Capital growth! I try not to think of tumours at such times but rather, as we are led to believe, that only a rich man’s table has crumbs for the rest of us. Even so investment, foreign and otherwise, is also taking the crumbs, for as more tower-block homes are being built, they are also being bought as buy-to-let investments.* This coupled with a lack of affordable ‘ affordable home schemes’ is effectively a ‘clearances scheme’ of the 21st century, creating mono miles for the moneyed. Growth should not mean gentrification.
Politics aside, I take an interest in the growth of London’s architectural skyline – more glass and steel in yet another inventive polygon. As each building reaches for the heavens, it gives us back a little bit of the sky it stole in blue glass reflections.
*Research for London mayor, Sadiq Khan, shows homes being used as buy-to-let investments and being held in off-shore tax havens – Full Article
Joining the WordPress weekly photo challenge: Growth