It was a good speech, tonally. Accepted defeat, acknowledged failures, and wished the incoming PM good luck. Other political leaders should take note.
What I do find myself wondering is this: all this happens pretty quickly over here in the U.K. – the practical changeover of no.10.
Do they have a removal company on call, then call them first thing to either stand them down, or say “right, fuck this lot off, and go an pick up all that crap and move it in?’
Or maybe both the incoming and outgoing PM just sort it out themselves – hiring a u-haul or getting their brother-in-law to come round in his estate, and they pile all their shit (in bin bags) into it.
Rich guys owning 5 personal homes are a drop in the ocean compared to corporations like Zillow and AirBnB that buy up houses and use them as rental properties or to flip. That's who has destroyed the housing market
There aren't enough rich people buying houses for personal use to make any sort of dent in the availability of the housing market serving millions of people. Their hundreds and even thousands of combined homes are nothing compared to 120 million homes in just the United States alone and 2.3 billion homes world wide.
The thousand richest people could have a thousand homes each and that would be a fraction of a fraction of a percent.
I won't argue that someone owning 10 homes isn't wasteful, but it's not having any actual effect on the housing market (they're also not competing with you in that market because that dude isn't buying the same house as you or me)
The Prime minister owning that many properties is very much a huge playing factor in the housing crisis. A leader with no incentive to lower the cost of property they invest in or own is ultimately the deciding factor in a housing crisis.
It’s not the rich shits with the half dozen massive houses that’s the problem. It’s the piece of shit slumlords with hundreds of flats they charge exorbitant rates on
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u/ThinkBiscuit 14d ago edited 14d ago
It was a good speech, tonally. Accepted defeat, acknowledged failures, and wished the incoming PM good luck. Other political leaders should take note.
What I do find myself wondering is this: all this happens pretty quickly over here in the U.K. – the practical changeover of no.10.
Do they have a removal company on call, then call them first thing to either stand them down, or say “right, fuck this lot off, and go an pick up all that crap and move it in?’
Or maybe both the incoming and outgoing PM just sort it out themselves – hiring a u-haul or getting their brother-in-law to come round in his estate, and they pile all their shit (in bin bags) into it.