Quote:
Originally Posted by casper
I would disagree.
The intake of "students" over the last two years is a red-herring. A short-term spike. While it likely added to the problem, it clearly has not cause an increase in housing costing. Housing prices have been for the most part stable for the last two years.
The "students" are not the cause of the crisis. If they were, the fact those numbers have now been reduced would have "solve the problem". No additional action would be required. Clearly that is not the case.
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We have had high levels of sustained immigration and students for some time. Yes more recently it has exploded.
Arguably in 2021 with rock bottom rates we weren't really in a crisis. As rates soared prices should have fallen but they didn't because of the surge of students. Fake students mostly. Conversely we could thank the government for avoiding panic selling by landlords. Of course this is all speculative but certainly rents are higher than they would be without these students. Other prices are less clear as we would have had labour shortages causing a spike in wages which would hurt those of us not competing with fake students and of course helped those at the entry level.
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