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For discussion about London including the surrounding Greater London area. Discuss all things from news, travel, culture, and general life around the capital and largest city of England!

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Action on Empty Homes figures for London 2024 (www.actiononemptyhomes.org)

submitted 1 week ago by DakRalter to c/[email protected]

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[–] DakRalter 3 points 1 week ago

Buying homes as investments really needs to be de-incentivised. Mega tax on residential properties that aren't occupied by the owners? I don't know enough to know the answer, all I know is that renting costs way more than monthly mortgage repayments, yet I'm on a low wage and wouldn't get accepted for a mortgage. Meanwhile greedy private landlords are making renters pay off their mortgage at a profit.