Wednesday, February 27, 2008

foxtons consequences

House prices directly affect the accessibility and availability of housing for everyone, but especially the working class - for us, particularly, the housing squeeze is increasing.

The social housing stock is decreasing whilst waiting lists increase. This inevitably leaves the options down to private rentals or owner occupation. However housing costs impact on rents, private rentals being considerably more expensive than those for social housing, and clearly purchase price puts most houses well out of reach for many people.

The trouble with Foxtons, and their ilk, is that they artificially inflate prices to increase their commissions. They also expand their operations into traditional working class areas which, together with their pricing policies, further restricts housing availability for the working class.

We should all support Class War's picket at Foxtons, the target is justified.

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