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18:00 - 20:00 29 January 2015
Housing inequalities and the 1%
Gustave Tuck Lecture Theatre |
Gower St | London | WC1E 6BT | United Kingdom
Ticketing: Ticketed and Pre-booking essential
Danny Dorling, Halford Mackinder Professor of Geography, University of Oxford
Within the last year housing prices have risen in London by roughly 20%. Rents have also risen to new highs of £770 a month on average, £1162 in London, increasing at one point at an annualized rate of 15%.
This boom is being driven by the investment and purchasing patterns of the best-off 1% in society, but a minority of affluent landlords who fall within that group and by current government policy which has been driven by the need to hold costs and prices up and, if possible see them continue to rise through to May 2015.
In this talk the case is made for it now being in the majority interest to see the price of housing fall. There is no other method of raising living standards across the board that would be as effective as a reduction in housing rents and prices. But many people will not believe you if you suggest this is the case.
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