London
Last year, the local government in London, England announced
200,000 new homes will be built, in an effort to ease the
massive requests for housing in the city of 10,000,000
people. It's not that London does not have homes, as there
are millions of well built properties in the city. However,
due to mass immigration over the past several years from the
Middle East, Africa and Britain joining the EU (huge influx
from Europe) there simply aren't enough homes in London.
There's nothing wrong with immigration, as long as it is
accompanied by assimilation.
Many need to realize that everyone can't afford London, as
real estate prices have soared over the past decade due to
the sizeable increase in immigration and should move to the
lovely home counties in England, which is not far from the
capital. I've been to Hertfordshire, Buckinghamshire, Surrey
and Oxfordshire, which all look great.
The government's new pledge to build 200,000 new homes, a
promise that is already underway, needs to have sale
guidelines. Many foreign investors have been buying up homes
in London, England, due to their value. However, locals who
have lived in London, England for many years, are citizens
who are not rich, should get first option on buying the
affordable new homes.
If the houses end up being bought up by big investors, often
in cash sales, they will be flipped for big prices, in
events that will not remedy the housing shortage. The homes
and any government subsidies granted towards purchase,
should be income restricted to ensure hardworking Britons,
who aren't wealthy local or foreign investors, get the
properties. It would be beneficial to Britons if the
affordable housing initiative helps the working class become
homeowners, which is a great thing.
