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> the prospect of Jeremy Corbyn waiting in the wings to become Britain’s next Prime Minister is a rather more relatable bad omen for London property values. Th

> the prospect of Jeremy Corbyn waiting in the wings to become Britain’s next Prime Minister is a rather more relatable bad omen for London property values. This seems to be contradicting itself: it's not a bad thing that house prices come down if they're too high. Arguably they should be brought down if they're too high (ideally in a more controlled manner, no one wants prices to collapse in a catastrophic manner). As such, shouldn't we be welcoming Corbyn's strategy here? > While undoubtedly a lovely sentiment, Jez, making state confiscation threats out loud isn’t great for shifting houses to minted foreigners. As if we should endeavour to endlessly bow to the wishes of foreign investors? Running your own country into the ground and making it hard for your own citizens to live there doesn't do you any favours. Foreign investors should take a backseat to ensuring the people who live and work there can actually afford to and aren't having to suffer exorbitant rents.

tajd 9y ago
It entirely depends on your perspective. I think the article is relatively balanced on either side, both stating the positives and negatives for the property market failing and also making tongue in cheek remarks about Londoners. Personally I think the state stealing property is not a good thing, however, this could be a good thing if you take the opposing view.
- FridgeSeal 9y ago
  Whilst attempting to seem like they're presenting both sides of the argument they do misrepresent what Corbyn says: he's never says or implies that the state will steal the property, he says houses/apartments/etc that are kept vacant would be bought and turned over to residents who need the accommodation. I don't think it's particularly partisan to say that's not a bad thing, in my experience when the government buys something off citizens they usually do it for a very good price, so it's not like it will be taken from them with no notice and no recourse.
  - benmmurphy 9y ago
    if the government enters the property market buying property at market prices it will have the opposite effect and raise prices. i could only see it lowering prices if they 'steal' property by forcing sales lower than the market price.
  - tajd 9y ago
    Ah, I have not kept myself well informed enough. Thanks for clarifying!

tajd 9y ago

It entirely depends on your perspective. I think the article is relatively balanced on either side, both stating the positives and negatives for the property market failing and also making tongue in cheek remarks about Londoners. Personally I think the state stealing property is not a good thing, however, this could be a good thing if you take the opposing view.

FridgeSeal 9y ago
Whilst attempting to seem like they're presenting both sides of the argument they do misrepresent what Corbyn says: he's never says or implies that the state will steal the property, he says houses/apartments/etc that are kept vacant would be bought and turned over to residents who need the accommodation. I don't think it's particularly partisan to say that's not a bad thing, in my experience when the government buys something off citizens they usually do it for a very good price, so it's not like it will be taken from them with no notice and no recourse.
- benmmurphy 9y ago
  if the government enters the property market buying property at market prices it will have the opposite effect and raise prices. i could only see it lowering prices if they 'steal' property by forcing sales lower than the market price.
- tajd 9y ago
  Ah, I have not kept myself well informed enough. Thanks for clarifying!