0:00
Nationally, there is not a housing
0:01
shortage. There's an affordability
0:02
problem. Right, there are empty
0:04
properties everywhere. The London
0:06
where planning consent has been granted
0:08
for building to start, but building
0:10
hasn't started, are over 200,000
0:13
dwellings, cuz there isn't the demand
0:15
for it. It's misleading to say that
0:17
there is a housing shortage. There's
0:18
only a shortage of affordable houses.
0:20
And that's a money shortage. That's a
0:23
wage growth shortage. There
0:24
is actually in the housing stock. The
0:26
volumes of property in central London
0:27
are so small they're not going to make
0:28
it. They're not going to move the needle
0:31
affordable housing for low-income
0:33
people. It's not going to make a
0:34
difference. It's a great headline
0:35
grabber. It's not going to make a
0:36
difference. They've got tens of
0:38
thousands of vacant council-owned
0:43
That might be an exaggeration. It's a
0:44
lot. It's a large number.
0:46
Uh so, there's a lot of mismanagement of
0:48
actual council housing stock.
