I think you're right but supply alone isn't enough. Density is another issue. We need to learn to build up. Commutes are getting crazy and sprawl is intense. Most people who I know to own their own property end up so far from london they barely ever go in, only ever coming in for work because they have to. They let their connection wither and lead less interesting lives.
jajko|1 year ago
I for example hate places like London with moderate passion, living there I consider very low quality life and certainly prefer touch with real nature, no crowds, little to no air/noise pollution, and society being more... social, to certain point of course.
40 minute commute 2x a week is fine with me, most Londoners have way more (not from there nor GB, what I write applies to all big cities to some extent). For raising kids there is no discussion, cities mostly suck despite all benefits and many kids from there show it very clearly.
dukeyukey|1 year ago
abenga|1 year ago
denotational|1 year ago
They don’t want to build more, because they would also have to lower their service charges significantly or see them fail to sell once they’ve saturated the section of the market that can afford them.
ta1243|1 year ago
Each year we had an AGM where we elected directors (I was one for a few years) and make the appropriate decisions.
Ground rent (especially those expoential ones) is a problem, but all leaseholders have a right to manage their flats even if it's not set up that way.
The far bigger problem is the fleecehold houses, where there is no right to manage, or even see the invoice -- https://inews.co.uk/news/housing/new-build-homeowners-nda-so...
ta1243|1 year ago
However if the entire of Greater London suddenly became as dense as wesminster you could house another 9 million people.
happymellon|1 year ago
If we were able to get a better network of transport it would unlock a lot more of the country where there is land, and there is already empty housing.