The New Era low-rent housing in London has been sold to a foundation
that will
keep
the rents low.
This is a victory for public protest, but it is a small one. Bad laws
in the UK are pushing house prices and rents up, just as bad laws have
pushed wages down 10% since the financial crisis. Bad laws encourage
the well-off to occupy more space, leaving less for the poor. Bad
laws have enabled privatization of the housing that was built to
provide homes to the poor, while other bad laws reduced the tax on
businesses and the wealthy so there are no funds to replace what was
lost.
All these laws need to be changed.