Housing
October 20, 2015

Item from Ian: Housing Crisis in London

An interesting addendum to the cost of housing elsewhere:

According to an insight study performed by the think tank New London Architecture, the dimensions of the London housing crisis are spectacularly bad: 80 percent of all new homes are only affordable to 20 percent of residents, while a near majority of all renting households are living in poverty. The study predicts that the city will add 70,000 residents per year, resulting in a total population of 11 million by 2050 (an increase of 2.4 million from this year’s population of 8.6 million).

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Billionaire investors aren’t helping the housing shortage: 61 percent of all new homes are bought as investments, without any intention of being occupied by the owners. However, not all is lost: London’s relatively low urban density makes it an ideal place for increased housing development, provided that the housing can actually be afforded by the people who intend to live in it.

I wonder what the numbers would be here?

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Ian Robertson is a regular contributor of items to PT – hence the recognition.  Like this one: . Guerrilla Bike Lane Made With Flower Pots Forces City’s Hand To Take Pro-Cyclists Measures

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A Boston cyclist was sick and tired of riding his bike all over town on dangerous stretches of road that were not built for cyclists and their needs. He decided to take matters into his own hands and the results are absolutely fantastic!

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