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That's not how it turned out in the UK. As this graph illustrates, when the local government authorities were prohibited from building more housing, from the 19
by crumbshot 5y ago
That's not how it turned out in the UK. As this graph illustrates, when the local government authorities were prohibited from building more housing, from the 1980s onwards, the private sector didn't pick up any of the slack: https://i.stack.imgur.com/MmJ5N.png https://i.stack.imgur.com/MmJ5N.png
The capitalists instead decided to optimize for steadily increasing the price of housing by restricting supply, so these are now primarily seen as an investment with nearly-guaranteed returns, rather than places for people to live.
- southerntofu 5y agoAnother piece of data, from the Netherlands, where office space vacancy has significantly increased since making squatting illegal back in 2010: https://en.squat.net/2016/05/27/netherlands-housing-crisis/ https://en.squat.net/2016/05/27/netherlands-housing-crisis/
- UncleSlacky 5y ago> an investment with nearly-guaranteed returns, rather than places for people to live. Or "magic coin-shitting machines", as Charlie Brooker so pithily put it.