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On the other hand, housing occupancy rates are still high, arguably too high, despite the high cost of housing. For whatever reason, people deem it worth it to
by cameronh90 3y ago
On the other hand, housing occupancy rates are still high, arguably too high, despite the high cost of housing.
For whatever reason, people deem it worth it to pay such high rents to remain living in London. London's population is still growing, albeit slower than before the pandemic.
- vidarh 3y agoI'm guessing part of the challenge is that rental demand is fairly elastic in that people who might well want a house might be ok with a flat and put up with a flat share for the sake of a location they want or feel they need (e.g. due to work; family commitments etc.), and so even as people get squeezed out of the housing they want it might well take a lot before they move elsewhere.