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And as well as just not building enough! If you add more people to a city, but don't add more housing or fast commute then prices will go up. Basic lack of supp
by jerven 8y ago
And as well as just not building enough! If you add more people to a city, but don't add more housing or fast commute then prices will go up. Basic lack of supply and rising demand...
- Ensorceled 8y agoBuilding enough is impossible with enough speculation. In Vancouver, the city would plan for 200 new condo units and see 100+ of those units get snapped up by real estate speculators and left empty.
- Jaruzel 8y agoThe home counties are stuffed to the gills with housing already. The right answer is better high-speed commuting services (not HS2 though; that route doesn't help anyone). We need fast train services to places in the UK where the population is quite low. Then incentives to get business to set up shop there. Once the jobs are there, the people will follow. There is 20 times the amount of people in London, than there is in the northern counties (per sq mile) - we need to stop cramming everyone into the South East.
- dazc 8y agoAgree entirely, as do many sensible people, yet what is happening is the exact reverse. The North of England, for example, would have benefited greatly from a fast rail service but it's a can that's been kicked down the road for the past couple of decades.