A Great British Housing Crisis

Generali

https://tbij.atavist.com/viability

A 'luxury ghetto' on the Thames

Jean Uzoma, a redoubtable 67-year-old community activist, lives in one of Europe’s biggest housing development zones close to the Thames in south London.


From Jean’s fifth floor balcony, imposing glass towers and cranes edge towards her estate both east towards Waterloo and Southwark and west to Vauxhall and Battersea.


As house prices and rents spiral, you’d imagine a huge housing project presents the perfect opportunity to address Britain’s affordable housing crisis.


But Jean sounds almost affronted when asked whether the thousands of newly built flats in her community will provide homes for her daughter’s family who were priced out of the area years ago.


“Don’t be stupid!” she laughs. “Nobody’s going to live there who comes from here.”

Continues.....

wotsthat

Generali wrote: »

Continues.....

...just a bit!

Got to feel sorry for Jean. She was hoping her rent seeking daughter was going to get a subsidised place and it turns out there are less subsidised units than promised and they'll be occupied by the wrong sort of rent seeker.

kabayiri

Of course it's the fault of all those Londoners who allowed their individual parts of London to be gentrified.

The easiest way to keep prices down is to create and maintain a slum area. Northerners have known this for years, which is why we have hell holes up here.

But then....they wouldn't be able to talk about how much their home had gone up by in the last half hour.

purch

Generali wrote: »

Continues.....

Does it have to :eek: