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Metropolitan DC Local Politics
Reply to "The Guardian article. Is DC immune to this London market phenomenon?"
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[quote=Anonymous][b]“lights-out London” where absentee owners push up property prices without contributing to the local economy. [/b] “Today in London hundreds of thousands of people are stuck in temporary accommodation, on social housing waiting lists, or years of saving short of buying their first home. At the same time the global super-rich buy London homes like they are gold bars, as assets to appreciate rather than homes in which to live … Absentee owners should live in the house they own or sell up – or face uncapped charges until they do. No dodges or clever schemes to get round that.” https://www.theguardian.com/uk-news/2015/jan/25/its-like-a-ghost-town-lights-go-out-as-foreign-owners-desert-london-homes [/quote]
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