"who’d a thunk it"
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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There is no social housing left. Meanwhile, people are having to put up to 80% of their salary towards private rent in some parts of London, according to this 2019 article:
https://metro.co.uk/2019/06/26/map-shows-much-salary-spend-rent-different-areas-london-10072789/
If anyone can find up to date figures, please share.
We should absolutely repossess every single one of them
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.