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London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#12
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Arthur Conan Doyle wrote:
Arthur Figgis wrote: I know it is one of those things that "everyone knows", but has anyone ever looked into to the extent of this? Are there huge numbers of flats which could lower general property prices/reduce commuting/house the homeless/facilitate more immigration (delete accoording to taste), or it it one of those things which someone once suggested and it just stuck? And of course ignores the benefits of unoccupied flats - i.e. although they still pay council tax on the full value of the property, they create zero polution or congestion and make no demand on services. I supose this is somewhat offset by the fact that they aren't spending any money in the area either. If there's too many of them, they create very sterile areas, with few shops, pubs, restaurants or other local amenities. In fact, some of these foreign-oriented blocks are almost designed to do that: they're attached to a luxury hotel, that provides all services. The idea is that the foreign owners use them as holiday or guest homes, occupied for a few weeks or months a year, with the occasional occupants getting whatever they need from the host hotel. They probably never use the marble kitchen, fancy washing machine, etc. Just let the hotel know when they're arriving on a visit, and it organises limo transport from the airport, stocks the fridge as required, makes bookings in the hotel restaurants or gourmet room service, dry cleaning, and anything else the concierge can organise. And, of course, at the end of the visit, the hotel organises limo transport to the airport, and cleans up the flat to perfection. I think this is what what some rich parents of foreign students in Britain do. They can visit London for school/college holidays, and indulge in some shopping/shows/sporting events at the same time. And it's an essential bolthole if their home country has a coup or just an aggressive anti-corruption drive. In between, it's a fairly secure home for some of their dodgy wealth. |
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