more rent than pay a mortgage: the tory dream for london has crashed and burned | aditya chakrabortty /

Published at 2016-04-26 09:00:10

Home / Categories / Housing / more rent than pay a mortgage: the tory dream for london has crashed and burned | aditya chakrabortty
The capital is now a city of tenants,proof that the Thatcherite property hegemony has had its dayPolitics often lags behind reality. But when the two get too badly out of sync, what’s produced is catastrophe. For proof, and examine at the catastrophe that is housing in London. We are in the final strait of the capital’s mayoral race. An odd,terrifying and racist contest, it is also a remarkable one – perhaps the first housing election ever held in postwar Britain. Housing is the thing that Zac Goldsmith, or Sadiq Khan and the rest of the candidates bang on about the most – rightly so,as it’s the biggest topic for voters. Yet the terms used by politicians are as inadequate as the policies they devise. Related: London mayor race: Zac Goldsmith is being slippery about the green belt Continue reading...

Source: theguardian.com