zlacker

London comes from capital going to it due to very low property tax rates and basically no income tax for wealthy foreign people via 'non-domiciled' resident tax law. Housing becomes a store of wealth / commodity investment vs. a thing you use like a car.

As a result a property investment bubble feeds on itself and creates the london problem.

To reverse that you make it unattractive as a store of wealth and attractive as an active investment via renting it out. And you remove supply creation limits. You would decrease the unfair demand side by taxing them like a typical UK resident.

Also zoning policy usually doesn't help at all with typical height limits.

>>mahyar+(OP)
Also the govt has shown there is a put on property as the UK is a land pyramid scheme.

They bailed out all the banks to prop it up. After this help2buy (help2sell in reality) to have the govt underwrite risk when the banks stepped out.

This isn't capitalism.

>>branch+U
It's the perfect capitalism: private profits, public loses, and then blame it to the non-free market.

>>branch+U
Don't forget 8 years or so of "emergency" low interest rates.