It is sometimes argued that policy changes which affect landlords can have no effect on the balance of supply and demand for tenants because the properties which may move between being rented and owner occupation will still exist, and will be occupied all the same. See for example these recent tweets
Reposted from my local Forum, 16 Jan, 2014, with a more helpful title, and some editing. It rambles a bit, but putting here now because it touches on various questions which arose yesterday (July 25, 2018) when I attended a consultation event on ‘De-risking’ growth in the Cambridge Milton Keynes Oxford arc. I’m thinking about… Continue reading Flooding, engineering, planning and politics
Rather than purchase land for some monetary amount, compulsorily or otherwise, and load local authorities / development corporations with debt, a South Anywhere County Development Corporation (SACDC) would issue equity to landowners whose land was affected by the JSP, in exchange for rights SACDC acquired over the land.
I am the child on the left here, feeling at home in the rented sector, and where my Dad to this day feels at home. In a few days we’ll be celebrating Christmas there again, now with grown up grandchildren.
This is something I wrote last year, but didn’t publish. I just saw a tweet to which it seems relevant, so with some minor changes I’m publishing it here now. On rereading, I feel it deserves a more thorough rewrite, but I think the central idea, a revenue neutral, non market distorting change to the… Continue reading A solution to the asset rich, cash poor problem
How are Generation Renters supposed to get on with their lives when housing is so unaffordable that they have no realistic hope of buying their own property – and quite possibly would be ill advised to do so anyway? It’s an agonising personal question for millions of young people, but I’m not aware of any… Continue reading The Long Short for Generation Rent
A while back – August 2013 – I posted this on my local Forum: I had a eureka moment about this a few days ago – the rise of the NIMBY is a consequence of greater fragmentation of freeholding. It’s obvious really – if more occupiers have the legal rights of freeholders, they will use… Continue reading Nimbyism explained – 2
Channel 4’s Dispatches last night (7th November, 2016) Britain’s Homebuilding Scandal lays the blame for restricting housing supply firmly on developers – and much of the content is also here in the Telegraph, in a piece written by the Channel 4 presenter, Liam Halligan It’s time to get building: Sajid Javid pledges to break the… Continue reading Restricting housing supply
I had one of those unsatisfactory conversations about housing recently. It wasn’t a big deal, and it was politely conducted, which is always a plus. I’ll not go into some details, because it was a private conversation, and in any case those I omit are inessential. The essence was that it would help the UK… Continue reading To more satisfactory discussions about housing
I’m currently reading Simon Schama’s “Citizens: A Chronicle of the French Revolution”. It would be superfluous to add to general praise it has won since publication nearly 30 years ago, but for what it’s worth, here’s the NYT review of it. This blog is merely triggered by his account of Turgot’s 1776 economic policy disaster. Constraints… Continue reading Adam Smith on neo-liberals