New development at Hardess St / Wellfit St, Loughborough Junction: 2024 planning application

[wemakeyousoundb]

There is no solution to the housing shortage except to build more actually affordable social housing to stop the buy to let vampires purchasing everything at inflated prices.

FTFY

 

[Tulster218]

FTFY

No. You've changed what I said to some nonsensical scapegoating.

I literally posted a link to a market price two bedroom semi-detached house on sale for for £65,000. If we built more housing in London we could have that sort of thing here too. Price depends on supply and demand, not landlords being vampires or whatever.

 

[prunus]

No. You've changed what I said to some nonsensical scapegoating.

I literally posted a link to a market price two bedroom semi-detached house on sale for for £65,000. If we built more housing in London we could have that sort of thing here too. Price depends on supply and demand, not landlords being vampires or whatever.

Only if the new builds are socially owned and/or at least rent controlled. Otherwise what do you think will happen to them?

Landlordism is the root of housing prices in a free market, not number of houses.

And if we can introduce rent controls in theory in such a scenario, any reason why it couldn’t be done without building more houses?

The interaction of the risk-free rate and the amount people will pay to have somewhere to live is what determines the price. The demand side of the supply demand equation includes the demand of landlords.

 

[WouldBe]

Price depends on supply and demand, not landlords being vampires or whatever.

And when landlords snap up loads of properties then that reduces the supply and pushes prices up.

 

[technical]

Uncontrolled building across London would be an environmental disaster in the long run and would simply create the slums of the future.

 

[Tulster218]

I've taken these comments to a different thread.

==================> https://www.urban75.net/forums/threads/the-housing-crisis-london-and-beyond.383004/page-6

 

[teuchter]

The planning application is out for consultation again (deadline this week I think) as they have made some revisions to the design, summarised in the document (split into two parts) here:

https://planning.lambeth.gov.uk/onl...73_FUL-PLANNING_REVISION_-_PART_1-3226253.pdf

https://planning.lambeth.gov.uk/onl...73_FUL-PLANNING_REVISION_-_PART_2-3226255.pdf

There are not really any substantial changes, certainly not any that will satisfy most people who have objected to it.