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Tom Harwood: Shortage of luxury homes pushes investment bankers into former working-class housing
Tom Harwood draws attention to the current housing market, noting that investment bankers are now living in modest two up two down homes in South London originally built for manual labourers.
He suggests that the lack of new luxury housing has pushed wealthier buyers into what used to be everyday homes, effectively making these properties exclusive to high earners.
Harwood has recently commented on challenges facing other UK sectors. In a previous article, he argued that nationalizing British Steel will not resolve high energy costs. He also warned that such moves could increase liabilities for taxpayers.
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