| Topic: | Re:Re:Re:Re:House prices in Wandsworth just keep going up | |
| Posted by: | Roland Gilmore | |
| Date/Time: | 24/05/14 15:19:00 |
| "..but what they dont often talk about is how SE centric our economy is becoming". Becoming? The only significant "industry" in the South East is financial services but this accounts for less than 10% of UK GDP. With about a third of England's population in the south east, the London centric argument, to the cost of other regions doesn't really stack up. That doesn't mean placating moaning northern business pressure groups with HS2 will not happen. The vast majority of jobs created in London and the south east over recent years are low paid, part time or zero hours; hardly a recipe for economic "recovery" and a house price boom. Other factors are at play, not least the government's dangerous guaranteed deposit "Ponzi Scheme" for properties costing up to £600K. That would buy a 4/5 bed house in many parts of the country and has set the "target price" for speculative housing developers in London. |