We don’t live in that mess. We are 15min from the beach on the south coast. UK has massive issues with speculative buyers and shady entities parking their money in hard assets, to the point London is nicknamed the laundromat. Oligarch and petro dollar shenanigans galore.
There is also a massive housing shortage across the country. A lot of this is due to NIMBYism as well as artificial scarcity to keep valuations high. The current government had promised 300k new houses per year and for the last decade has consistently managed about half of that. All the while the UK has had mass immigration into the country.
Fun bonus fact. The UK hasn’t had a replacement level birth rate since the 1970s, yet during the last 50 years over the same period, its population has grown by nearly 20%. And they wonder why there are massive cultural & social issues, esp in London.
One of the glaring obvious issues with an economic policy of “growth by any means” society.
Without immigration, isnt the US birth rate at like 1.6?
Not in my back yard rules and regulations, along with state and federal regulations just need to be gutted across the board and in some cases, made outright illegal to implement. HOA's, as much as I make off managing them, should have far, far, less power for example. Then, you have other things like drainage, elevation, animal protections / endangered species type of acts/regulations that are just killing off any chance that an area can supply more housing at a reasonable price. A creek next to a populated city is going to get pollution in it, most likely from run off. Transplant the endangered fucking frogs far the fuck away from there makes far more fucking sense.
The only thing thats popping up lately, and Im guilty of this shit as of last year - is just wealthy people making condo's, town houses and apartment buildings every fucking corner. Mine is small fries in comparison to some of the mega projects that have popped up in Lynchburg. The most recent one not only wiped out an entire forest to replace it with all apartment-like condo's with a high ass HOA fee, but they bought a huge chunk of square footage next to the main road right there. Now that little area has a Chipotle, Starbucks, ABC Store, Sheetz, Oil and Car Wash place, Jimmy Johns, etc. with the main feature being a really pretty looking building that just so happens to be a fucking storage building. Its all owned by the same group of guys and they're already clearing the land in another location maybe 10 minutes away. By the time this all blows over, they'll be worth a fucking ton of money. More so than they are now. (Im jealous as fuck, ya.)
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