London: the city that ate itself

Re:London: the city that ate itself by nine_k on Tuesday June 30, 2015 @12:30AM (#9802969)

"Extraordinary rent" is, to me, when the property in a high-demand place is vacant for prolonged periods of time, due to the price. Probably occupancy figures are available somewhere publicly; if so, this statement can be checked against reality.

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Re:London: the city that ate itself by vidarh on Wednesday July 01, 2015 @08:16AM (#9811329)

Properties are almost never left empty due to "extraordinary rent". Landlords that want to rent out typically lowers their rent demands until they fill the property. Rents at ~5% of the purchase price is, with current mortgage rates, in any case a perfectly competitive rate.

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