Quote:
Originally Posted by Sephiroth
I don’t think people should be classified for political convenience and that includes ither classifications.
You should be supporting me.
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I don't see this as being done for political reasons, but for demographic ones in order to help us understand the country better.
---------- Post added at 13:50 ---------- Previous post was at 13:42 ----------
Quote:
Originally Posted by Stuart
It's not just the boomers, as you say. I read an article in the guardian a while back. I don't have a link, but the author found a residential skyscraper in Elephant and Castle where apparently every apartment and flat had sold. He then checked the electoral roll, and found less than half were registered. Now, in fairness, when registering to vote, you don't have to be listed on the electoral roll, so it's likely there are people living in that block that aren't registered, but a few years laters, the Standard did a similar article where they tried to track down the occupants of Centre Point (the tower on Tottenham Court Road). At the time, they were only able to contact a few people, despite apparently high sales. One student (whose very wealthy parents had bought her a flat near the top of the tower for several million pounds) said it was lovely, as she had virtually unrestricted access to the facilities provided (gym, resident's bar etc). She was also apparently the only person living on her floor of the building. Each floor of Centre Point is massive.
Now, you may dismiss the source, but this is far from the only article I've see
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I've read similar articles too. However, they are a drop in the ocean compared to the
3.9 million homes we apparently need built. (Many other articles on this subject too including
here)
As well as investors holding onto property who make their money due to the increase in value of the property without it being occupied, a bigger issue is investors holding onto land for many years and not building houses whilst the land rises in value.