Consider how many middle class people became homeless during the 2008 mortgage crisis, and what a trauma it was when successful people became "street bums" in a matter of months. Your entire life's work snapped up by banks leaving you with just the clothes on your back.

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♲ Miss Gayle - 2024-11-03 19:07:38 GMT

"Don't let this shock you, but sweeping #homeless people out of their encampments does not actually solve the problems that left them unhoused, and often makes them worse."projects.propublica.org/homele…

#Housing #Affordability #Homelessness #CivilRights #HumanRights
#homeless people out of their encampments does not actually solve the problems that left them unhoused, and often makes them worse.</p><p><a href=">https://projects.propublica.org/homeless-encampment-sweeps-taken-belongings/" title="Don't let this shock you, but sweeping #homeless people out of their encampments does not actually solve the problems that left them unhoused, and often makes them worse.https://projects.propublica.org/homeless-encampment-sweeps-taken-belongings/">

#housing

#affordability

(https://wtop.com/business-finance/2022/12/nonprofit-acquires-dc-luxury-apartments-for-affordable-housing/)

Liberalise planning rules to fix a #housing #crisis – sounds logical, but it won’t work

https://www.theguardian.com/commentisfree/2021/jul/06/government-reforms-planning-laws-help-housing-crisis

The government response to soaring inflation is to promise to build more #homes at speed by loosening the planning system. It is a “supply side” solution, which sounds logical: rapidly increase the number of homes being built and prices will inevitably come down. It is a highly contentious approach, which cost the Conservatives the Chesham and Amersham byelection, but it sounds as if it should work.

The problem is that the housing #market does not function like a pure market, and while the #UK does have some of the highest prices in the world the #affordability crisis is not a peculiarly British issue; it’s a global problem, with an index by the property consultants Knight Frank revealing that global residential prices have risen by more than 60% in the past 10 years.

Cities around the world, from Auckland to Vancouver, are facing an affordability crisis, with huge price rises and extreme gentrification in cities linked to global capital flows and foreign investment rather than local circumstances. This ensures that increased supply will not bring prices down; the new luxury apartment complexes that now characterise British cities such as London, Manchester, Bristol and York, to name but a few, remain out of reach for the majority of house buyers. Many are sold “off plan”, straight to foreign investors, before they have even been built.

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#capitalism