Because it's political suicide.
All those middle-England, home-owning voters? Those voters that all the major parties are trying to attract?

They're the ones who'll risk losing their houses. Many, many people were mortgaged up to the hilt before 2008, either with their own homes or their buy-to-lets, banking on the bubble continuing in order to make profit. The inevitable happened and they're casting around for somebody to blame that isn't yourself because this is the age of zero accountability.

The party that makes the decision to allow the housing market to collapse loses power. People have long memories, the Tories have never shaken the image Thatcher got them. Nobody wants to be at the centre of that shitstorm.
( Kroney, Thu 21 Mar 2013, 16:07, 3 replies, latest was 12 years ago)

swipe might

( Naked Ape call me Caitlyn, Thu 21 Mar 2013, 16:08, Reply)

I could sell it to the electorate.

(PsychoChomp, Thu 21 Mar 2013, 16:15, Reply)

No you couldn't
And anyway, the problem won't be rectified by a collapse in the housing market, becuase London and the South East will remain utterly unaffected, and it's London and the South East that are the problem.

When people say "house prices are overinflated" they mean "house prices in the South East of England are overinflated"
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 21 Mar 2013, 17:12, Reply)

They might not have shaken the image
they're still back in power.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 21 Mar 2013, 17:13, Reply)