Shame that you always gotta dumb it down for the Americans.. Surprised the location wasn't described as "in London, which is in the UK, which is apart of Europe which is in the northern hemisphere"
+Seeker Daily If you can' afford it then leave the town. We are not a socialist country where we control what happens to peoples trade agreements we cannot control that its called the free market.
This happens in america a lot. i cant even afford to stay in the neighborhood i grew up in. They're trying to turn Atlanta into another Hollywood. Eventually ill have to leave the city. Scholarships dont last forever and i refuse to pay these high prices.
+Marq Vince Gentrification is happening all over London. This city has changed so drastically that I don't mind moving out as I no longer recognise the place. London is over: over priced, overrated and over crowded. It's just OVER.
in Vancouver our largest neighborhood downtown, coal harbor is completely empty its a literal ghost town when i lived there i would walk down the street and be the only person in 2 blocks and were talking about being surrounded by 40 story buildings and the cities most lavish real estate. it was bonkers and it's only getting worse.
no wavvez No but I’ve experienced the opposite. Watched as my neighborhood turned into an unsafe ghetto within a decade and a half. Is there a word for that? Ghettofrication?
I live in Brunswick, Melbourne.. Not far from Fitzroy. These two suburbs are under threat from development. Family homes torn down so that apartments no one can afford are erected. I'm in one now do to the geographical limits I'm under. However there is a lot of housing being made available for low income earners, all apartments have a different amount of rent due, based on household income. I think this is the only way forward
In London there simply is no room for social housing in central London, if you ever look at London on Google maps you'll see that there is simply miles and miles of housing all around London. Besides Camden and Clapham have always been empty at night.
Same where I live they are building all these new developments and barely anyone lives in them even though they are sold out its all foreign investors from the middle east and china.
It's not actually just London, but Metropolitan Gentrification is only a section of a MUCH MUCH larger problem across the entire UK. When it comes to the UK, there are 3 sections: the invested, the drained and the baron. The Invested regions of the UK makes up the smallest amount of area and population: this includes Inner London, Cheshire and parts of South Central England. These areas are undergoing major investment, having more spent on them than the taxes they raise, prioritising foreign trade, executive infrastructure and other things such as gentrification. The drained regions of the UK make up slightly less than that of the Baron but more land: Scotland, East of England, South Wales and South East England. These regions are taxed much higher, and pay more in taxes than is actually given to them. In 2015, Scotland paid £16bn more in taxes than the actual budget received, because Scotland also had to pay for project like the London Underground Project (example) yet had to take out a loan to pay for the Forth Road Bridge which it must pay back to Westminster with interest, unlike the LUP - resulting in a £15bn deficit to make up for the loss. These regions often are self-sufficient and quite wealthy as a result, which also allows them to be taxed so heavily with very little expenditure as it is done in a way to match inflation and the growth of the rest of the UK. The Baron are those who are much poorer which includes Northern Wales, the rest of England, the 3 border constituencies of Scotland and Northern Ireland. Thus, they pay slightly less in tax but receive very little expenditure. Quite often, they rely on subsidies from the Drained Regions and also the EU. In fact, there are several NHS hospitals that are fully funded by the EU in these regions because they're allocated so little money in the budget - which is why the £350mpw argument, which was false, was so strong in these poorer regions to support Brexit. These regions also result in high dependents with low employment because of the terrible conditions they're being forced to live in with a failing infrastructure and terrible investment. This is a growing epidemic and just shows how the wealth contrast in the UK is very severe. And now with Brexit passing, the Conservative government, which are part of the problem and are making it worse which actually benefits themselves, are abusing the Brexit win to essentially turn the UK into a hierarchy of being both a tax haven and one where the majority literally pay for the few.
You guys should put your links up as youtube.com links instead of bitly links so people on mobile don't have to go back to Safari and then redirected back to the UA-cam app. Just a suggestion, keep up the great content.
Yay Melbourne got a mention! :-) Oh wait, oh noooo. Melbourne has an area called the Docklands where a significant amount of apartments had no recorded water usage despite being owned and in a fairly expensive area.
+Seeker Stories Except by watching this video and the way your comment reads in this context, it makes Docklands seem like something it is not. Docklands has been a slow-moving and partly failed experiment in redevelopment of an area which lacked community or entertainment districts, but it isn't a ghost town and many people live, work, and entertain themselves there now.
+Tom Burns one water supplier recorded 17% of the residents in Docklands having no water usage as well as other commercial and residential that have extremely low usage.
Gentrification, that's happening in New Zealand. You only need to at the minimum wage verses the cost of homes in Auckland or any other area to see the growing problem.
The British two tone reggae/ ska band description of ghost town had nothing to do with gentrification and the ghost town you inferring The specials were describing the thatcher years of the early eighties mass employment,, Completely different subject
Once an area is made fancy again, rich multi-millionaires can go in and buy the buildings to use as a tax residence or vacation home. Now the street is full of empty fancy buildings. It's a problem in major cities.
The economist listed out several other factors which have caused the property prices to rise. Street planning , difficulty of getting building permits and just the geography of London make it expensive to build so it's going to come with an expensive price. Market supply and demand. The 'foreign buyers' argument is an incredibly misguided view on the rising housing prices. Disappointed in seeker daily
The result of easy money from central banks. End quantitative easing and interest rate manipulation. Stop rewarding speculators with an artificially propped stock market.
I once thought politicians were elected to look after the people. How wrong I was, the people with money and influence yes and their cronies. And of course themselves.
Expensive properties have high taxes, that bring in revenue, revenue means better schools, upkeep on infrastructure and more programs to help people get out poverty. I sorry for those people who have to move but their complacency is not as impotent as giving kids a good education.
oh...so this was what it was.. i went to melbourne once, and upon arriving at my hotel, i was so confused, cuz it was so silent, there were cars so i guess not completely a ghost town, but no people???? i thought the rapture had taken place or something lol
The utter demonstration of this, is that in London council land and social housing on it, is sold to fat cat developers with the promise of providing a a percentage of social housing when redeveloped, under the governments "mixed community", goals. One estate in central London with 1200 social housing homes was deemed by the developer as too expensive to renovate, so it was demolished, tenants moved out, over 2000 new homes built with only 74 social housing homes provided. The rest top priced luxury flats, whilst the previous tenants moved out of the greater London area in the majority of cases. How can you trust many of the developers, when their guiding light is maximum profit. Who the hell is going to make the affluent residents in these expensive homes their designer coffees and sandwiches, if normal working class people cannot live in the city. if this is not government sponsored gentrification, I don`t know what other evidence you need.
you guys think this is a problem? try living in a small town where a bunch of people move out every year, as a result schools close, police stations close, hospitals close, stores close - now I have to drive 50 minutes to the nearest city just to buy groceries. I don't have any friends my age because all of them moved out after graduation because the majority of them can't find a job in our town. Am I ever going to find a girlfriend?
It's a shame I always wanted to live in central London but by time I leave uni and start earning, my savings will always be behind the property prices in london unless I want to live in an old studio flat in a dodgy area
This is why a one world culture is perverted. The culture in England doesn't even seem British anymore but more American. So the trendy hipster kids can now buy the American cereals they cant get in the UK ?
+Sasapesso S The same way the poor no longer have the right to drive a Ferrari to work every morning. Living in the most popular part of town is not a right.
featherman9 When did the poor have rights to Ferrari? Foreign corrupted politicians with their overseas 'business' companies have no moral right to change the face of London or any city. Many very rich individuals in the 3rd world countries, for example the one I live in, earned their money not from hard work or any type of honest work but mostly from bribes and nepotism, and it's mostly these kind of people who have invested in British real estate market. Do you think that any Arab sheikh with his easily earned petro-dollars are same with the hard-working industrial rich? Is Zimbabwe's Mugabe no different than Bill Gates?
Sasapesso S They have the right to buy property the same as anyone else does. The moment you start saying that one person has the right to buy something and someone else doesn't is a very slippery slope. I might not like or agree with how they got there money but they have it, and it is not my or your right to decide if they can spend there money how they please. Sadly the way they spend there money negatively effects other people, but it is not illegal. And when they commit crimes people fight them. London (and other cities) are being changed because of supply and demand. The reason the prices were lower before is because there was less demand.
I'm a working class man and I must say when I walk down the street talking on my phone, my cockney accent stands out a mile among some of these posh talking people or wannabe posh people.
This is not a problem. The market will sort it self out because when big parts of a city is renovated the market will the overflowing eventually dropping the prices. So people doing this are simply making a bad investment with no one profiting and we should just let the market run its course.
+Wille _ Is this only true for city sized communities? Because in California housing prices have increased exponentially over the last couple of decades and everything I've read says it's likely to stay that way.
+Potato Girl +Wille_ is correct, as long as the market is _allowed_ to adjust. In California, the amount of land is restricted, the freedom of what can be built, and various hurdles to development increase time and $$$. This all pushes up prices. As another example, rent controls provide "affordable housing" but reduce the amount of housing available, pushing many people farther outside the city.
Potato Girl If housing prices has been going up then it's in companies best interests to build up cheap houses so low-income buyers go to them. When land becomes too restricted then this becomes a problem.
Many people seem to support free movement, open borders, with millions of people around the world , moving around be careful what you wish for, you'll all find yourselves unable to afford a basic home
Can London just set up government housing in the outskirts with a robust mass transit to the central city? Singapore seems to be doing fine, with many of its mass workers living a tee bit far from the CBD.
I don't understand at all. If the house prices or rent prices are too high that nobody can pay (hence ghost town) the owners would get no income, and then they will obviously lower the price. Its the basic market rule. How can you raise prices so much that people leave the area and then what? It doesn't make any sense. Other people that can afford must be renting/buying the places.
+Douglas Well, you have to consider in some countries that foreigners can buy properties and turn them into vacation homes. If you are an owner, you just have to publish your property to the web and people will come and flock to you. Considering that there are a lot of Asian / Middle eastern who are rich enough to afford these homes.
+Douglas The problem is the fact that people buying the properties aren't there the "get income". They are there as a simple investment. They want to keep the houses empty. And the prices don't go down because there's always a billionaire somewhere in the world who also wants to makes a property investment in London so there is never a decrease in demand just rising the prices.
+error2k2 i rather have gentrification then ghettoification atleast you coulde walk down the street now and have no one hanging around the street i dont in uk anymore but i guess what it is
+Douglas The "Ghost Town" comes from people owning them, but NO ONE lives inside of them. This happens because, in the center of London and other boroughs, property values increase between 10-25% a year, so, on a million dollar property, the following year its now worth 100-250,000 more than it was the year before. And in order to keep the property as pristine as possible, people dont rent them out, because the risk of someone damaging it is too high. so people buy entire buildings or multiple units and simply leave them alone, because in 5-10 years, youve made millions off of something that no one has ever touched, which means, when its resold, it can be sold as perfectly brand new
I think since the word "fuck" is part of a proper noun (the name of the group), it warrants saying it, so that people wanting to know more can be certain they're looking into the right group. I found it tricky to hear "parade" in the audio, and that wouldn't happen without the beep. And not to be silly, but I actually thought (before finding the name in the comments) that the group was named Cock Parade. You know, like chickens. : |
there is a very simple solution to this: BUY A HOUSE. then no one can kick you out of it (except if government wants your land for a new development but that hardly the case). when you renting, you never feel belonged to that house because that never had belong to you. so I don't understand this people. If you have to move out cause your landlord increased the rent, you just go find somewhere else you can afford. why you upset? instead, people must get a job and get a mortgage and buy a house. if you feel you can't get a good job because there is fewer opportunity for middle class in your area, then that's a another discussion.
Buy a house you say, have you ever tried to by a house? Houses are expensive everywhere, but in large cities like London only the very elite can afford to buy houses, and they don't live in them, they rent them out
then you have to criticise your government for not giving you enough opportunity to get a house. I mean the message must be clear. if you are being push out of your neighbourhood, because you can't buy a house, then go rally about that. because the issue not "Gentrification". you can point out countries like Australia. I live in Australia, its system of government is very similar that of UK. here there is a program called "government Housing" government build houses and rent them to poor people for a much less than the market value and you can live in those houses for as long as you live. I suppose if such program does not exist in UK, people there can rally and ask for it. then maybe you can see some real progress.
It is a big issue , cafes are not real cafes anymore , pubs are not real pubs you can look at a place in London and now and just go im not going in there it's to Pontsy meaning it's for the hipsters , housing is the biggest problem , the thing I do not get is why do they all have beards and turned up jeans ?
do you know how many jobs are created because of property renewal and modification? the foregn investment will bring a tonne of money into government which then can be used to fund social programs.
+dolsjb28 i used to live in south london gentrification means that if you have neighborhood with lots of people and they have low incom you tell them has their landlord to move out and find new home then you clean up the place and you resale it with higher money price,only people with high income like bankers can live in your neighborhood thats what is being explained here almost everywhere now its empty place like brixtone are empty becaus rich bankers usually go on vaction and they dont live somewhere for long so thats why its empty.
Gentrification can be viewed either positively or negatively. It's the fixing up of an area or homes to make it a more beautiful place, but it also can displace people with low income, as they cannot afford to live there when the rent and property values go up. Some people like it. Some people don't. It's mind boggling to come up with a solution that everyone would like.
Can't afford it, don't buy it. Free market. Government is not responsible if you can't afford rent or a bowl of cereal. Earn more or move to a cheaper neighborhood.
Yeah. I like the way everyone thinks of eighties yuppies, and they're super-passé, instantly identifiable clichés... and yet, by going to university and getting an overpaid desk-bound admin job, you're instantly becoming a thousand times more pointless and greedy than any yuppie you can think of. What's next? Everyone laughing at how shit Fraggle Rock was, but still going around dressed as Gobi and Red?
My neighborhood turned into Asia this city was all American city now I'm surrounded by Asian markets and restaurants we the only country that allows this sell out of our communities san gabriel valley California
20 Dollar Gold Piece So there aren’t enough jobs that pay well for everyone you say? So how many immigrants a year come up the UK? If there are already so few jobs that pay well for the natives. Why import loads of more people then? That makes absolutely no sense.
![Stroads are Ugly, Expensive, and Dangerous (and they're everywhere) [ST05]](http://i.ytimg.com/vi/ORzNZUeUHAM/mqdefault.jpg)
![Stroads are Ugly, Expensive, and Dangerous (and they're everywhere) [ST05]](/img/tr.png)
They were selling cereal in dollars?
No wonder they rioted, nobody could buy that shit
cerealkillercafe.co.uk/the-cafe just in case you were interested
+Randomstuffs261 so they where using american dollers what happende with English Pond Sterliing
+james willis they changed maybe -_-
who changed ..??? what do you mean
Shame that you always gotta dumb it down for the Americans.. Surprised the location wasn't described as "in London, which is in the UK, which is apart of Europe which is in the northern hemisphere"
Gentrification is an issue a lot of cities are facing. Thanks for bringing this topic to light!
+Seeker Daily If you can' afford it then leave the town. We are not a socialist country where we control what happens to peoples trade agreements we cannot control that its called the free market.
Lol you are the same
now its happening to Berlin. people from new York and London are moving to Berlin because its too expensive. its losing its uniqueness
This happens in america a lot. i cant even afford to stay in the neighborhood i grew up in. They're trying to turn Atlanta into another Hollywood. Eventually ill have to leave the city. Scholarships dont last forever and i refuse to pay these high prices.
Gentrification is happening in all major U.S. cities. I don't like the fact either but the poor can't shield themselves from it.
+Marq Vince Gentrification is happening all over London. This city has changed so drastically that I don't mind moving out as I no longer recognise the place. London is over: over priced, overrated and over crowded. It's just OVER.
Sounds like another national capital, Washington, DC
Deno I can't wait to move to Atlanta buisness is booming there.
same. I will move one day. sad that you cant live in the city you were born in and grew up in but it doesnt even seem like the same place
in Vancouver our largest neighborhood downtown, coal harbor is completely empty its a literal ghost town when i lived there i would walk down the street and be the only person in 2 blocks and were talking about being surrounded by 40 story buildings and the cities most lavish real estate. it was bonkers and it's only getting worse.
I have a feeling that most people in the comments never experienced gentrification first hand?
no wavvez No but I’ve experienced the opposite. Watched as my neighborhood turned into an unsafe ghetto within a decade and a half. Is there a word for that? Ghettofrication?
Hang on, if you live in London, you experience gentrification every day
Gentrification is happening in Boston too. I have to drive 15 minutes to get to my grocery store because the local ones are so expensive
PRO-AM 617 Aww u poor soul.
KVNG OVD aww you very poor soul indeed, next time walk lol, it will be a very good exercise, burn that fat off, hahahahaha
I live in Brunswick, Melbourne.. Not far from Fitzroy. These two suburbs are under threat from development. Family homes torn down so that apartments no one can afford are erected. I'm in one now do to the geographical limits I'm under. However there is a lot of housing being made available for low income earners, all apartments have a different amount of rent due, based on household income. I think this is the only way forward
Will London become a ghost town? The answer is a resounding YES. You only have to go to Docklands, the most sterile, boring area in this great city.
In London there simply is no room for social housing in central London, if you ever look at London on Google maps you'll see that there is simply miles and miles of housing all around London. Besides Camden and Clapham have always been empty at night.
Same where I live they are building all these new developments and barely anyone lives in them even though they are sold out its all foreign investors from the middle east and china.
It's not actually just London, but Metropolitan Gentrification is only a section of a MUCH MUCH larger problem across the entire UK.
When it comes to the UK, there are 3 sections: the invested, the drained and the baron.
The Invested regions of the UK makes up the smallest amount of area and population: this includes Inner London, Cheshire and parts of South Central England. These areas are undergoing major investment, having more spent on them than the taxes they raise, prioritising foreign trade, executive infrastructure and other things such as gentrification.
The drained regions of the UK make up slightly less than that of the Baron but more land: Scotland, East of England, South Wales and South East England. These regions are taxed much higher, and pay more in taxes than is actually given to them. In 2015, Scotland paid £16bn more in taxes than the actual budget received, because Scotland also had to pay for project like the London Underground Project (example) yet had to take out a loan to pay for the Forth Road Bridge which it must pay back to Westminster with interest, unlike the LUP - resulting in a £15bn deficit to make up for the loss. These regions often are self-sufficient and quite wealthy as a result, which also allows them to be taxed so heavily with very little expenditure as it is done in a way to match inflation and the growth of the rest of the UK.
The Baron are those who are much poorer which includes Northern Wales, the rest of England, the 3 border constituencies of Scotland and Northern Ireland. Thus, they pay slightly less in tax but receive very little expenditure. Quite often, they rely on subsidies from the Drained Regions and also the EU. In fact, there are several NHS hospitals that are fully funded by the EU in these regions because they're allocated so little money in the budget - which is why the £350mpw argument, which was false, was so strong in these poorer regions to support Brexit. These regions also result in high dependents with low employment because of the terrible conditions they're being forced to live in with a failing infrastructure and terrible investment.
This is a growing epidemic and just shows how the wealth contrast in the UK is very severe. And now with Brexit passing, the Conservative government, which are part of the problem and are making it worse which actually benefits themselves, are abusing the Brexit win to essentially turn the UK into a hierarchy of being both a tax haven and one where the majority literally pay for the few.
This happens every where....and indeed it's sad
So true.
it it easy to be solved, a law that forces to rent the empty houses, and if you don't do it, the government will have the right to rent it
You guys should put your links up as youtube.com links instead of bitly links so people on mobile don't have to go back to Safari and then redirected back to the UA-cam app. Just a suggestion, keep up the great content.
Yay Melbourne got a mention! :-) Oh wait, oh noooo.
Melbourne has an area called the Docklands where a significant amount of apartments had no recorded water usage despite being owned and in a fairly expensive area.
+Mono17 Wow, that's crazy. Thanks for the info Mono.
I'm not from Melbourne but whenever they mention somewhere in Australia I'm like yay they remember we exist. Even if it's for bad reasons
+Seeker Stories Except by watching this video and the way your comment reads in this context, it makes Docklands seem like something it is not. Docklands has been a slow-moving and partly failed experiment in redevelopment of an area which lacked community or entertainment districts, but it isn't a ghost town and many people live, work, and entertain themselves there now.
+Tom Burns one water supplier recorded 17% of the residents in Docklands having no water usage as well as other commercial and residential that have extremely low usage.
+Tom Burns I didn't said many people didn't live, work or go there for entertainment.
Gentrification, that's happening in New Zealand. You only need to at the minimum wage verses the cost of homes in Auckland or any other area to see the growing problem.
Gentrification! Is when an asshole feels that it has every right to sell $100 French fries!
thank you for noticing this issue that so many politicians have ignored for so long
The British two tone reggae/ ska band description of ghost town had nothing to do with gentrification and the ghost town you inferring
The specials were describing the thatcher years of the early eighties mass employment,,
Completely different subject
Same thing is happening in NYC. Especially in Bk, Manhattan, and Queens (LIC).
HIPSTERS, fucking HIPSTERS everywhere!
Once an area is made fancy again, rich multi-millionaires can go in and buy the buildings to use as a tax residence or vacation home. Now the street is full of empty fancy buildings. It's a problem in major cities.
But who vacations in a ghost city.
The idea of Camden becoming a ghost town is painfully depressing
The economist listed out several other factors which have caused the property prices to rise. Street planning , difficulty of getting building permits and just the geography of London make it expensive to build so it's going to come with an expensive price. Market supply and demand. The 'foreign buyers' argument is an incredibly misguided view on the rising housing prices. Disappointed in seeker daily
Yes this isn't just London, its my neighborhood and when I grow up I and all my friends will not be able to buy any houses in London
Little ghost towns within urban sprawl jammed with people? Sounds nice and quiet...
The result of easy money from central banks. End quantitative easing and interest rate manipulation. Stop rewarding speculators with an artificially propped stock market.
Well, Londoners don't have to worry about foreign investors anymore...
I once thought politicians were elected to look after the people. How wrong I was, the people with money and influence yes and their cronies. And of course themselves.
Expensive properties have high taxes, that bring in revenue, revenue means better schools, upkeep on infrastructure and more programs to help people get out poverty.
I sorry for those people who have to move but their complacency is not as impotent as giving kids a good education.
Definitely is, I went to Richmond once, GHOST TOWN! No one there, marlybone, Mayfair, Belgravia, all the posh areas. No one to be seen
This is when the purge becomes more than a movie
When you reference a previous video why not just put the link in the description?
oh...so this was what it was.. i went to melbourne once, and upon arriving at my hotel, i was so confused, cuz it was so silent, there were cars so i guess not completely a ghost town, but no people???? i thought the rapture had taken place or something lol
The utter demonstration of this, is that in London council land and social housing on it, is sold to fat cat developers with the promise of providing a a percentage of social housing when redeveloped, under the governments "mixed community", goals. One estate in central London with 1200 social housing homes was deemed by the developer as too expensive to renovate, so it was demolished, tenants moved out, over 2000 new homes built with only 74 social housing homes provided. The rest top priced luxury flats, whilst the previous tenants moved out of the greater London area in the majority of cases. How can you trust many of the developers, when their guiding light is maximum profit. Who the hell is going to make the affluent residents in these expensive homes their designer coffees and sandwiches, if normal working class people cannot live in the city. if this is not government sponsored gentrification, I don`t know what other evidence you need.
A lot of former London social housing residents are being moved to the midlands and the north, before that they were dumped in Essex.
you guys think this is a problem? try living in a small town where a bunch of people move out every year, as a result schools close, police stations close, hospitals close, stores close - now I have to drive 50 minutes to the nearest city just to buy groceries. I don't have any friends my age because all of them moved out after graduation because the majority of them can't find a job in our town. Am I ever going to find a girlfriend?
Robert Hall We don't know ! You didn't say where you lived.
It's a shame I always wanted to live in central London but by time I leave uni and start earning, my savings will always be behind the property prices in london unless I want to live in an old studio flat in a dodgy area
Wow. Well unfortunately you won't miss that ugly dirty thames river and overpriced shitty houses because it is shit and not worth it
I'm glad Melbourne got a mention. Too true.
I would expect the property value has gone down in that area of London. With no one there, it is not inviting.
*Ghost Town was released in 81 and it was talking about Coventry,
No London is packed to the full now
Jacob Salter with tourists
Gentrification is horrible. Thank you for this video. 👏👏👏
The woman talking in this video is also a gentrifier
This is why a one world culture is perverted. The culture in England doesn't even seem British anymore but more American. So the trendy hipster kids can now buy the American cereals they cant get in the UK ?
The poor no longer have right to live in desirable urban areas.
+Sasapesso S The same way the poor no longer have the right to drive a Ferrari to work every morning. Living in the most popular part of town is not a right.
The poor never had any rights
featherman9 When did the poor have rights to Ferrari? Foreign corrupted politicians with their overseas 'business' companies have no moral right to change the face of London or any city. Many very rich individuals in the 3rd world countries, for example the one I live in, earned their money not from hard work or any type of honest work but mostly from bribes and nepotism, and it's mostly these kind of people who have invested in British real estate market. Do you think that any Arab sheikh with his easily earned petro-dollars are same with the hard-working industrial rich? Is Zimbabwe's Mugabe no different than Bill Gates?
Sasapesso S They have the right to buy property the same as anyone else does. The moment you start saying that one person has the right to buy something and someone else doesn't is a very slippery slope. I might not like or agree with how they got there money but they have it, and it is not my or your right to decide if they can spend there money how they please. Sadly the way they spend there money negatively effects other people, but it is not illegal. And when they commit crimes people fight them.
London (and other cities) are being changed because of supply and demand. The reason the prices were lower before is because there was less demand.
After a while theyd be glad they got the hell out.
I'm a working class man and I must say when I walk down the street talking on my phone, my cockney accent stands out a mile among some of these posh talking people or wannabe posh people.
Why do people use the word gentrification? I prefer the term wankerfication.
This is also an issue in Vancouver.
+calculon000 There are a lot of issues in Vancouver.
This is not a problem. The market will sort it self out because when big parts of a city is renovated the market will the overflowing eventually dropping the prices. So people doing this are simply making a bad investment with no one profiting and we should just let the market run its course.
+Wille _ Is this only true for city sized communities? Because in California housing prices have increased exponentially over the last couple of decades and everything I've read says it's likely to stay that way.
+Potato Girl +Wille_ is correct, as long as the market is _allowed_ to adjust. In California, the amount of land is restricted, the freedom of what can be built, and various hurdles to development increase time and $$$. This all pushes up prices. As another example, rent controls provide "affordable housing" but reduce the amount of housing available, pushing many people farther outside the city.
Potato Girl
If housing prices has been going up then it's in companies best interests to build up cheap houses so low-income buyers go to them. When land becomes too restricted then this becomes a problem.
Noah O
I'm Swedish though...
Wille _ Austrian economics.
Many people seem to support free movement, open borders, with millions of people around the world , moving around be careful what you wish for, you'll all find yourselves unable to afford a basic home
Vancouver is the best example
Can London just set up government housing in the outskirts with a robust mass transit to the central city? Singapore seems to be doing fine, with many of its mass workers living a tee bit far from the CBD.
I don't understand at all. If the house prices or rent prices are too high that nobody can pay (hence ghost town) the owners would get no income, and then they will obviously lower the price. Its the basic market rule. How can you raise prices so much that people leave the area and then what? It doesn't make any sense. Other people that can afford must be renting/buying the places.
+Douglas Well, you have to consider in some countries that foreigners can buy properties and turn them into vacation homes. If you are an owner, you just have to publish your property to the web and people will come and flock to you.
Considering that there are a lot of Asian / Middle eastern who are rich enough to afford these homes.
+Douglas The problem is the fact that people buying the properties aren't there the "get income". They are there as a simple investment. They want to keep the houses empty. And the prices don't go down because there's always a billionaire somewhere in the world who also wants to makes a property investment in London so there is never a decrease in demand just rising the prices.
+error2k2 i rather have gentrification then ghettoification atleast you coulde walk down the street now and have no one hanging around the street i dont in uk anymore but i guess what it is
+Douglas The "Ghost Town" comes from people owning them, but NO ONE lives inside of them. This happens because, in the center of London and other boroughs, property values increase between 10-25% a year, so, on a million dollar property, the following year its now worth 100-250,000 more than it was the year before. And in order to keep the property as pristine as possible, people dont rent them out, because the risk of someone damaging it is too high. so people buy entire buildings or multiple units and simply leave them alone, because in 5-10 years, youve made millions off of something that no one has ever touched, which means, when its resold, it can be sold as perfectly brand new
The areas of London being gentrified were traditionally middle class neighbourhoods that went downhill when immigrants took over.
One of the most vibrant cities in the world 🌎
Well… Colombia declared its independence for a flower vase.
Although it would be funny if they rioted over the lack of cereal.xD
Washington DC is also another city experiencing this
Ct Pa Town..... Welcome Home!
Gentrification has pushed on like a Steam Roller
I think since the word "fuck" is part of a proper noun (the name of the group), it warrants saying it, so that people wanting to know more can be certain they're looking into the right group. I found it tricky to hear "parade" in the audio, and that wouldn't happen without the beep. And not to be silly, but I actually thought (before finding the name in the comments) that the group was named Cock Parade. You know, like chickens. : |
Wow no mention of Vancouver?
+Nuxhead There are too many cities like this around the world, couldn't get to them all. Thanks for watching Nuxhead.
there is a very simple solution to this: BUY A HOUSE. then no one can kick you out of it (except if government wants your land for a new development but that hardly the case). when you renting, you never feel belonged to that house because that never had belong to you. so I don't understand this people. If you have to move out cause your landlord increased the rent, you just go find somewhere else you can afford. why you upset? instead, people must get a job and get a mortgage and buy a house. if you feel you can't get a good job because there is fewer opportunity for middle class in your area, then that's a another discussion.
Buy a house you say, have you ever tried to by a house? Houses are expensive everywhere, but in large cities like London only the very elite can afford to buy houses, and they don't live in them, they rent them out
then you have to criticise your government for not giving you enough opportunity to get a house. I mean the message must be clear. if you are being push out of your neighbourhood, because you can't buy a house, then go rally about that. because the issue not "Gentrification".
you can point out countries like Australia. I live in Australia, its system of government is very similar that of UK. here there is a program called "government Housing" government build houses and rent them to poor people for a much less than the market value and you can live in those houses for as long as you live. I suppose if such program does not exist in UK, people there can rally and ask for it. then maybe you can see some real progress.
Man can't take it seriously with the name hahahaha
fuck parade
It is a big issue , cafes are not real cafes anymore , pubs are not real pubs you can look at a place in London and now and just go im not going in there it's to Pontsy meaning it's for the hipsters , housing is the biggest problem , the thing I do not get is why do they all have beards and turned up jeans ?
Just plain greed!
I would love to see a video about the Brazil riots over the World Cup...
The cereal is just a marker.
do you know how many jobs are created because of property renewal and modification?
the foregn investment will bring a tonne of money into government which then can be used to fund social programs.
They care about the working class only until they start expressing their opinions on islamization.
What's gentrification? I get what's they're talking about, but could someone please explain?
+dolsjb28 Our friends over at TestTube News did a great video about Gentrification. Check it out. ua-cam.com/video/5nyDbHi1YQE/v-deo.html
+dolsjb28 i used to live in south london gentrification means that if you have neighborhood with lots of people and they have low incom you tell them has their landlord to move out and find new home then you clean up the place and you resale it with higher money price,only people with high income like bankers can live in your neighborhood thats what is being explained here almost everywhere now its empty place like brixtone are empty becaus rich bankers usually go on vaction and they dont live somewhere for long so thats why its empty.
Sounds like free market.
Gentrification can be viewed either positively or negatively. It's the fixing up of an area or homes to make it a more beautiful place, but it also can displace people with low income, as they cannot afford to live there when the rent and property values go up. Some people like it. Some people don't. It's mind boggling to come up with a solution that everyone would like.
Fight to maintain your identity🇬🇧
is that really happening ? The Dissapereance of all wrong ?
yep, South Park covered that ...
No just a Chinese town
Can't afford it, don't buy it. Free market.
Government is not responsible if you can't afford rent or a bowl of cereal.
Earn more or move to a cheaper neighborhood.
Do you really have to bleep a group's name? Just say it as it is! You are NOT cursing at anyone. You're saying a name.
Yeah. I like the way everyone thinks of eighties yuppies, and they're super-passé, instantly identifiable clichés... and yet, by going to university and getting an overpaid desk-bound admin job, you're instantly becoming a thousand times more pointless and greedy than any yuppie you can think of. What's next? Everyone laughing at how shit Fraggle Rock was, but still going around dressed as Gobi and Red?
$5-$7 for a bowl of cereal.
Why would to censor their name? That goes against educational values
My neighborhood turned into Asia this city was all American city now I'm surrounded by Asian markets and restaurants we the only country that allows this sell out of our communities san gabriel valley California
Putting a motion in comments section to make UA-cam censor free from all curse words.
All in favor say Ayy!
Ayy!
+Ltheyolomeister Thanks Sir/Madam :)
And Glad you didn't Go all reptilian,Appreciate it.
Ayy!
yeah cities should be for poor people only right?
+TheColorfulPube cities being only for poor people =/= cities not being only for the rich
oi oi to the specials
1:01
Don'r worry,we have muslims to take our place
its pc culture and the ads
Ghost town London
Let Refugees settle there... :)
Sodosopa
bc minorities
Get a job, or be smarter and you can pay you rent. Simple as that.
but there aren't enough jobs that pay well for everyone
20 Dollar Gold Piece So there aren’t enough jobs that pay well for everyone you say? So how many immigrants a year come up the UK? If there are already so few jobs that pay well for the natives. Why import loads of more people then? That makes absolutely no sense.
why the beeps to censor?