The best part about this piece was that the journo seemed to grasp the concept that the whole "lack of supply" argument is bunkum.
He even read out a text from a viewer saying that high house prices are a product of
OVERSUPPLY OF CREDIT AND NOT UNDER SUPPLY OF HOUSES.
EXACTLY - this is the point !! And it seems to be getting through to the media. And in this program, maybe even the MP

, I hope the govt gets the message.
Though I think the financial industry will be correcting this problem itself via the credit crunch anyway.
FP's tactic of saying little, but using words carefully is the best way forward.
The public like sound bites. Everyone understands them.
FP probably needs a sound bite answer to the "but you have been predicting a HPC since 2005" argument. But just ignoring it was the best way forwards in this case.
(I am also just transcoding a copy.
But I see that paulm beat me to it. Thanks paulm ! )