I used to live in London... and the fact that Tower Hamlets council tax was LOWER than slightly farther out of the city centre is ridiculous. The luxury flats

I used to live in London... and the fact that Tower Hamlets council tax was LOWER than slightly farther out of the city centre is ridiculous. The luxury flats had no effect on supply - because it wasn't nearly enough. Getting government approvals is hard and then you have low council taxes in London. And closer to the city centre - the lower the council taxes! Let alone - 22k is literally a drop in the bucket. It wouldn't make a damn difference in a city of 10mil!