Sunday, Jan 27, 2019

50% of ex council houses in London are privately rented

The Enfield Independent: Calls for Right to Buy to be axed in a bid to stop housing crisis

Councillor Nesil Caliskan, the 30 year-old council leader of the glorious republic of Enfiled has called for Right to Buy to be axed. Far too feeble in my view - in order to reverse the policy they need to be bought back into public ownership (with a 60% discount. of course). Just imagine the effect this would have on house prices.

Posted by cyril @ 08:44 AM (603 views)
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1. techieman said...

Cmon Cyril you're not serious are you ?

Sunday, January 27, 2019 09:17AM Report Comment

2. jack c said...

I think we should wait and see what the Esquire of Enfield has to say about this !

Sunday, January 27, 2019 10:52AM Report Comment

3. libertas said...

Meanwhile, Enfield is spending millions building Council homes that they know will be purchased on right to buy for buy to let.

Sunday, January 27, 2019 11:12PM Report Comment

4. mrcaviar said...

Forgot this still existed, likely abused in the past

Wednesday, January 30, 2019 07:18PM Report Comment

5. libertas said...

Meanwhile, looking at charts on Rightmove, it really does look like the present plateaux in north east London is about to break out into a new bull market.

Over ten skyscrapers being built in the City and also the same number in Canary Wharf. The biggest is big enough for 12,000 employees on Bishopsgate. Literally around 100,000 new desks being created in both centres.

Unbelievable construction going on and yet Crossrail is not ready. I predict that many of the rich new employees will seek employment on the Overground route from Dalston in the north to Peckham and Crystal Palace and the Overground route up to Stoke Newington and Chingford, with there also being a flow of workers from Tottenham Hale, which is about to get a doubling of train services to Stratford, from where people can reach Canary Wharf. I think the suggestion that these city folk will want to live along the Crossrail line at Ilford, Romford and the like is laughable, I think most will want to live in south London, Hackney, Walthamstow and western Enfield and come in from beyond London.

This will displace tens of thousands of hipsters from places like Hackney following their recent eviction from Shoreditch in the last decade. These folk are already priced out of Walthamstow, so will flood into Tottenham, Edmonton, Leyton and Enfield in the north east, with some forced out of London entirely and a large quantity of folk pushed out of places like Peckham into places closer to Croydon. With Crossrail coming to Abbey Wood we will see a huge displacement into cheaper parts of Bexley that lie between Woolwich and Dartford.

In short, I think you will see some of the inner new up and coming places getting gentrified beyond hipster, with the hipsters moving into the last parts of London to be up and coming.

As soon as Brexit is over, people will start investing again and it will be the new skyscrapers in the City and Canary Wharf that drive a huge boom in north east, east and south east London, bringing it towards a greater parity with west London as, like Brooklyn in New York, it balances its rough around the edges character with exciting, diverse things to do.

Friday, February 15, 2019 08:12PM Report Comment

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