Foreign investors in London are snapping up housing at an alarming rate and London Mayor Tory Boris Johnson is playing into their hands by allowing pricing of new builds to be out of the reach of many local people.
Days ago The Independent reported "The Mayor has just approved a block of luxury flats where the only 'affordable' spaces require an income of at least £100,000." That will do nothing to help the poor and vulnerable in the Capital.
But Boxing Day the Guardian reports "10 investors own sites for 30,000 homes, data shows, with interest from Abu Dhabi and China in Hyde Park site".
And of course the sad fact is that the houses will act as 'safe-deposit-boxes' for investors but do nothing to ease the housing crisis in London.
Along with the crippling Bedroom Tax this monopoly will add to the woes of the homeless and low income families.
It makes you wonder how little the Bedroom Tax has to do with cutting welfare budgets and how much it has to do with a form of ethnic cleansing in London.
Hard up, low income families are being forced to move out of London freeing up over-priced property for a handful of fat-cats.
Who in government then is making big money out of this shambles?
In November Boris Johnson, London mayor, reported the Guardian "denies allegations of over-cosy relations between officials and company chosen to run development project"; a Chinese company that had been awarded a contract but had a record of evictions in Beijing.