Emeritus Prof Christopher May on Nostr: UK Housing markets (ownership & rental) are dysfunctional: Rents are rising as fewer ...
UK Housing markets (ownership & rental) are dysfunctional:
Rents are rising as fewer landlords are entering the market slowing down supply of rentable homes;
house prices continue to rise pushing people towards rentals, driving up demand;
rents, mortgages & other household coats are rising forcing more into effective poverty (or near poverty).
It all looks like a continuing transfer of income from workers to property/share owners....
So perhaps functional for them, then!
#housing
Rents are rising as fewer landlords are entering the market slowing down supply of rentable homes;
house prices continue to rise pushing people towards rentals, driving up demand;
rents, mortgages & other household coats are rising forcing more into effective poverty (or near poverty).
It all looks like a continuing transfer of income from workers to property/share owners....
So perhaps functional for them, then!
#housing