UPDATE AND OVERVIEW REALRLD AND HOME@IX
13. "In this response, it is assumed The Committee is seeking to further the public interest, even where this may conflict with the private interests which usually dominate the analysis and debate. This will pose a major challenge to those who have learned their analysis exclusively through channels devoted to promoting private interests, and must "unlearn" erroneous but pervasive assumptions and principles". Dr Adrian Wrigley quoted from the Fiscal Reform group paper submitted to the Commons Select Committees > Treasury > Our first major research paper was released in 2020 in which that quote featured much of the subject matter we address is subject to a highly polarised and continuing political debate we ask our readers to take up Dr Wrigleys challenge and at least suspend, if not, "unlearn" erroneous but pervasive assumptions and principles". The Affordable Finance a framework of understanding is augmented by the Home@ix mindmap at this link.
Real RLD relaunched in the Spring of 2020 In July of 2020 I was invited to participate in a webinar, the one in the video below.
Regeneration projects in the UK have been a topic of interest for many years, and the current pandemic and Brexit have only added to the complexity of the situation. However, there is still hope for the industry, as the government has recently announced a bill and the Chancellor's news on stamp duty and green housing, which are viewed positively by industry experts.
One of the key issues that need to be addressed in these regeneration projects is the importance of well-being, diversity, and zero carbon. The industry needs to focus on creating a sense of place and considering environmental factors such as sea level rise. The potential of modular construction for sustainability and affordability is also being highlighted by industry experts. Community engagement is another crucial aspect of regeneration projects, especially in housing development. The housing mix has shifted from 75% owner occupation to 65% owner occupation in the last 10 years, and planning policy, finance, and the market all play a role in the number of people who are involuntarily renting. It is essential to focus on affordable housing for young couples and key workers. Inner cities have become too retail-focused and forgotten about people, places, and purpose. Regeneration with ambition can restore prosperity to inner cities. However, greenfield and brownfield developments bring different challenges to regeneration. Regeneration involves fixing and improving existing communities, while development involves creating something new. Future-proofing regeneration projects in a rapidly changing world is a challenge that requires balancing speed of construction with long-term sustainability. The focus on creating a sense of place in regeneration projects is critical for their success. Public engagement is important to understand how people want to use the space. Regeneration is about creating benefits that go beyond the physical building. The government's proposal for zoning in the UK is being discussed, with some believing it will help with planning. Overthinking and over-legislating can hinder progress, and some believe local authorities are essential for private industry to take action. The speaker also discusses the option of digging land deeper to create a podium deck for services and logistics. They plan to build higher to factor in predicted sea level rises. The city is working with the Environment Agency to build flood defenses. The panel discusses the combination of placemaking and tangible sustainability in the future. Modular housing is becoming increasingly popular in the build-to-rent market. The speaker expects to compete with other developers in the 35 to 50 age range. The speaker praises the sustainability of modular housing and mentions importing timber frame houses from Germany. However, it is essential to note that not all people are knowledgeable about the modular housing process and should not be allowed to handle it. In conclusion, regeneration projects in the UK are facing several challenges, but there is still hope for the industry. The focus on well-being, diversity, and zero carbon is critical, as is community engagement and creating a sense of place. Future-proofing regeneration projects with long-term sustainability is also essential. Modular housing is becoming increasingly popular in the build-to-rent market, but it requires knowledgeable developers to handle it properly. Overall, there are many opportunities for the industry to grow and prosper if these challenges are met with innovative solutions.
In a recent interview, CEO of Real Estate Land Developments Limited, Roger Lewis, shared his insights on major regeneration in the UK. With plans to invest £100m in new place-making projects, Lewis is no stranger to the growth of the London property market. In fact, he became synonymous with it in the 1990s.
The focus of the interview was on major regeneration, particularly the former London Docklands Development Corporation. Lewis shared the story of its decline, containerization, and the involvement of various agencies, property developers, and bankers. He also reminisced about people he worked with in the past and shared a funny story about a snooker club photo shoot. One of the key takeaways from the interview was Lewis's emphasis on place-making over rent seeking and promoting home ownership. He believes that community infrastructure levy payments should not be operated as a wealth tax as it becomes anti-development. Instead, we should focus on building affordable homes and being place makers rather than rent seekers. Lewis's firm employs original techniques to attract people to unpopular places. For example, last summer they offered a Ford Probe and vouchers for Valentino to non-signers for industrial space. They also used a woman in a wetsuit in advertising for South Quay Plaza, which caused controversy. 33 Mill Harbor was a high-density development in the late 90s, and Galliard has since started more high-value developments. Large-scale urban regeneration can revitalize and bring prosperity back to inner cities. The Jubilee Line contribution for Canary Wharf and debt into property were discussed by Robert John. However, build to rent may be heading towards anti-development. The Old Dogs neighborhood plan is opposed as it is seen as a wealth tax. Lewis's company is working on a financial product for loft miles to encourage people to buy their own homes. In conclusion, Lewis's insights on major regeneration in the UK are valuable for anyone interested in the growth of the London property market. His emphasis on place-making over rent seeking and promoting home ownership is particularly noteworthy. As we move towards large-scale urban regeneration, it is important to remember that revitalizing inner cities can bring prosperity back to these areas.
In recent years, the issue of affordable housing has become a hot topic in the UK, with many schemes being proposed to address the problem. However, as discussed in a recent video, there are concerns about the misuse of public funds and the lack of transparency in the planning process.
The video discusses two different schemes: the Westferry Printers development accused of crony capitalism and a new development in Acton. The Acton development, backed by a housing association and a design and build contractor, recently received a £50 million loan from the Greater London Authority. The discussion raises concerns about misuse of public funds and the lack of transparency in the planning process. The proposed development at Friary Park in Acton lacks community infrastructure and affordable housing, and the property developer behind it has a commercial interest in the project. In contrast, the Westferry Printers development includes a school, sports pitches, health center, and affordable homes. However, the Mt Anvil scheme, which is qualitatively demonstrably worse, is being sold on the basis of 63% capital appreciation and empty homes. The discussion is about negotiating an even playing field and how the housing problem needs to be addressed without any more development. The criticisms are leveled against the cash boxes in the sky question. The free market entrepreneurial developer is being handed the short end of the stick. The mayor of London's policies have been criticized as non-market friendly and misallocation of land capital. The speaker believes that the mayor's policies are crony capitalist and mispricing in the market. The mayor is not enabling a private open-market developer. Instead, the speaker suggests that the mayor should follow the policies listed under section 106, addressing affordable housing, education, and public open space. In conclusion, while there is a need to address the issue of affordable housing in the UK, there are concerns about the misuse of public funds and lack of transparency in the planning process. The discussion highlights the importance of negotiating an even playing field and addressing the housing problem without any more development. The mayor of London's policies have been criticized as non-market friendly and misallocation of land capital. It is important for policymakers to consider these concerns and ensure that public funds are used appropriately to address the issue of affordable housing.
The WestFerry housing development in East London has been making headlines recently due to the controversy surrounding Housing Secretary Robert Jenrick's approval of the project. Documents revealed that Jenrick had extensive contact with developer and Conservative Party donor Richard Desmond before granting planning permission for the £1bn project.
Jenrick's decision to approve the development came despite objections from Tower Hamlets Council and a Planning Inspector. The timing of his decision, just one day before a new community infrastructure levy was due to come into force, saved Desmond up to £45m in additional charges. This has led to accusations of abuse of position and calls for Jenrick to resign. However, Jenrick has defended his decision, stating that it saved the developer up to £50m, not £250m as claimed. He also argued that the decision ensured the right proportion of affordable housing was delivered on the scheme. Additionally, the viability assessment can be rerun if the appeal scheme becomes liable for community infrastructure levy. Tower Hamlets Council has also come under scrutiny for its handling of the case. The council failed to determine the case within the prescribed period, which led to the developer's right to appeal to the Planning Inspectorate. The council has been described as a "rotten borough" by one of Jenrick's predecessors. The speaker suggests that the council should start making decisions themselves instead of frustrating planning applications. The planning system needs to be revolutionized to ensure that children do not have to fear for the future. The speaker criticizes the Labour councillors for not doing their job and urges members to make representations to the Secretary of State regarding contentious planning applications. In addition to the controversy surrounding the WestFerry development, Tower Hamlets mayor John Biggs has faced criticism for giving himself a 10% pay increase while overseeing austerity measures. Biggs has overseen a 4% increase in council tax in Tower Hamlets and led on £17.9m worth of cuts and 110 redundancies. Meanwhile, the head of the Tory group in Tower Hamlets, Peter Gold, received a 40% pay increase, while every single Labour member got new roles with no pay increases. Despite these controversies, Tower Hamlets Council has achieved a number of positive things under previous leadership. These include introducing free school meals for every primary school child, introducing the London living wage for all, keeping full council tax benefit for every recipient, replacing the educational Maintenance Allowance at the local level, introducing a £1500 bursary for every single student from the borough that attended University, banning contracts with firms that blacklisted trade unionists, not charging for elderly personal care until 2015, refurbishing every council home through a decent homes program, and ensuring all children's centers, libraries, leisure centers, and youth services remained open despite huge cuts at the local level. In conclusion, while there are valid concerns about the WestFerry development and the actions of both Jenrick and Tower Hamlets Council, it is important to also acknowledge the positive achievements of the council under previous leadership. It is crucial that all parties involved work towards a fair and transparent planning system that benefits all members of society.
Subvertising in Belfast: Using Advertising to Promote Social Housing
In Belfast, a group of activists and local artists have come together under the Build Homes Now campaign to address the social housing crisis faced by families on the waiting list. Through workshops and subvertising, the group has proposed real solutions for social housing and brought attention to the issue. Subvertising, a form of subversive advertising, involves altering existing ads or creating new ad campaigns to convey a different message. In Belfast, the Build Homes Now campaign used subvertising to propose solutions for social housing. Homeless families mapped out land for public housing and detoxified it using sunflower seed bombs. The group believes that the 25-acre empty publicly owned land, the Matthews, should be used for building homes. However, their proposal was not considered by the city government. To push the city government into action for sustainable social housing, activists in Belfast designed fake billboards and bus stop ads. They even invented a fake PR company to sneak into a supply chain conference and promote their Sunflower Eco Village campaign. However, their subvertising was taken down by the city. Despite this setback, the subvertising campaign in Belfast forced the council and the developer to deny building social housing on the site. The campaign caused a stir and was covered in the newspapers. Mackie's plans for the site and their vision were put on the map. The campaign questioned why social housing was not being built on the site. Advertising can be an easy and creative way to promote a desired world. Subvertising can be used to propose real solutions and bring attention to important issues such as the social housing crisis. Other resident activist initiatives include PEACH in Newham and the New era estate actions which feature in the Russel brand documentary the emperors new clothes. In conclusion, subvertising can be a powerful tool for promoting social causes. The Build Homes Now campaign in Belfast is a great example of how subvertising can be used to propose real solutions for social housing. By altering existing ads or creating new ad campaigns, activists can bring attention to important issues and push for change.
A YES MAN SPOOF THIS IS A SATIRICAL SPOOF !!!!!!!
In this spoof Yes Man production it is claimed that Castle Brook Investments Limited's plan to build a luxury development project in Belfast was to be cancelled due to public pressure, and instead, the company announced the construction of Sunflower Echo Village, a sustainable social housing development. Despite investor backlash, the groundbreaking ceremony for the new development took place, and it is intended to be considerably less expensive than the cancelled project. The decision to build social housing was made despite objections from investors, and it was only possible due to the intervention of the City Council and the radical action of the people of Belfast. The citizens of Belfast have requested educational learning on the topic, and activists have planted sunflowers on toxic land to protest against homelessness and lack of social housing. The cancellation of the luxury loft project by Tribeca in Belfast was a result of radical public pressure, and it led to the construction of social housing on available land. The people of Belfast invested in their city and ensured that social housing was built on available land.
Home@ix as a delivery partner for BTR and PRS schemes in partnership with our affordable housing partners and sme network can bring the required mix of professionals and supply chain partners to achieve success.
Building For Boomers Homeatix Document. “Where the Affordable homes are differentiated or decoupled from the Absorption rate for full market Value Homes there is no reason not to bring all conditioned affordable housing provision forward to meet existing demand as represented by Housing Association and Local Authority waiting lists and also private sale homes offered at 70% of open Market value for instance”.
— Real-Estate Land Development Limited (@RealEstateLand3) July 14, 2023
Home@ix: Revolutionizing Affordable Housing with ESG Bonds
Home@ix is an innovative affordable housing brand that aims to tackle the misapplication of credit and resources for affordable housing. The brand offers a tech platform for volume house builders and a fully vertically integrated solution for land origination, procurement, construction, and mortgage-backed bonds. With a focus on green credentials and social impact investing ESG bonds, Home@ix is making affordable housing accessible to everyone. The UK has been facing a severe shortage of affordable housing for decades. The right to buy policy in the early 1980s resulted in the selling off of affordable housing stock without replacement, and the provision of affordable housing to rent or buy went into stagnation post-2000. Home@ix aims to change that by providing a fully sustainable development goals and environmental and social governance compliant solution. The Home@ix tech platform offers a dashboard that provides volume house builders' skillset and supply chain. The platform also offers an origination and procurement engine for occupiers to initiate projects at their local level. Home@ix tailored its solutions to customers' needs by focusing on the effective demand of occupiers and avoiding the misapplication of credit and resources. Home@ix is fully compliant with sustainable development goals and environmental and social governance. They have launched three new types of social impact investing ESG, Green Net Zero bonds. These bonds are tailored to address the financing of land purchases through to procurement of land and resources to build affordable homes. Home@ix is making mortgage finance available, allowing more people to get on the property ladder. Affordable housing opportunities have not been delivered as required, and Ranjan Home@ix specializes in affordable homes for sale using green technology and modern construction. The team of experts understands engineering and how it can apply to modern construction, as well as the Green Circular economy and how to implement it. Ranjan Home@ix builds with a place-making affordable mindset from a community as a customer perspective, allowing them to deliver solutions at the required scale. In conclusion, Home@ix is revolutionizing the affordable housing market with its innovative tech platform and ESG bonds. By focusing on green credentials and social impact investing, Home@ix is making affordable housing accessible to everyone. With a team of experts who understand modern construction and the Green Circular economy, Home@ix is well-positioned to deliver solutions at the required scale.
The UK is facing a housing crisis that requires a comprehensive solution. The issue is multidimensional and involves various demographic drivers, supply and demand factors, and the impact of cash buyers and the Bank of Mum and Dad. Neglecting any of these factors hinders progress towards a solution.
The discourse surrounding the UK's housing market and related policies should consider both demand and supply-side factors. A more nuanced approach that considers demand-side factors is long overdue. The modern property market is based on privately created debt money, distributed through the banking system. Following the financial crisis of 2008, there has been a focus on borrowers and their actions. The UK housing market is a complex ecosystem that requires a holistic approach to address the current challenges. Banks are crucial in providing financing for land acquisition and construction procurement. The shortage of supply is the main cause of unaffordability, but demand-side factors such as interest rates and income inequality should also be considered. Both supply and demand-side factors should be analyzed to develop a full range of policy solutions. Various factors contribute to the UK housing affordability crisis. Population growth leads to a shortage of homes and increased waiting lists. Wages have failed to keep up with the rising cost of living, making it increasingly difficult for people to save up for a deposit on a home. Banks have tightened their lending criteria, making it harder for people to obtain mortgages. Cash buyers, often investors or foreign buyers, pay above the asking price and make properties out of reach for ordinary buyers. Parents helping their children onto the property ladder has created intergenerational inequality. Many people are unable to move up the property ladder due to rising house prices, impacting social mobility and inequality. Rising living costs and student debt have led to an entire generation being locked out of the housing market. The UK's affordable housing crisis is not solely a supply shortage but also an affordability and allocation issue. A comprehensive solution is needed that considers both supply and demand-side factors. Collaboration and innovation from stakeholders are required to address the current challenges. It is time to recommit to the challenge of analyzing both supply and demand-side factors when analyzing the market and exploring potential obstacles to workable solutions for affordable housing.
The Great Reset: A Plan for a New World Order
The world is currently facing not only the aftermath of the Covid-19 pandemic but also a monetary event as the financial system of the West is coming to its end. This has led to the need for a new world order through the Going Direct Reset, which was put forward by retired central bankers. According to a video titled "The Great Reset: Going Direct," the current global sovereign debt collapse was inevitable and beyond the control of governments and central banks. The Going Direct Reset was a plan put together by retired central bankers working through the BlackRock investment Institute. BlackRock is an asset manager that manages one of the largest holders of index funds and retirement savings. The plan allows central banks to take control of the treasury functions, and BlackRock has major positions in every company in America, including pharmaceuticals and tech companies. The BlackRock proposal calls for a standing emergency fiscal facility for liquidity in financial transactions and the blurring of lines between government fiscal policy and central bank policy. The proposal is called "Dealing with the Next Downturn: From Unconventional Monetary Policy to Unprecedented Policy Coordination." Going direct means finding ways to get central bank money directly into the hands of public and private sector spenders. The standing emergency fiscal facility (SEFF) would operate on top of automatic stabilizers and discretionary spending to bring the price level back to target. BlackRock has been hired by the Federal Reserve, the Bank of Canada, and Sweden's Central Bank to implement key features of the plan. Rothschild's Concordia has opened an office in Dubai, indicating a trend towards private money and a different financial infrastructure. None of the businesses of the Rothschild group require public equity markets for capital. The opening of the Dubai International Financial Center aligns with the trend towards private money. The Federal Reserve's 24/7 payment network launch in July is seen as laying the groundwork for a Central Bank digital currency (CBDC). CBDCs can have direct or indirect claims on the central bank, and the choice is shaped by whether the claim is indirect via payment intermediaries. The Bank of London is a new bank that seeks to fix the broken financial system. The global payments clearing and settlement systems are not fit for purpose, and the Bank of London aims to transform the financial industry by innovating in the core. The interconnectedness of the financial system has made risk transfer possible. The global payments clearing and settlement systems are expensive and take too long to settle. Less than a hundred banks control 75% of the world's spendable money. The Bank of London aims to innovate in the core to deliver better services and real-time transactions. Inevitably, a global sovereign debt collapse is looming, and the current financial situation was baked into the cake. The Money supply M2 year-over-year growth rate went below zero in November of last year, which has only happened four times since 1868 and was associated with financial panics. Bank of London submitted a proposal to purchase SVB's UK arm in March 2023, and a consortium of leading private equity firms led by Bank of London confirmed the proposal. In conclusion, the Great Reset is a plan put forward by retired central bankers for a new world order, involving the control of treasury functions and blurring the lines between government fiscal policy and central bank policy to create a financial facility for liquidity. The plan also includes a shift towards central bank digital currencies and the creation of a new financial hub in Dubai. The current global sovereign debt collapse was inevitable, and it remains to be seen how this will play out in the coming years.
The Going Direct Paradigm Blog.
"Going Direct"- Get the Complete Big Picture. Could be the title of the latest research paper from RealRLD for our private equity clients. The Summary part of the paper along with out White label Home@ix dashboard digital sales outlet presentation is included below for context
The current monetary system has several flaws, as discussed in a recent video. One of the main issues is that all money is created out of debt, meaning that if all outstanding debt was repaid, there would be no money in circulation. Additionally, interest is charged on virtually all loans made, and the money needed to pay back this interest does not exist in the money supply outright.
This system creates a conflict of interest when it comes to controlling inflation and benefiting from higher interest rates. Only commercial banks create money by granting loans without size limitations, and central banks provide the required reserves to maintain control of benchmark interest rates. However, central banks' insistence that they can navigate M3 money supply via adjustments in benchmark interest rates is a subterfuge to avoid admitting that its interest rate moves have no impact on the cost of money. Furthermore, monetary policy is used to modulate the growth rate of the real economy, and hardening it aims to increase the unemployment rate of the active population while declining payroll costs. This can lead to institutional and corporate corruption within the system. The solution lies in creating a more cooperative and generous economy by freeing ourselves from the fear and greed associated with limited money. Money created between us remains equal in value, with no interest involved. This results in less competition and more cooperation, leading to a healthier economy. However, banks benefit from higher interest rates during deflation, as they get a higher return on their liabilities and can create money to buy distressed assets. This can lead to weakened individuals and corporations being forced out, with banks purchasing distressed assets. The government also plays a role in distorting the market, such as with the stamp duty holiday, which is a huge tax that distorts the market. It's important to note that taxation does not fund government spending; tax money collected is destroyed, and a loan is on one side of the balance sheet, with the debt on the other. Most people are ignorant of this, and politicians have been knowledgeable about money since the late 1700s. The modern political system is corrupted, with a high level of institutional and corporate corruption. Lemonade Pockets are easy to bribe, and the system is not designed to work as we are told. Mainstream and social media promote talking heads and explanations that are a sham. In conclusion, fixing the monetary system requires a fundamental shift in how we view and use money. By creating a more cooperative and generous economy, we can reduce corruption and create a healthier financial system for all.
— Real-Estate Land Development Limited (@RealEstateLand3) July 14, 2023 Home@ix the go to Build to rent partner.
Hello there! I hope this message finds you well. I wanted to take a moment to address some questions that have been asked about why I stopped publishing, why I started publishing why I have 3 blogs etc. The truth is, after running my own direct test, I came to the conclusion that change is not possible through journalism, media, or online debates. However, I do believe that if we participate in the system, we can work towards positive change. It's important to recognize that almost everyone contributes to the system, so blaming only the top would be disingenuous.
Moving forward, I recommend checking out Catherine Austin Fitts for those who want to continue learning about the financial system. Additionally, Chris Hedges' book Empire of Illusion offers insight into the spiritual and psychological dimensions of our situation. The Going Direct Paradigm mind map is the most comprehensive collection of our own research. As we face a necessary reset of the rules, it's important to accept and adjust to the inevitable upheaval. Chris Martenson's material was recommended by Damon Vrabel, I am less of a fan of his but his work can help to understand the exponential rule set and take steps to minimize the impact on our local communities. Let's work together towards a better future.
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AuthorRoger Lewis, CEO of Home@ix writes this Blog, and the opinions expressed are his alone. Archives
July 2023
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