How there haven't been more riots yet I don't know

antrobus

Windofchange wrote: »

The corruption and greed continues at pace in London.

https://www.vice.com/en_uk/article/every-flat-in-a-new-south-london-development-has-been-sold-to-foreign-investors

Riots?

From what I recall of the London riots of 2011, they consisted of a bunch of people looting shops and setting fire to them. I would have said that was a much better example of "corruption and greed".

Windofchange

The apathy on here to what is happening across the capital is depressing. Even if you're not going to build anything affordable, at least sell the flats to citizens of the UK? Or at the very least give nationals an equal chance to buy as opposed to selling the lot 2 years prior to UK launch at a cocktail party in Singapore?

For those of you with a spare hour over Easter, have a read of the original report and then comment - this isn't sensationalist nonsense, this is actually happening across the city.

http://www.transparency.org.uk/publications/faulty-towers-understanding-the-impact-of-overseas-corruption-on-the-london-property-market/

"Prices start in Elephant Park at £569,000 for a studio flat and go higher than £1 million, meaning the homes are out of reach to those on the average Southwark wage of £34,139."

"Land Registry data confirm that the initial off-plan sales in the development are dominated by overseas investors: all current beneficiaries listed have their address listed as ‘care of 2 Tower St, London WC2H 9NP’, 203 which is the address of Riseamsharples, a property firm who lists its business aim as “to specialise in advising Asian and other offshore investors in purchasing London property”

Is there not even a tiny part of any of you that thinks this is a bit wrong?

Cornucopia

Windofchange wrote: »

Is there not even a tiny part of any of you that thinks this is a bit wrong?

It's not a question of whether its right or wrong, but what the alternatives are. What is it that you want to happen?

economic

oh why wont anyone think of the poor londoners who arent given a chance to buy a new built (which usually sell at a premium) in elephant and castle (a gentrifying zone 1 location)????

seriously you really cannot take all this seriously. i just find it amusing .

Windofchange

Cornucopia wrote: »

It's not a question of whether its right or wrong, but what the alternatives are. What is it that you want to happen?

I've already said. Put everyone on an even playing field. If you are going to bulldoze an area and build new flats, launch them everywhere at once. Don't sell the lot off plan 2 years before they are available to UK citizens to purchase. If nobody in the UK can afford the places then fine, another tower block like nine elms with all the lights off, but at least give the citizens of this country a chance to buy?

With regards to the existing community - no of course you're not going to gift them a million pound luxury flat. I'm not advocating that. However, maybe pay them in line with what things are worth? If right to buy discounts were involved at time of purchase then take that discount off market value. To take the case of the one bedder purchased for £80k with a value of around £300k. The maximum right to buy discount is £104,900 in London boroughs, so maybe pay the guy £200k for his flat?

PasturesNew

While I could appreciate that tatty ex-council block flats with dwindling residents as council tenants are moved out have low value, what the people who bought them had was "four walls and a roof over my head that I chose, in a good location, to stay for life". To insist they move out, get paid peanuts and find they can't buy anything/anywhere within 20-30 miles for that money is just rude.

The best solution would've been to move them out and build them a new block to share, something "of basic build construction" on a corner of the new development, so they still at least had what they started with "four walls and a roof over my head that's where I chose to be". So long as the square footage was about the same size/configuration of what they started with that'd have been preferable to a pile of cash and nowhere to go to.

I have a friend on Colindale, his mum'd bought their flat - and they were stuck there, unable to sell/move for many years waiting for the date they'd be forcibly told to leave so it could be demolished....that was 15 years ago .... I wonder if they're still sitting in a flat they can't sell, waiting.

Arklight

I don't approve of rioting and it wouldn't take such to effect some change in this country.

What it would take is for British people to turn off the TV, stop gawping at Facebook for ten minutes, and make the arduous ten minute walk to their local polling station to go and vote in their own interests.

But every year or so 70% of them just can't be bothered.

I've been canvassing recently and the level of political apathy among working lower income people who are clearly being shafted by politics is shocking.

Simply nothing will change unless they vote. It's that simple.

PasturesNew

Arklight wrote: »

.... go and vote in their own interests.
....

I've never voted - until that Brexit vote; I did that one.

I've never voted because no matter who gets in they do "stuff I'd not wish them to do". None of the parties are offering anything "for me". Also, anybody who says they will do something lies.

On balance - they're all the same; none will do anything "for me" and/or they're all lying anyway.

What's the point?

It's like choosing whether to be kicked to death, or beaten to death .... same result, something you'd have not chosen to occur.

Windofchange

economic wrote: »

oh why wont anyone think of the poor londoners who arent given a chance to buy a new built (which usually sell at a premium) in elephant and castle (a gentrifying zone 1 location)????

seriously you really cannot take all this seriously. i just find it amusing .

I'll leave it to others to disseminate the stupidity of what you have just posted. You can't spell, you can't punctuate and I can't be bothered with you anymore.

economic

just another thread by BagofWind for a problem that is not really a problem.