gold bricks: Everybody wants a piece of this populist narrative, including voices on the left, according to The Guardian. Mayor Sadiq Khan himself has cheerfully cranked out those crowd-pleasing lines about luxury housing units being stacked up like gold bricks both before and since he got elected back in May. Assigning blame to speculators from distant lands said to purchase job lots of posh flats in skyline-wrecking towers then coolly leave them empty as their value goes through the roof reveals a Ukip streak in a Remain-voting city where 37% of people were born abroad and over 300 languages are spoken. How interesting, then, to report that his recently announced inquiry into the impact of foreign property investment in London recognises that reality might not bear out the rhetoric. Paragraph two acknowledges public concerns about the role that overseas money plays in London property market, but goes on: The GLA wants to ensure any discussion of policy responses is underpinned by clear evidence and understanding. We welcome investment from around the world in building new homes, reads the first paragraph of a ten-page briefing document sent out by City Hall housing and land directorate to universities and other bodies that might be interested in bidding for the £40,000 research job.
(news.financializer.com). As
reported in the news.
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