@johnrworrall.bsky.social
After twenty years chartered surveying in London, Sydney and Weston-s-Mare, not necessarily in that order, I saw that life was too short and turned to scribbling and snapping because it was more fun.
Out on July 15th from Amberley Publishing. The death of a national asset foretold.
June 1, 2025 at 7:31 AM
Out on July 15th from Amberley Publishing. The death of a national asset foretold.
..and make inherited property wealth a separate tax category.
January 13, 2025 at 12:32 PM
..and make inherited property wealth a separate tax category.
....and here's the other:
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
January 7, 2025 at 5:44 PM
....and here's the other:
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
...here's one:
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
January 7, 2025 at 5:43 PM
...here's one:
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
...and here's the other....
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
January 7, 2025 at 5:37 PM
...and here's the other....
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
There would of course be negative equity and grief for the banks – they whose profligacy led to the financial crisis at the root of this housing crisis.
....and so I give you two missing paragraphs.. Here's one:
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
....
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
....
January 7, 2025 at 5:36 PM
....and so I give you two missing paragraphs.. Here's one:
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
....
Greater affordability means the values of all homes coming down, but for that to happen within the mortgageable years of the present un-endowed cohort would now take the puncturing of this Ponzi scheme by government intervention.
....
Developers won’t increase supply to where they have to drop prices. They pocket the planning consents and take their time, and threat of fines wouldn’t impel them because they wouldn’t take on sites with such unquantifiable downsides. Starmer and Rayner should acknowledge that – if they know it.
December 24, 2024 at 12:58 PM
Developers won’t increase supply to where they have to drop prices. They pocket the planning consents and take their time, and threat of fines wouldn’t impel them because they wouldn’t take on sites with such unquantifiable downsides. Starmer and Rayner should acknowledge that – if they know it.
Supply can’t fix affordability because, even if simple arithmetic didn’t rule it out, developers as ever won’t increase it to the point where they have to drop prices. They’ll simply pocket planning consents and take their time. “Skills shortage” is being wheeled out as a smokescreen for that.
December 14, 2024 at 9:19 PM
Supply can’t fix affordability because, even if simple arithmetic didn’t rule it out, developers as ever won’t increase it to the point where they have to drop prices. They’ll simply pocket planning consents and take their time. “Skills shortage” is being wheeled out as a smokescreen for that.
A lot have commandeered living units to turn into private profit streams through Airbnb and the like, decimating the private rented sector in many areas. One urgent need is for short-term holiday lets to need planning consents.
December 13, 2024 at 5:20 PM
A lot have commandeered living units to turn into private profit streams through Airbnb and the like, decimating the private rented sector in many areas. One urgent need is for short-term holiday lets to need planning consents.
Prices have risen not through shortage but a decade and a half of interest rates near zero when investors moved cash from deposit into bricks and mortar, prices then consolidated by snowballing inherited property wealth. No arbitrary building targets will get anywhere near correcting that.
December 13, 2024 at 4:58 PM
Prices have risen not through shortage but a decade and a half of interest rates near zero when investors moved cash from deposit into bricks and mortar, prices then consolidated by snowballing inherited property wealth. No arbitrary building targets will get anywhere near correcting that.
For supply to lower house prices would need developers to increase it to the point where they had to drop prices and then keep building – and incurring losses – while prices continue to fall. Get that past the shareholders? Don’t think so.
December 13, 2024 at 4:28 PM
For supply to lower house prices would need developers to increase it to the point where they had to drop prices and then keep building – and incurring losses – while prices continue to fall. Get that past the shareholders? Don’t think so.
My kids never dung that for me. I've had a deprived parenthood.
December 13, 2024 at 4:16 PM
My kids never dung that for me. I've had a deprived parenthood.
For supply to fix affordability, even if simple arithmetic allowed it, developers would have to increase it to where they had to drop prices and keep building while prices kept falling. But they’ll pocket the planning consents and take their time. She knows that...or should.
December 12, 2024 at 2:29 PM
For supply to fix affordability, even if simple arithmetic allowed it, developers would have to increase it to where they had to drop prices and keep building while prices kept falling. But they’ll pocket the planning consents and take their time. She knows that...or should.
Prices have been inflated by low interest rates, not shortage, and could be brought down by puncturing – several options available. But that would mean negative equity and grief for the banks. So the default is to protect the haves from the have-nots.
www.theguardian.com/politics/202...
www.theguardian.com/politics/202...
There’s no point building homes that people can’t afford | Letters
Letters: Readers respond to Polly Toynbee’s article about the tussle between central government and local planners in Kent
www.theguardian.com
December 12, 2024 at 8:55 AM
Prices have been inflated by low interest rates, not shortage, and could be brought down by puncturing – several options available. But that would mean negative equity and grief for the banks. So the default is to protect the haves from the have-nots.
www.theguardian.com/politics/202...
www.theguardian.com/politics/202...
Most of them grasp it. They just avoid the fact that for prices to return to mortgageable multipliers of average earnings would need a puncturing of the market (many options available) and thus negative equity and grief for the banks. So the default is to protect the haves against the have-nots.
December 8, 2024 at 10:14 AM
Most of them grasp it. They just avoid the fact that for prices to return to mortgageable multipliers of average earnings would need a puncturing of the market (many options available) and thus negative equity and grief for the banks. So the default is to protect the haves against the have-nots.