Marske faces yet another planning application. This time for 114 houses to the West. I was out in Mickledales this week, an estate built in 2005. There I saw how an estate can deteriorate rapidly in areas. The houses are overpriced, inflating mortgages for the 4/5 houses, making property maintenance tricky for people now stretched by increasing interest rates. This isn’t unique to Mickledales.
I noticed also that the affordable houses are now mainly private lets.
That’s worth repeating: the houses designed to get first time buyers on the house market are now private lets - and quite a few are also empty. This is the issue with the UK private rental market and out of control inequality, people end up selling properties to cash in or buy properties to generate wealth. This atrophy is leading to many people never being able to afford a house. In fact the private rental market is causing the housing crisis. It is not a supply and demand problem, it is an inequality issue.
The two following videos sum the problem up perfectly. Gary Stevenson‘s asset economy is scary. TDLR’s breakdown is awakening.
We must tackle wealth inequality. It is destroying the environment and destroying the economy.
Gary Stevenson:
TDLR News: