The UK’s failure to balance regulation, oversight, and planning is highlighted by insane plans to dig a non-economic quarry in the centre of a prosperous village with no upside except to prioritise shareholders over residents.
The UK housing market is at its’ highest income multiple since the 1850s, at a time when real incomes have flatlined for 2 decades, and mortgage borrowers are levered higher than ever – its set for a wobble, sustained only by supply shortages. If it crashes.. all bets on the UK will need re-examined.
Markets are in wait and see mode – inflation, rates, earnings and all the rest weigh upon them. Back in the real world, the economic reality for young workers trying to find housing security in London feels more and more broken.
Part 2 of the London Rent Crisis. London, and whole UK housing market, is broken. Demand greatly exceeds supply allowing rotten greedy landlords to game the system and abuse tenants. Can it be fixed – absolutely…
The UK housing market is red-hot, up 13.4% over the last year. But its fuelled on stamp-duty holidays and ultra-low rates. Will it hurt? If so… how much?
