We went to the billionaire's home to get answers, as a leading homelessness charity cut ties with the landlord and tenants begged the mayor to save their homes.
- Landlords put up rent rates each year, because... Markets
- So then other landlords put up their rent (supply/regulation issue)
- People struggle, some end up need support from the council
- Councils are desperate for accomodation, and haven't built much social housing (and being sold off continuously for private gain)
- Some landlords decides it's easier to rent to the council, maybe only a bit below market rate, certainly not council rates.
- Landlords still make a chunk of change. Rents still go up annually. People and councils are desperately poor.
It's probably a bit much to say everything has to do with housing. But the massive growth in wealth inequality (less so income), could probably explained by the above. Credit to Gary's Economics for banging that particular drum.
If Criterion seemingly responded to the bad publicity and have now reversed it, to me that suggests it is totally out of the mayor's hands and it isn't local councils that would be funding the temporary accommodation. In which case, I bet it's going to be used as asylum dispersal accomodation
Also should have mentioned that Criterion Capital deleted public comments made by the Save the Central YMCA campaign on their LinkedIn posts. They are hyper-sensitive to this kind of criticism.
More tremendous journalism, up to the very highest standards. I am in awe of your tenacity, dedication and work month over month. I just maxed out my subscription - you’ll need all the support you can get against this grim cadre.
Astonishing digging from London Centric. Shows the absolute importance of having local news in a city like London
More brilliant work! Keep piling the pressure on.
Jim v Aziz, round 7 — keep ‘em coming!!
Thank you for keeping the pressure and making this family accountable.
Like a terrier at his ankle. Don’t let go!
Thank you thank you! Despicable that they tried to pull this stunt AND profit from councils who are squeezed for cash.
The loop of:
- Landlords put up rent rates each year, because... Markets
- So then other landlords put up their rent (supply/regulation issue)
- People struggle, some end up need support from the council
- Councils are desperate for accomodation, and haven't built much social housing (and being sold off continuously for private gain)
- Some landlords decides it's easier to rent to the council, maybe only a bit below market rate, certainly not council rates.
- Landlords still make a chunk of change. Rents still go up annually. People and councils are desperately poor.
It's probably a bit much to say everything has to do with housing. But the massive growth in wealth inequality (less so income), could probably explained by the above. Credit to Gary's Economics for banging that particular drum.
Keep up the brilliant work!
If Criterion seemingly responded to the bad publicity and have now reversed it, to me that suggests it is totally out of the mayor's hands and it isn't local councils that would be funding the temporary accommodation. In which case, I bet it's going to be used as asylum dispersal accomodation
Also should have mentioned that Criterion Capital deleted public comments made by the Save the Central YMCA campaign on their LinkedIn posts. They are hyper-sensitive to this kind of criticism.
Fantastic work
Jim & Team,
More tremendous journalism, up to the very highest standards. I am in awe of your tenacity, dedication and work month over month. I just maxed out my subscription - you’ll need all the support you can get against this grim cadre.
Thank you!
Well done Jim!
Sadiq needs to answer many questions and put pressure on his friend Aziz. Otherwise, he cannot be serious for a fourth term in the office.