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fru-gal

Us Investors Set To Sell New Era Estate In London After Protests

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I live round the corner from the New Era Estate. Have you noticed The Guardian STILL hasn't managed to find a single photo that makes it look anything other the bleak, run-down dive it is? The estate needs substantial, sustainable and socially-responsible redevelopment. What it got was cheap media headlines that cynically exploited the residents as badly as the worst excesses of corporate greed. The residents pay slum rates to live in a slum. It appears that's what they want, so that's what they'll get. Nothing. Zip. Nada. They can thank Russell Brand, a gaggle of politicians and The Guardian newspaper for that.

Edited by Orsino

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Another sign of the London housing bubble popping ?

My cynical side make me think that the investors have caught of a whiff of how smelly London property might be in the near term and decided to give it a miss.

I doubt the protests would have changed their mind if there was serious money to be made.

Edited by stormymonday_2011

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It would seem it's all they can afford

I am glad they can keep living in their homes....why should they be forced to move just because the income they earn/receive is less than the norm....good result. ;)

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I live round the corner from the New Era Estate. Have you noticed The Guardian STILL hasn't managed to find a single photo that makes it look anything other the bleak, run-down dive it is? The estate needs substantial, sustainable and socially-responsible redevelopment. What it got was cheap media headlines that cynically exploited the residents as badly as the worst excesses of corporate greed. The residents pay slum rates to live in a slum. It appears that's what they want, so that's what they'll get. Nothing. Zip. Nada. They can thank Russell Brand, a gaggle of politicians and The Guardian newspaper for that.

Better than them paying high rates to live in a slum which is what most of the PRS in London is these days (and I should know I am a tenant and have lived in 5 different PRS properties in the last few years).

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Well, I suppose everyone's happy then. The capitalists get to keep their money; the taxpayer keeps the housing benefit bill down; the Islington Guardianistas get to feel all warm and fuzzy inside; Russell gets his publicity and the residents of the New Era Estate get to stay in their low-rent, sub-standard squalor. Shrugs.

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I live round the corner from the New Era Estate. Have you noticed The Guardian STILL hasn't managed to find a single photo that makes it look anything other the bleak, run-down dive it is? The estate needs substantial, sustainable and socially-responsible redevelopment. What it got was cheap media headlines that cynically exploited the residents as badly as the worst excesses of corporate greed. The residents pay slum rates to live in a slum. It appears that's what they want, so that's what they'll get. Nothing. Zip. Nada. They can thank Russell Brand, a gaggle of politicians and The Guardian newspaper for that.

Rent rises to find redevelopment are the 'private sector' names for tax and spend, only without the democratic oversight.

Seems odd to me that so many who are in favour of one are totally opposed to the other, even though they are actually the same.

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