Tuesday 29 May 2012 2.16pm
The cost is born by people buying flats as the developer has to increase the prices of the rest of the development to breakeven. Moreover, this lowers his profitability and thus the taxes he pays (which hurts all of us), there are no free lunches (except if you are lucky enough to get to buy an affordable home in SE1 that is!)
MikeC - you can commute in from a zone 2-4… and if you can’t, then I trust market forces will increase wages so you afford to commute/rent etc.. .
The word you are looking for is 'borne'.
No, the developer takes all of that into consideration when deciding that he wants to build there. If there is no profit to be made, then he will not build there. This is how business operates.
I have lived in the area all my life. I was born here. I work and contribute to society just as much as you do, if not more. Why should I, as a tax-paying citizen (bearing in mind, proportionately at least, I pay just as much tax as you do), have to move away from where my family lives and where my roots are just because I don't earn £100,000 per annum?