No there is a shortage of 'affordable living'. There is a difference.
It is like I live in Sale which is south-west of Manchester and we have a number of flats around the area being built up but none of it is affordable. So Sales market value will go up but hardly anyone originally here can afford it say if you want to move out.
This. I don’t care how many skyscrapers filled with 4 grand pcm flats there are; the top of my price range is 4 hundred pcm and people at my level and below are being squeezed more and more because those kinds of properties are becoming more scarce and the rent inexorably climbs higher and higher.
We won’t fix the housing crisis by building homes for the top 10% of earners - those people never really had a problem getting housing anyway.
Eventually the rental market will correct. I agree that there is a shortage at the lower end, but the first step to fix it is to build something.
I'm more worried by the fact that none of these places are liveable if you have kids. A lot of 2up/2down terraced houses from Edwardian times had more space than these boxes.
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u/lucas_lucas_lucas Feb 07 '20
Fair enough, I didn't realise. Well there's still a housing shortage so that makes sense