almost always mostly for richer people.
And the poor areas arnt desirable..
None of it is fault of land owners.
At all Ever.
They don't even exist in Europe really.
It's all gov land and destined for something already.
Maybe in usa y o u can blame land owners..