The Property Lobby: The Hidden Reality behind the Housing Crisis. Notes for a Video Dialogue with @financialeyes Ranjan Balakumaran and Roger Lewis @homeatix
The Property Lobby: The Hidden Reality behind the Housing Crisis. Notes for a Video Dialogue with @financialeyes Ranjan Balakumaran and Roger Lewis @homeatix
This Blog Post is to form the basis for an in depth discussion with Ranjan following from our Analysis of the Friary Park and westferry printers Sites back last summer 2020. Same old shit different day Com Ce Com Ca! The Property Lobby: The Hidden Reality behind the Housing Crisis by Bob Colenutt
My rating: 5 of 5 stars
An Excellent look at the UK property Market.
All the parameters are defined clearly and the Authors own
take is refreshingly present throughout.
This book along with Chloe Generation RentTimperly's Generation Rent,
Both add significantly to the DIalogue which should be happening around the "Housing Crisis"
These are questions which this reviewers own Volume House Building company is actively engaged with.
Home@ix The Affordable Homes Series
Well done Bob Colenutt on setting out this intractable perennial of British Political Economy.
View all my reviews p29-33 Hidden Reality Colenutt1 Colenut 2p9 2 p 33 Colenut housebuilding by tenure from 1946 Moduloft THE AFFORDABLE HOUSING MANUFACTURERS. Source Book ( for defining the Problem) Peach p37 Colenut https://en.wikipedia.org/wiki/The_Emperor%27s_New_Clothes_(2015_film) New Era estate The New Era estate is a housing estate in Hoxton, in the London Borough of Hackney, part of East London. Approximately 100 families lived on the estate in 2015. The New Era Tenants' Association of estate residents had been involved in protests over the increase in rents proposed by its new landlord, the U.S.-based investment fund Westbrook Partners. After Russell Brand joined the protests in 2014, footage of his clash with a television reporter at a 10 Downing Street demonstration in Westminster went viral on YouTube, bringing the issue to greater public notice. A petition raised 350,000 signatures in support of the residents, and Hackney Council became involved in negotiations with Westbrook Partners. In December 2014, it was confirmed that the housing estate was to be sold to the affordable housing group Dolphin Living, a housing provider owned by the Dolphin Square Charitable Foundation. https://en.wikipedia.org/wiki/Lindsey_Garrett https://www.hackneycitizen.co.uk/2014/11/14/benyon-estate-withdraws-new-era-estate-rent-hikes/ Conclusion preface 1 colenut Conclusion colenut preface 2 The Calcutt Review, A georgist christmas carol p52 One aspect of the analysis is the framework driven public private partnerships typified by the Catalyst/Mount Anvil deal in Friary park acton and the loan to Mt Anvil from the GLA mayor, Sadiq Khan. This aspect of the MMC efforts to provide more affordable housing is aptly summarisedhere by Gerry McCaughey, “Homebuilders aren’t builders; they are more land acquisition and marketing guys.” They don’t create project value by opening a building faster or for less money. They create value by taking a piece of property, building something, and then marketing that new thing. Their ability to do this successfully determines the overall success of that project more than any other variable. Developers need a product to market, and manufacturers can create that product and the brand to match. "
Another distinction in the Two cheeks of the same arse question is the role played by the Macro prudential regulations of International finance. for a discussion of this see Income inequality, mortgage debt and house prices Bank of England research Paper by Sevim Kösem . A MortgageMaxM@ix and Home@ix group response.5 For instance, the growing informalization of work in major global cities of the North beginning in the 1980s is often described as a mechanism to lower costs of production. It is that, but it is also a more complex dynamic that contributes to the deepening of advanced capitalism. In my research I find that some (not all) of the components of this informalizing of work are the systemic equivalent of the deregulation of major advanced economic sectors, notably finance and telecommunications. It adds particular forms of ‘flexibility,’ i.e. needed components of production and work for the advanced sectors that could not function /survive formally (Sassen, 2006, ch. 5 and 6). 6 Elsewhere (Sassen, 2008b, 2008c) I examine these two cases through a specific lens: the assemblages of specific processes, institutions, and logics that get mobilized in this systemic transformation /expansion /consolidation. Comparing the current assemblage of elements that enables the operations of ‘PA’ as systemic deepening with those of the original in Marx also is a way of establishing the differences—the specific historical and systemic differences. Focusing on assemblages of elements involved in these shifts, rather than positing more deterministic dynamics, also enables factoring in contingency. And here is where a strict application of Marx’s concept of PA cannot work, which can then lead some to object to the use of the category to capture some specific current transformations. http://www.columbia.edu/~sjs2/PDFs/savage.pdf https://notthegrubstreetjournal.com/2013/06/05/democracy-and-the-state/ https://aluation.wordpress.com/2011/06/01/coercive-aggregation-and-the-poor/ Exegi Monumentum By A.S. Pushkin Translated by A.Z. Foreman We heard him say, "I will destroy this temple that is made with hands, and within three days I will build another made without hands." -Mark 14:58 I've reared a monument not built by human hands. The public path to it cannot be overgrown. With insubmissive head far loftier it stands Than Alexander's columned stone. No, I shall not all die. My soul in hallowed berth Of art shall brave decay and from my dust take wing, And I shall be renowned while on this mortal earth A single poet lives to sing. Tidings of me shall spread through all the realm of Rus And every tribe in Her shall name me as they speak: The haughty western Pole, the east's untamed Tungus, North Finns and the south steppe's Kalmyk. And long shall I a man dear to the people be For how my lyre once quickened kindly sentiment, I in a tyrant age who sang of liberty, And mercy toward fallen men. To God and his commands pay Thou good heed, O Muse. To praise and slander both be nonchalant and cool. Demand no laureate's wreath, think nothing of abuse, And never argue with a fool. http://poemsintranslation.blogspot.com/2013/10/pushkin-exegi-monumentum-from-russian.htmlThis is an interesting paper, I am tempted to place it in the Not even wrong category. At least it asks the question. https://www.bankofengland.co.uk/working-paper/2021/income-inequality-mortgage-debt-and-house-priceshttps://www.constructionnews.co.uk/archive/how-jones-aims-to-put-the-verry-brand-on-the-map-02-02-2006/I think my Analysis from last year remains more robust than this Discredited General Equilibrium model approach. I will write a critique of the paper over the weekend. https://www.yumpu.com/en/document/view/65066398/affordable-homes-a-framework-of-understanding Moduloft:The Affordable Housing Manufacturer Introduction to Our Series on understanding The Affordable Homes Equation.
Conclusion: The Expulsion of People and the Incorporation of Terrain The potential for global replication of the financial innovation that destroyed 15 million plus households in the US, therewith devastating whole neighborhoods is the systemic equivalent, albeit on a much smaller scale, of the global South countries devastated by an imposed debt and debt servicing regime which took priority over all other state expenditures. These are two manifestations of a systemic deepening of advanced capitalism, one marked by its potential to spread globally and the other marked by its full enactment in the global South. Both cases can be seen as part of a much larger process of financial deepening, one of today’s major dynamics characterizing advanced capitalist economies. Financial deepening requires specific mechanisms, which can be extremely complex, as in the case of the type of subprime mortgage examined in this article, or they can be quite elementary, as in the debt servicing regime that took off in the 1990s. I examine these two cases through a specific lens: the transformative processes that expand the base of current advanced capitalism. Particular attention went to the assemblages of specific processes, institutions, and logics that get mobilized in this systemic transformation/expansion/consolidation. One way of thinking of this systemic deepening is as the expansion of the operational space for advanced capitalism—it expels people both in the global South and in the North even as it incorporates spaces. The devastated economies of the global South subjected to a full decade or two of debt servicing, are now being incorporated into the circuits of advanced capitalism through the accelerated acquisition of millions of hectares of land by foreign investors—to grow food and extract water and minerals, all for the capital investing countries.This also holds for such a radically different instance as the sub-prime mortgage crisis, a largely global North dynamic. I see the sub-prime mortgage as extending the domain for high finance but ina way that delinks the financial circuit from the actual material entity that is the house, and hence from the neighborhood, and from the people who got the mortgage. All of these materialities are excluded from this type of articulation with high-finance—which means that the devastated neighborhoods are expelled from what are, strictly speaking, also traditional circuits of capital. It is akin to wanting only the horns of the rhino, and throwing away the rest of the animal, devaluing it, no matter its multiple utilities. Or using the human body to harvest some organs, and seeing no value in all the other organs, let alone the full human being—it can all be discarded.But unlike the clear realignments we see in vast stretches of the global South, it is not clear how these devastated urban spaces in the global North will be incorporated into the circuits of advanced capitalism. This systemic shift signals that the sharp increase in displaced peoples, in poverty, in deaths from curable illnesses, are part of this new phase. Key features of primitive accumulation are at work, but to see this it is critical to go beyond logics of extraction and to recognize the fact of systemic transformation, with its system-changing practices and projects—the expulsion of people that transforms space back to territory, with its diverse potentials.
An exploration into the failure of ‘lean’ John Seddon and Brendan O’Donovan, Vanguard Consulting Structured Abstract: The purpose of this paper is to show that the ‘Lean’ (Womack and Jones 1996) movement is based on a flawed interpretation of innovations that originally occurred at the Japanese automotive manufacturer Toyota in the 1950s. By looking at the history of this movement and recent criticisms of high-profile lean implementations, the authors argue that the codification of Toyota’s innovations ran counter to the instructions of the original architect of the Toyota Production System, Taiichi Ohno. As a result, modern leaders following lean programmes in service organisations have been led to expect change to come in the form of improvement projects which have been packaged as a series of tools and techniques. Leaders are expected to know what their problems are without having thoroughly studied their organisations from a customer’s perspective. A false assumption has been encouraged that knowledge is inherent in the lean tools. Consequently, claims for lean improvements are therefore usually marginal (minor process improvement) and often illusory (e.g. they create changes in activity costs which do not reflect an increase in the total cost). Instead, by following Ohno’s requirement that leaders study their systems in order to gain understanding of current performance, service organisations are shown to have demonstrated substantial improvements through changing the system. For these reasons, the authors argue that lean is a busted flush. Keywords: Lean, failure demand, service archetypes
Home@ix and the Verrym@ix Team. Vorsprung durch Verrym@ic
page 58-59 in the document and pages 28-29 in the original publication ( see below)
An exploration into the failure of ‘lean’
John Seddon and Brendan O’Donovan, Vanguard Consulting
The purpose of this paper is to show that the ‘Lean’ (Womack and Jones 1996) movement is
based on a flawed interpretation of innovations that originally occurred at the Japanese
automotive manufacturer Toyota in the 1950s.
Lean from Supply Chains, a Covid Context.
See The Unicorn Is dead, Long Live the Unicorn. OFr other stories of getting it wrong through too narrow a view or misapplication of a misunderstood concept.
Grand Designs s08 ep06 bath the bath kit house. Why Home@gineers like our Verrym@ix "Volume Housebuilder skill Set!" Self Build Pitfalls.
Grand Designs s08 ep06 bath the bath kit house. Why Home@gineers like our Volume Housebuilder skill Set!
00:10:35,080 --> 00:10:40,960 I think when we first thought we'd really like to have a German house, we were rather seduced by all the glossy adverts that suddenly started to appear. We started a dialogue with a couple of companies,and we very soon discovered to our great disappointment that it wasn't quite so straightforward.Kevin attempts to help helps Tiffany and Jonny with their dream of creating an ultra-modern, eco-friendly home in Bath in the west country. Rather than go down the traditional building route, Tiffany and Jonny opted for a German pre-fabricated kit house with great green credentials. But before they could even think about building their house they had to prepare their site: a fiercely steep hillside. Tiffany and Jonny embarked on the biggest ground works project Grand Designs has ever seen, costing around Â£300,000. And, just when they were about to complete these mammoth works, the weather turned bad and disaster struck. Their neighbour's wall collapsed in a storm. The resulting damage could have cost them nearly Â£100,000. Determined to carry on, even through 80 tonnes of extra mud, Tiffany and Jonny persevered, and a year into their project, were finally able to go to Germany to choose their house. Every fixture and fitting had to be decided and, once made, no changes were allowed. Now, with the promise of the house taking only five days to go up on site, and with no possibility of landslides, hopefully their build will now run smoothly. grand designs s08 ep06 bath the bath kit house hd watch
Income inequality, mortgage debt and house prices Bank of England research Paper by Sevim Kösem . A MortgageMaxM@ix and Home@ix group response.
Home@ix ( formerly Moduloft ) a Manufacturing and Customer Financing solution to enabling owner occupation for the Reluctant 10 per-centers. “our product is aimed at what we call the reluctant 10 per-centers and what i mean by that is if you envisage the property ladder as 100 rungs, since 2009 home ownership has fallen from 75% of occupation to 65% so there were 25% of people in the rental sector across all types of rental property in 2009 now in 2020 there are 35 percent and it occurred to me that those 10%of people, that 10 rungs of the property ladder would rather buy than rent and so what we've addressed the reasons why they haven't been buying and have been renting instead”
Roger Lewis ,
I found this interesting article by Sevim Kösem linked to from
theWEF Real Estate portal this morning.
At Mortgagemaxm@ix and across the Home@ix group of companies we
are committed to the Reluctant 10 percenters.
Moduloft is committed to the Entry Level budget homeownership Market. Delivering affordable Homes and the means to Finance them literally without costing the earth.
Moduloft is Green by design, and Affordable by design , we are experts in materials passports, Energy based economics and Placemaking.
We do have questions though regarding the Agenda 2030 sustainable development goals and whether financial products are being developed for our Customer price point.
This coming week we will publish a series of discussion papers surrounding the question. Is 21st Century Britain, in 2021, going to be a Home Owning democracy or a Rent seeking Banana Republic?
Real-Estate Land Development Limited <email@example.com>Fri, Jun 18, 2021 at 7:34 AM
To: Emma Sugrue <firstname.lastname@example.org>
Cc: Rob Thomas <Rob.Thomas@instinctif.com>, Roger Lewis <email@example.com>, Chris Phillips <firstname.lastname@example.org>, Nicola Evans <email@example.com>, Shakirah Akinwale <firstname.lastname@example.org>, Michael Judd <MichaelJudd@hawkinsbrown.com>, Greg Manson <email@example.com>, Richard Werner <firstname.lastname@example.org>, Richard Werner <email@example.com>, Dominic Cullinan <firstname.lastname@example.org>, Tilley Harris <email@example.com>
Dear Rob and Chris,
Income inequality, mortgage debt and house prices.Published on 21 May 2021Staff Working Paper No. 921By Sevim Kösem
This is an interesting paper, I am tempted to place it in the Not even wrong category. At least it asks the question.
I think my Analysis from last year remains more robust than this Discredited General Equilibrium model approach.
I will write a critique of the paper over the weekend.
Moduloft:The Affordable Housing Manufacturer Introduction to Our Series on understanding The Affordable Homes Equation.
Rob, I will be in the UK from End of June and able to Enter society after quarantine around 9th July , I will set up for us to go and see Oaknorth about their Mortgage License then.
Are you going to be around in July or are there dates to avoid?
Housing Market Fundamentals including Debt. From Shiller’s Irrational Exuberance to The Covid19 Debt Bomb.#COP26 Moduloft Primer.
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If You Liked this article you might also find some of our content and research on Linkedin of interest. See the latest Linkedin Article The Katerra Post Mortem. The Unicorn is Dead, Long Live the Unicorn. On the Home@ix Yumpu Chanel