{"id":28501,"date":"2016-10-04T16:48:35","date_gmt":"2016-10-04T09:48:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-blame-foreign-investors-the-roots-of-the-housing-crisis-lie-closer-to-home-david-madden\/"},"modified":"2016-10-04T17:06:44","modified_gmt":"2016-10-04T10:06:44","slug":"dont-blame-foreign-investors-the-roots-of-the-housing-crisis-lie-closer-to-home-david-madden","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-blame-foreign-investors-the-roots-of-the-housing-crisis-lie-closer-to-home-david-madden\/","title":{"rendered":"Don\u2019t blame foreign investors \u2013 the roots of the housing crisis lie closer to home | David Madden"},"content":{"rendered":"


\nSadiq Khan\u2019s investigation into the London property market is a distraction. The housing bubble has been created by the actions of British politiciansIn a city where super-prime properties and tenant evictions are both on the rise, the housing system is broken and many residents are looking for someone to blame. For Londoners, rent consumes nearly two-thirds of the typical tenant\u2019s income, and it will take 46 years for the average single person to save for a deposit on their first home. With overseas buyers acquiring as much as three-quarters of all new-build housing in London in recent years, it is understandable that foreigners would be cast as the villains behind the housing crisis. As a result, the London mayor Sadiq Khan last week launched an inquiry into foreign investment in the city\u2019s housing market.Londoners are not alone in questioning the impact of global investors in local housing markets. The issue is being politicised in cities throughout the world. In Vancouver, Canada, where single-family homes cost around 21 times the region\u2019s median income, the city introduced a 15% tax on non-resident foreign property owners this August. Australian states that encompass Sydney, Melbourne, and other cities have also introduced or raised taxes on house purchases by foreigners. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Don\u2019t blame foreign investors \u2013 the roots of the housing crisis lie closer to home | David Madden<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sadiq Khan\u2019s investigation into the London property market is a distraction. The housing bubble has...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28501","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7pH","jetpack-related-posts":[{"id":32549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-housing-sadiq-khan-research-brief-recognises-need-for-overseas-investors\/","url_meta":{"origin":28501,"position":0},"title":"London housing: Sadiq Khan research brief recognises need for overseas investors","date":"November 1, 2016","format":false,"excerpt":"\r The mayor\u2019s search for better evidence on an emotive issue shows that he knows that foreign buyers have been made an easy scapegoatMany Londoners take it as read that the high cost of housing in the capital is the fault of wealthy foreigners. Assigning blame to speculators from distant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sadiq-khan-condemns-foreign-investors-use-of-london-homes-as-gold-bricks\/","url_meta":{"origin":28501,"position":1},"title":"Sadiq Khan condemns foreign investors' use of London homes as 'gold bricks'","date":"May 25, 2016","format":false,"excerpt":"\r Mayor condemns capital\u2019s housing policy for being \u2018obsessed by numbers rather than building the right sorts of homes\u2019The mayor of London, Sadiq Khan, has attacked foreign investors for using homes in the capital as \u201cgold bricks for investment\u201d following a Guardian investigation that revealed the UK\u2019s tallest residential skyscraper\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sadiq-khans-housing-policy-is-good-for-small-builders-and-london-barry-mortimer\/","url_meta":{"origin":28501,"position":2},"title":"Sadiq Khan's housing policy is good for small builders and London | Barry Mortimer","date":"September 7, 2017","format":false,"excerpt":"\r Londoners should welcome the mayor\u2019s plans to use smaller builders for small-scale housing developments across the capitalBarry Mortimer is director of the Federation of Master BuildersThe underlying cause of London\u2019s housing crisis is a long-running mismatch between a high level of need and a low level of new housebuilding.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-how-to-fix-the-housing-crisis-sadiq-khan-danny-dorling\/","url_meta":{"origin":28501,"position":3},"title":"Here\u2019s how to fix the housing crisis, Sadiq Khan | Danny Dorling","date":"May 10, 2016","format":false,"excerpt":"\r London has the potential to improve its bleak outlook for renters and buyers \u2013 which would filter through the UK. But the new mayor will have his work cut outAt the weekend London\u2019s new mayor, Sadiq Khan, outlined his plans for the capital, saying: \u201cThe key thing for me\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52704,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayor-to-subsidise-naked-homes-solution-to-london-housing-crisis\/","url_meta":{"origin":28501,"position":4},"title":"Mayor to subsidise 'naked' homes solution to London housing crisis","date":"April 24, 2017","format":false,"excerpt":"\r Sadiq Khan adds weight to scheme to construct spartan apartments that will sell for up to 40% less than usual new-buildsWho needs internal walls or a fitted kitchen anyway? As house prices soar ever further out of reach, London\u2019s mayor, Sadiq Khan, is to subsidise a new generation of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taxpayers-may-need-to-bail-out-sadiq-khans-london-housing-fund-say-auditors\/","url_meta":{"origin":28501,"position":5},"title":"Taxpayers may need to bail out Sadiq Khan\u2019s London housing fund, say auditors","date":"December 20, 2024","format":false,"excerpt":"\r GLAP missed repayment deadlines for \u00a3300m government loan and concerns raised over poor managementTaxpayers may be forced to bail out the mayor Sadiq Khan\u2019s London housing fund, after it repeatedly missed repayment deadlines for a \u00a3300m government loan and its auditors raised concerns over poor management.The London mayor\u2019s property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28501"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=28501"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}