If London's real estate market had not been obliterated by allowing the world's mega rich to buy apartments they use twice a year for a week, then this disgraceful human stacking venture would not exist.
The ultra wealthy live in a very small number of buildings that have no meaningful impact on rental prices for normal people. The high end buildings that are mostly empty have rents starting at £3k/month for a studio, which is completely out of reach for normal people. London’s problem is the U.K’s problem: not enough housing is being built.
The middle-wealthy landlords are the people profiteering off of normal-people housing, but they are a symptom of not building enough.
> London’s problem is the U.K’s problem: not enough housing is being built.
The problem is more that a few foreign billionaires are buying up large swaths of housing, and can therefore set their own prices, "don't like it? There are literally millions of other lining up I can exploit instead".
This is not a problem outside of the large cities, so no it's not a UK problem.
