Here's hoping for more transparency and analytical rigour with regards to the volume and cost of prime real estate ownership within London (and other cities worldwide)
I hope so too, but I think this is very wishful thinking. If Oligarch owned properties somehow get returned to the market, they'll just get snapped up by a different collection of semi-anonymous billionaires.
Yeah it's not suddenly going to make hosting more affordable sadly. It would be great if investors would be banned from the housing market though. Houses should be bought to live in, not as investments. It used to be like that but due to this practice it's almost impossible for our generation to buy a house now :(
So much this. Shelter is a basic necessity. If someone told you they were supporting a policy because it would cause food and water to outpace the rate of inflation, you would call them a greedy asshole.
Yet when people do this for housing, its accepted as normal.
Agreed; it's not really a free market, in that sense. They share information among themselves and have common interests that they try to develop over time. It's all very shady.
