The financialisation of housing production: exploring capital flows and value extraction among major housebuilders in the UK. The Home@ix Answer.
The changing shape of the UK housebuilding sector The recent fnancial and operational performance of large UK housebuilding frms should be set within the context of long-term structural changes in the sector. The development of large housebuilders in the form of public limited companies (PLCs)—giving them greater access to development fnance and enabling them to exert more power in land markets—has been crucial to this process. In 1980, there were over 10,000 small and medium enterprise (SME) housebuilders active in Great Britain, building 57% of all new housing; by 2014, this had dropped to 3000 SME builders delivering just 27% of all new dwellings (Lyons 2014).
The Home@ix Answer.
Home@ix is a Full spectrum construction and finance origination engine that
builds to order and not to sell. See our High Level Investment deck Answers.
Verrym@ix is our in-house Management and design and build contracting division. DFMA closed panel off site manufacture. Supply Chain to Assembly on Site.
MET Homes enable modern, sustainable, affordable homes to be built where they
are needed, quickly and economically. By removing unnecessary complexity, MET Homes have been able to reduce the number of unique components whilst maintaining design versatility. The result is a modern construction system fit for the 21st Century - a material efficient, sustainable system that is quick to erect and delivers higher quality homes. Unlike other MMC products, MET Homes have no minimum order quantity and there is no large down-payment. MET Homes product is off-the-shelf, buy what you need when you need it - an entirely accessible modern construction system.
This is a document providing the back story of our inhouse management contracting business led by John Gibson former CEO and Chairman of William Verry. John lead the team at Verry's who along with Weberhaus were winners in the £60,000 house competition in 2006.
Benefits to Bricks , A Home@ix response to PM and Michael Gove . Proposing the; English, Scottish, Welsh, & Ulster Land pound . https://notthegrubstreetjournal.com/2022/06/09/benefits-to-bricks-a-homeix-response-to-pm-and-michael-gove-proposing-the-english-scottish-welsh-ulster-land-pound/ Transcript Question 1. Roger, you've started a new business that is designed to solve the affordable housing problem in which you say put your customers first. By thinking Like a Brand And Addressing finance at the Land, Construction procurement, and Mortgage levels.You say Home@ix is doing all of this but actually, it's happened before you know to tell me what am I missing? Answer 1. Home@ix thinks likes and acts like an “Affordable Housing Brand” Ranjan, we have put the question of affordability at the heart of our Mission. With the Home@ix tech platform, Our Dashboard delivers our Volume housebuilders Skillset and Supply chain. Fully vertically integrated and pre-financed, from Land origination, Procurement construction, and individual and institutional mortgage-backed bonds. We have tailored our solutions to our Customer's needs tackling what has been a misapplication of credit and resources problem, we think high-profile failures recently can be attributed to a failure to think like a brand and to focus on the Effective demand of occupiers. The common error has been to focus on being a contractor servicing discrete development clients. Question 2 So what's an affordable homes platform, why does that help? What problem do you say you are solving? Answer If you look at the graph in the press release Ranjan. it shows house building completions from 1946 to 2014 things haven't got better since then but you can see that house building peaked in the early 1970sat 350 000 homes a year approximately a third or more were actually built by local authorities. during that period of the mid-1980s up till early 2000, that's when the right to buy actually selling off the affordable housing stock also started happening so not only was the existing stock being sold off it wasn't being replaced. Post-2000 we have identified what we call the Y2k Affordable Housing Ladder bug, where the provision of affordable housing to rent or to buy went into stagnation with the top of the housing ladder and rentals both getting out of the reach of what could be called affordability. The Home@ix Platform is an origination and procurement engine through which occupiers can initiate projects at their local level as stakeholders and community founders. proforma systems have been developed to meet our brand values and specifications this offers participants in the process combined economies of scale as well as standardised (Preliminaries) divided across multiple projects. Question What are Home@ix’s green credentials, Mr. Lewis?. Answer we are fully sustainable development goals and environmental and social governance compliant therefore we also have all of the requirements to participate in the new financial system based on Green questions and the Environment. These credentials along with home@ix being an affordable homes platform & it's difficult to think of a market segment that can benefit from social impact investment than affordable housing, Has allowed us to launch three new types of social impact investing ESG, Green Net Zero bonds. tailored to address the problem from finance origination by which I mean financing of land purchases through to procurement of Land and resources to build affordable homes. Finally and most importantly as well land and construction finance we are making mortgage finance available. Question so the new central banking and green new deal initiatives are addressed? real-world investments so also you know that it's not insurance contracts and derivatives that may be part of how you differentiate yourself from other people who tried to correct this problem people who are in the game. Answer. Effectively opportunities to purchase affordable housing or new affordable housing just haven't been delivered as required. Effectively the top half of the market has pulled up the ladder behind it leaving the affordable market first stranded and then withering away to the sorry state of provision we see today. we have specialized and will specialize in affordable homes for sale that's the reluctant 10 per-centers We have a team of experts who understand what engineering exists and how it can apply to modern construction we know our Green Circular economy, we're down with the green technology we know what works we know how to implement it and because we build with a place-making affordable mindset from a community as a customer perspective we can actually deliver those solutions at the sort of scale required
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https://www.iwa.wales/agenda/2011/03/why-we-need-to-build-for-wales/ "Last week Plaid Cymru announced a ‘Build for Wales’ project to create a new entity to invest in public infrastructure. In explaining what this innovative approach is expected to achieve, it is worthwhile to look at the context and background of the constraints to public sector investment in Wales. Although housing is currently very expensive, it is generally considered desirable for people to aspire to own a house, for most the biggest capital investment they are ever likely to make. Because it would be impossible for all but the most extravagantly wealthy of individuals to purchase a house out of their current income, and because it would take a very long time to save up the money necessary to purchase a house, a mortgage market has developed which allows individuals to buy houses and live in them as they gradually pay off their debt over a number of years. The situation of governments is not so terribly different. If they want to undertake large amounts of capital expenditure to invest in new schools, hospitals, roads and so on they must either use current income, save until they have enough money, or borrow the money over the years and repay as they use the facility." from Madoc Batcups 21st March 2011 Politics and Policy #housing, #industry, #PlaidCymru article Why we need to build for Wales. My Own article building on Gordon Browns promise for a federated Pound Sterling.Bricks and Mortar a real right to buy from Home@ix 6/9/2022 http://www.realrld.com/blog/bricks-and-mortar-a-real-right-to-buy-from-homeix Benefits to Bricks , A Home@ix response to PM and Michael Gove . Proposing the; English, Scottish, Welsh, & Ulster Land pound . "Boris mentioned this yesterday in PMQ's, will look at details. If Boris want to give the right to buy to Low Paid workers , he would get the Bank of England to establish a regional Mortgage Finance corporation ( Building Society, but not necessarily mutualised) The Bank would originate finance for Land purchases, construction finance and long term mortgages . The mortgages would be held by individual home owners in stead of for profit private landlords." "A good way to deal with creating such a “State Bank” would be to implement Gordon Browns , Federalised Bank of England, Scotland, Wales and Ulster. This would scotch the Scots Nat’s, as per PMQ’s handbags between Boris and Ian Blackford, but would also stimulate activity at the end of the market that needs it." https://notthegrubstreetjournal.com/2022/06/09/benefits-to-bricks-a-homeix-response-to-pm-and-michael-gove-proposing-the-english-scottish-welsh-ulster-land-pound/ Within that larger pure banking structure, the sorts of Bonds Home@ix is proposing and which Berkley homes floated last year https://www.housingtoday.co.uk/news/berkeley-to-issue-400m-green-bond/5113156.article could be underwritten by the new federated land banks of England, Scotland, Wales, and Ulster. a sort of rentenmark solution https://issuu.com/homeatix/docs/home_ix_affordable_homes_a_framework_of_understan/46 Executive Summary. 3. The Crisis IN AFFORDABLE HOUSING has been well known and increasingly acute since the Mid 1990’s. Provision of suitable housing has traditionally been through a mixture of Local Authority Provision, Private Landlords and Through Home ownership supported by Mortgage Society Home loans ( Mortgages) With the Liberalization of the UK housing market since the early 1980’s and light touch regulation of the finance sector the Financing of and distribution of types of housing has changed considerably. 4. Land use policy through the planning and regulation framework, Government policy and Regulation of Rent levels , financial firms and so forth , availability of land for development .Demand for accommodation near employment opportunities all present a myriad of dynamic variables which are often treated as discrete problems withing their own boundaries with different sets of Experts and Agendas all explaining their estimation of the problem often pulling if opposing and contradictory directions. 5. There are two broad categories of Residential Property Homes for rental and Homes for Owner occupation. Rental homes for social housing provision exist as a fact of life for those without the means to become owner occupiers or as temporary longer term accommodation for people with a temporary need to be in a community for longer than a guest spell of time but shorter than justifying the costs of acquisition inherent in making a long term mortgage commitment. 6. Whether properties are built for Rent or for sale Finance plays a very large role in both funding development and providing long term mortgage finance 7. The Modern Property Market is based around the repayment of privately created debt money. This is distributed through the banking system Banking interests operate a cartel setting the terms and conditions for issuing fresh debt money short term for development and longer term for mortgages. This aspect of the Housing Market is usually looked at through the lens of Interest Rates and rarely with an appreciation of the Quantity of available credit being distributed by the Monopoly suppliers of that credit. 8. The system of Debt based Money creation and the System of Taxation operate in Tandem as set out in the Paper submitting evidence on tax policy to the Treasury Select committee on Tax Policy. “Legitimate government spending generally provides infrastructure, services and welfare payments to resident people and businesses. To benefit from this government spending, a person must own or rent a home or operate a business in the area. The monthly amount people pay to occupy their homes is set in the marketplace, based upon location and the value of natural, commercial and government amenities provided. Landlords charge monthly for these location amenities while home sellers charge a lump sum.” 9. Following the Financial Crisis of 2008 and the subsequent Sub Prime fall out the emphasis has been on Borrowers and their action s and motivations and not on the Lenders and the Dynamics surrounding Credit creation . This lacuna in analysis leads to a misdiagnosis of an affordability and allocation problem in The Housing market not a Supply Shortage Chrematistics to Carbon Credits. The new Monetary System, The carbon credit “Gold Standard” https://notthegrubstreetjournal.com/2022/08/09/chrematistics-to-carbon-credits-the-new-monetary-system-the-carbon-credit-gold-standard/ “What’s the good of Mercator’s North Poles and Equators, Tropics, Zones, and Meridian Lines?” So the Bellman would cry: and the crew would reply “They are merely conventional signs! https://www.poetryfoundation.org/poems/43909/the-hunting-of-the-snark Convention Lewis. Click to access lewis-convention1.pdf (10) A medium of exchange–say, coin of the.realm–has its special status by a convention among tradesmen to take it without question in return for goods and services. Some conventional media are better than others: bulky or perishable ones are bad; ones that would retain some use if the convention collapsed are good–but the inconvenience of accepting a bad medium of exchange is less than the inconvenience of refusing it when others take it, or of taking What one can neither use nor spend. Again, as in (4), there is the complication of legal sanctions, Refusal to accept legal tender makes a debt legally unenforceable. But again, such sanctions are superflous if they agree with convention, are outweighed if they go against it, are not decisive either way, and therefore do not make our regularity any the less conventional. I suppose we may safely define a medium of exchange as any good SAMPLE CONVENTIONS I 49 that is conventionally accepted in some population in return for goods and services. This definition raises an annoying question: is it right to say that we have a convention to accept our media of exchange in return for goods and services? It is false to say that our convention is that we accept our media of exchange in return for goods and services. For what follows “that” does not state any convention because it is true, by definition, of any population. On the other hand, it is true to say of our media of exchange that our convention is that we accept them in return for goods and services. My question was ambiguous. It can be read opaquely or transparently.6 It is like the question whether Hegel knew that the number of planets is greater than seven. He did not know that the number of planets is greater than seven. But he did know, of the number of planets–namely nine–that it is greater than seven I have a meeting with Madoc tomorrow It seems we will have plenty to talk about. |
AuthorRoger Lewis, CEO of Home@ix writes this Blog, and the opinions expressed are his alone. Archives
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