Tuesday 30 January 2018
Saturday 27 January 2018
TWO GOOD ARTICLES IN TODAY’S PAPERS (SAT 27 JAN, 2018)
TWO GOOD ARTICLES IN TODAY’S PAPERS (SAT 27 JAN, 2018)
“Building more homes won’t solve the
housing crisis”
And over in Ireland comes the
explanation that too many people actually like rising house prices. There is a
coalition of the greedy and the desperate who would be horrified if prices were
to crash.
Friday 19 January 2018
EXCESSIVE HOUSE PRICES—HOW THEY LET IT HAPPEN
[of course it’s the price
of LAND that is boosting the price, so in this extract I’ve added LAND to
housing]
Here are four ways the State reinforces the hyper-commodification
of housing LAND to make the
price of housing so expensive.
—First, the state
deregulates mortgage lending, ends rent control, and privatizes public housing LAND in the U.S. and U.K.
—Second, the state allows
financialization of housing LAND by the banks pooling mortgages and selling them
as “liquid assets.”
—Third, the state
allows globalization of housing LAND with foreign investors speculating in U.S. housing
or buying luxury housing as an investment which were never meant to be lived
in.
—Fourth, the state
allows gentrification to increase landlords’ profits with huge rent increases.
https://www.counterpunch.org/2018/01/19/the-myths-of-housing-policy/
In a review of
David Madden and Peter Marcuse’s
thought-provoking book In Defense of Housing asks us to rethink the U.S. housing
crisis.
Wednesday 3 January 2018
THE FIX: GIVE EVERYONE £40 P.A. TO HELP PAY THE NEW LAND VALUE TAX
THE FIX: GIVE EVERYONE £40 P.A. TO HELP PAY THE NEW LAND VALUE TAX
What’s
wrong with abolishing Stamp Duty completely in one fell swoop, and replacing it
with a simple mini-LVT based on the value of the plot your house stands on?
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