this post was submitted on 20 Aug 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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cross-posted from: https://slrpnk.net/post/12509233

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[โ€“] an_onanist@lemmy.world 3 points 2 months ago (1 children)

Is there some other location/system that is different?

[โ€“] 13esq@lemmy.world 3 points 2 months ago* (last edited 2 months ago)

The UK used to have plentiful stock of social housing. Great building quality with affordable rents. This was the standard way people would attain their accommodation.

Unfortunately the government chose to sell it off in the 80's and failed to replenish the supply in line with the growing population, causing the next generation a need to rely upon parasitic landlords.