This week, it's a different day, different venue:
The Golden Fleece
8 Queen Street
London
EC4N 1SP
Joe Momberg hosting from 19.15
(Venue changed from The Vintry, Abchurch Yard etc.)
Wednesday, 25 November 2015
Thursday, 19 November 2015
YPP meet-up, tomorrow Friday 20 November.
The Brewmaster (which is nowhere near as pretentious as their website), Leicester Square Tube, Exit 1 and turn left and left again into the alleyway (St Martin's Court) from about 5.20 pm.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: Corbyn has drifted so far off piste, maybe our gap in the market has opened up again.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: Corbyn has drifted so far off piste, maybe our gap in the market has opened up again.
Tuesday, 17 November 2015
Another Home-Owner-Ist milestone is within grasping distance...
From City AM:
In ten years time only 26 per cent of so-called “generation rent”, those aged between 20 and 39, will own their own homes according to a study by accountants PwC.
In 2013, 38 per cent of those in that age group had bought a house. The amount of 20-39 year olds renting privately by 2025 is expected to have ballooned to 59 per cent, up from 45 per cent in 2013.
Richard Snook, an economist at PwC said:
“The continual advance of house prices, which have for outstripped growth in earnings, is fundamentally changing the way that people live. Changing the outlook for generation rent will require us to build more houses than need just to match population growth in order to make up the past shortfall between housing supply and growth in demand.”
Not much of an economist, is he?
Firstly, there's not much hard evidence to show that building more homes gets prices down (unless you build them in entirely the wrong place, in which case they are not homes, they are just piles of bricks), only blind faith.
Secondly, who does he think will be snapping up those new builds?
Answer: exactly the same 'equity rich' Baby Boomers who are snapping up a disproportionate number of any other homes which are up for sale. At present, the ratio is one BTL purchase to two first time buyers, but that ratio is worsening (or improving, from the Homeys' point of view).
And whatever happens, all those new builds are a net transfer of wealth to large landowners.
In ten years time only 26 per cent of so-called “generation rent”, those aged between 20 and 39, will own their own homes according to a study by accountants PwC.
In 2013, 38 per cent of those in that age group had bought a house. The amount of 20-39 year olds renting privately by 2025 is expected to have ballooned to 59 per cent, up from 45 per cent in 2013.
Richard Snook, an economist at PwC said:
“The continual advance of house prices, which have for outstripped growth in earnings, is fundamentally changing the way that people live. Changing the outlook for generation rent will require us to build more houses than need just to match population growth in order to make up the past shortfall between housing supply and growth in demand.”
Not much of an economist, is he?
Firstly, there's not much hard evidence to show that building more homes gets prices down (unless you build them in entirely the wrong place, in which case they are not homes, they are just piles of bricks), only blind faith.
Secondly, who does he think will be snapping up those new builds?
Answer: exactly the same 'equity rich' Baby Boomers who are snapping up a disproportionate number of any other homes which are up for sale. At present, the ratio is one BTL purchase to two first time buyers, but that ratio is worsening (or improving, from the Homeys' point of view).
And whatever happens, all those new builds are a net transfer of wealth to large landowners.
Thursday, 12 November 2015
YPP meet-up, tomorrow Friday 13 November
The Brewmaster (which is nowhere near as pretentious as their website, Leicester Square Tube, Exit 1 and turn left and left again into the alleyway (St Martin's Court) from about 5.20 pm.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: The London Assembly/Tom Copley LVT thing and the LVTC website.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: The London Assembly/Tom Copley LVT thing and the LVTC website.
Thursday, 5 November 2015
YPP meet-up, tomorrow Friday 6 November
I couldn't do last week because I had to do the accounts for the Land Research Trust over the weekend.
But tomorrow, back at The Brewmaster (which is nowhere near as pretentious as their bloody website), Leicester Square Tube, Exit 1 and turn left and left again into the alleyway (St Martin's Court) from about 5.20 pm.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: House of Lords "Economics of the Housing Market" enquiry. Tbey have to ask??
But tomorrow, back at The Brewmaster (which is nowhere near as pretentious as their bloody website), Leicester Square Tube, Exit 1 and turn left and left again into the alleyway (St Martin's Court) from about 5.20 pm.
We put a yellow YPP leaflet on the table so you can recognise us. Contact me at gmwadsworth@gmail.com or on 07954 59 07 44 if you need more info.
Topics: House of Lords "Economics of the Housing Market" enquiry. Tbey have to ask??
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