Quote:
Originally Posted by nomadking
As I pointed out, the properties bought purely for investment are high-end ones, so no real impact on availability. People are living in the social housing that was sold off, so again no impact. Enough are being built, but you can't let in this many people for there not to be a problem. Especially when so many of them make no real contribution to the country, apart from the crime rates and benefits bill.
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Although they are using land which could have been used for affordable housing. Maybe not in the most prime locations, such as Hyde Park, but there is little reason to build high-end apartments in Stratford (London) other than profit. To be honest even high-end isn't a big problem, people should be allowed to buy and live in nice houses/flats, so long as people live in them.
Reduce the land available for high-end development and increase taxes on those who buy from abroad. Stop it being used as an investment. It's mad.