Fluctuation0161
Full Member
The housing problem is down to the simple fact that not enough social housing or council housing has been built. Last 10 years has seen a massive dip in rate of production for social/ Council housing.Agreed this only really occurs in London in the big lavish houses where the rental yield is relatively small and the upside capital appreciaton can be vast. Mostly owned in offshore companies by wealthy foreigners who look to diversify their portfolios.
As you say why would you sit on an empty property additonally the locations he’s brought them, rent defaults aren’t likely and Rashfords PR team won’t let them be empty.
There is a housing problem and it’s based on the ancient planning system however this has got slightly better with the easing of regulations due to COVID.
I agree there needs to be oversight to ensure quality new build housing but it can be much much more efficient.
Why can’t the government step in, allocate green belt land for social housing and own the estates, SIMPLE. I guess they won’t be lining the pockets of the people who keep them in power if they did that I guess.
Anyway the daily mail can fakoff.
I hope you are joking about building on the green belt, plenty of brownfield sites would fit the bill.