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Here's hoping for more transparency and analytical rigour with regards to the volume and cost of prime real estate ownership within London (and other cities wor
by jka 5y ago
Here's hoping for more transparency and analytical rigour with regards to the volume and cost of prime real estate ownership within London (and other cities worldwide)
- smcl 5y agoI hope so too, but I think this is very wishful thinking. If Oligarch owned properties somehow get returned to the market, they'll just get snapped up by a different collection of semi-anonymous billionaires.
- jka 5y agoAgreed; it's not really a free market, in that sense. They share information among themselves and have common interests that they try to develop over time. It's all very shady.
- colechristensen 5y agoBut fewer of them. Shrinking demand is good.
- GekkePrutser 5y agoYeah it's not suddenly going to make hosting more affordable sadly. It would be great if investors would be banned from the housing market though. Houses should be bought to live in, not as investments. It used to be like that but due to this practice it's almost impossible for our generation to buy a house now :(
- brigandish 5y agoI agree, though I also wonder what could be the unintended consequences.
- bcrosby95 5y agoSo much this. Shelter is a basic necessity. If someone told you they were supporting a policy because it would cause food and water to outpace the rate of inflation, you would call them a greedy asshole. Yet when people do this for housing, its accepted as normal.