Editor’s Note: Ex-Labour Party MPs Jeremy Corbyn and Zarah Sultana have announced that a new left-wing party will soon be founded in Britain. Corbyn, who was previously the leader of the Labour Party, said, “For too long, people have been denied a real political choice – not anymore.
I agree with pretty much everything you say except the immigration thing.
If you actually look at the statistics rather than listening to all the rhetoric you’ll realise that immigration into the UK really isn’t a problem. The main problem with the housing market isn’t immigrants who make up a tiny fraction of the people looking for a house, the main issue is that consecutive governments for years on end have not built enough houses.
The reason for this is actually pretty simple, it doesn’t cost much more money to build a house that will sell for a million pounds than a house that will sell for £100,000, so contractors build loads of expensive homes because it’s more profitable. What the government needs to do is force a minimum number of affordable houses to be built per year. Make it so they have to build affordable homes
A land value tax would fix this
It wouldn’t though because rich people are rich. They can afford to be extravagant, they all moan about it but ultimately just consider it the cost of doing business.
You would actually have to implement laws that directly instructed affordable homes to be constructed, trying to pussyfoot around the issue will just result in it not working.
Just limit foreign investment in real estate, practically half of London is owned by russian, arab and chinese billionaires. Other countries don’t allow owning property if you don’t live there or tax the shit out of second and third homes.