Yes, Crossrail will inflate house prices, in the same way that Sands End, in Fulham, has seen a big rise in house prices because there are now Boris bike docking stations installed for people to cycle to the underground station, or the Sloane Poney on Parsons Green (aka The White Heart). Seriously. People pay more for convenient transport links.James's story is a wonderful example of our housing crisis. People are investing in property and not living in them. Landlords don't care to do too much work on the flats / houses that they are renting out knowing full well that there is a generation of nine million renters queuing up to rent it from them - even where there is "needs work" doing to it. Homes should be homes and not seen as an investment. One idea of mine, which is getting more and more backing from people that I mention it to, is for anybody selling a second home should incur the current stamp duty charge + a 25% levy. This in itself won't put people off from buying second homes (in the same way that people drive just as much, but pay more for it), but provided the taxation is ring fenced it will put more money into building more AFFRODABLE housing. 250,000 new homes a year will be needed for the foreseeable future, which is something like one million affordable homes needed over the next parliament. That is just not going to happen.The Conservatives are to blame. (Colm Costello, remember our lovely chat in the Co-op!). Cameron will be the first Conservative prime minister since 1945 to preside over a fall in house-building, and as a consequence a corresponding drop in Tory votes, since home-owners are more likely to favour the Conservatives than those who rent. God, Cameron, God! (A word he favours right now).I strongly believe that whichever party makes housing more affordable will stand the best chance of winning the election. Renters are going to have a huge say in the outcome of local and general elections since their political opinions will float from connstituency to constituency whereas home owners, with their political opinions, will remain far more static in (not moving from Ealing, say).
Ben Owen ● 4357d