London house prices are becoming unaffordable for working class people. We are seeing people whose families have lived in London for generations being forced to leave the city they were born in. This is totally wrong in a civilised society!
So far hundreds of people on housing benefit (HB) including unemployed and disabled have been forced to leave families and relocate to places like Birmingham, Luton and the North West. This is because the Tory HB cap can not meet extortionate rent and mortgage rates.
Soon working people will not be able to afford living in London where they grew up or have lived for generations. People will soon need living wages of at least £30 ph to pay rent or mortgage arrears.
Prices are being driven up rapidly by idle rich often form outside London buying up lots of properties as investment. Should people be limited to only owning one property in London?
Former council tower blocks are been taken over and turned into luxury penthouse suites, and residents being forced out. Should this be stopped?
Should there be areas in London only available to people on low incomes where property investors or multiple home owners are barred?
If this continues London will be without a workforce, who will drive buses, stack supermarket shelves etc as low wage people won't be living in London?
Read more: What can be done about the housing crisis in London, should there be affordable zones?
