Wait a minute! I thought unaffordable housing in Britain was caused by a lack of supply. But here the council are painting fake windows and doors onto abandoned properties to cover up local decline. 🤔
Bald & Bankrupt's latest video chillingly highlights the demise of British towns. Instead of boarding up houses, councils are now disguising the decline by painting on fake windows, curtains and doors.
@SohrabAhmari
I.e. the main ‘supply’ problem is just an extremely lopsided regional development strategy. Not hard to build a rail line to a town like this, for example.
@philippilk
Given the way infrastructure and social housing work in Britain, I think there's a case to be made that housing supply outside of major metro areas functionally doesn't matter. Nobody can be made to move there no matter the price dynamics.
@philippilk
A lack of affordable supply where people want to live and work. That video is the poster for rapid deindustrialisation without any thought to how the jobs that were lost would be replaced.
@philippilk
That's an old mining village in County Durham. The community & and its houses were built around the colliery and since the mine closed in the 1980s the community has no reason to exist anymore. People started moving away for work leaving empty houses 1/2
@philippilk
years of aid to poor regions rather than tax breaks for companies that set up there. Ireland did it the other way and are now the second richest country in the world on a PPP per capita basis.
@philippilk
The lack of supply relative to demand is in other locations, not there. Another factor is the quality of housing of that street is atrocious yet the location is no economic advantage over the middle of the countryside
@philippilk
Regional inequality has the same cause as the housing crisis. The unjust (unequal) distribution of the returns to land among society. As mitigating this inequality also results in taxes on output, a disaster for our economy too.