Why the government doesn’t want to solve the housing crisis

18 Jun

There are around 5 million people on social housing waiting lists. 48,000 people are homeless. In 2012/13, house building rates were at their lowest for 100 years. Rents have increased 35% in the last five years and 1 million homes lie empty in the UK. So why is the government not doing anything about the housing crisis?

10414390_10152460730639976_5972111780655865624_n Image: Focus E15 Mothers Facebook

The ‘bubble’ of growth taking place in the UK is a FIRE bubble – built on Finance, Insurance and Real Estate.

It is not being created by jobs, widespread spending or increase in trade.

The bubble is instead, for it’s meagre count and vast ineffect on a majority of the country, built largely on rich people buying expensive houses in London. It is unsustainable and does not mean growth for anyone but the already well off, as the have-nots are priced out of housing, either as mortgages or…

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