Category Archives: Housing

Housing and property rights are probably the most frustrating practical issues for everyone, why so?

Propaganda

It’s propaganda! And there’s nothing wrong with circulating information to promote a good cause. But is the propaganda factual and the cause good?

This is a response to a false propaganda piece that I saw on facebook some months ago. It concerns a cartoon by Milt Priggee that seems to lay blame for the US foreclosure crisis upon “free market capitalism”.

But is the property market an example of free market capitalism?

Sources:
Definition of ‘Free Market’
Investopedia http://www.investopedia.com/terms/f/freemarket.asp

Definition of ‘Capitalism’
Investopedia http://www.investopedia.com/terms/c/capitalism.asp

Definition of ‘Barriers To Entry’
Investopedia http://www.investopedia.com/terms/b/barrierstoentry.asp

Cartoon by Milt Priggee, Puget Sound Business Journal

The Housing Problem

I take a good look at Britain’s housing problem – the extortionate and unaffordable cost of homes in the UK. I trace the problem back to the Norman conquest that perpetuated centuries of land shortage, inflating rents and labour prices leading to stifled economic development.

In contemporary Britain there is a struggle between the wealth elites and the middle to upper classes who stand to lose a lot of money if new housing developments speeds up. The middle classes would prefer redevelopment of “brown field” sites, but this is less profitable and risky for developers.

Presently building a new property requires navigation of many hundreds of pages of planning and building regulations, that’s even if you can obtain some land!

Where will it all end? I rather suspect the middle classes are going to be burnt one way or the other. Prepare for some upset Daily Telegraph readers!? Maybe, the struggle isn’t over yet.

Sources and further reading:
The Progress Report Review of Who Owns Britain
http://www.progress.org/revwob.htm

Country Life, Who Owns Britain
http://www.countrylife.co.uk/countryside/article/506868/Who-owns-Britain-Top-UK-landowners.html

New Statesmen, The coming battle over land and property
http://www.newstatesman.com/society/2010/10/land-tax-labour-britain

The Telegraph, Hands Off Our Land
http://www.telegraph.co.uk/earth/hands-off-our-land/8745367/Hands-Off-Our-Land-by-numbers.html
The ironically titled campaign by this middle/upper class newspaper to try and stop people from developing on land they own!
(cos that will spoil views, risk negative equity and leave plebs living next door?)

NHBC Foundation
http://www.nhbcfoundation.org/Publications/Primary-Research/Prospects-for-the-UK-house-building-industry-NF39

Image of Charlies House used with permission.

http://naturalhomes.org/save-charlies-house.htm

BS Sells Papers!

A quick but informative rant about recent front-page news in the Express newspaper.

Gross mortgage lending jumped over 20% last month, latest CML figures suggest
http://www.propertywire.com/news/europe/uk-property-lending-surge-201306207914.html
Increasing house prices may just be a result of increased lending. This is actually a boom in debt! But look how the mass media report this…

Booming Britain: Joy for millions as house prices rise six months in a row
http://www.express.co.uk/news/uk/420251/Booming-Britain-Joy-for-millions-as-house-prices-rise-six-months-in-a-row
this is propaganda of the kind one would expect in a communist regime

Now the Great British ‘fry-up’ can help to fight diseases and obesity
http://www.express.co.uk/news/health/420246/Now-the-Great-British-fry-up-can-help-to-fight-diseases-and-obesity
advertising for the meat and egg industries