|
On Medium
Homeatics whats the affordable Modular homes brand #home@ix all about?Home@ix is committed to the Entry Level budget homeownership Market. Delivering affordable Homes and the means to Finance them literally without costing the earth. Home@ix 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? Are we a Home Owning Democracy or a Rent Seeking Banana Republic. #PlaceMakingBasics #RealRLD… https:// notthegrubstreetjournal.com/2020/06/18/dou ...www.realrld.comOver the past 6 months we have published a comprehensive series of discussion papers surrounding the question of affordable Homes Finance and how affordable homes may be built and land acquired to meet the unrequited demand. #COP26 Presentation Embodied Energy, Embodied Carbon Building Information Modelling (BIM) Technical… Moduloft is committed to the Entry Level budget homeownership Market. Delivering affordable Homes and the means to…www.yumpu.com#COP26 Presentation Embodied Energy, Embodied Carbon Building Information Modelling (BIM) Technical Framework Sourcebook #COP26 Presentation Notes. 1. Land Tax, Carbon Pricing 2. Money, Debt Credit Creation 3. Mortgage Reform Housing Market Fundamentals including Debt. From Shiller’s Irrational Exuberance to The Covid19 Debt Bomb.#COP26 Moduloft Primer. Housing Market Fundamentals including Debt. From Shiller's Irrational Exuberance to The Covid19… Housing Market Fundamentals including Debt. From Shiller's Irrational Exuberance to The Covid19 Debt Bomb.#COP26…www.yumpu.comAffordable Homes, A Framework of Understanding. Moduloft Finance Affordable Finance A Framework of Understanding Moduloft Finance Affordable Finance A Framework of Understanding Moduloft finance Affordable housing
2. Roger Trained as a Chartered Surveyor and qualified as an Associate of the Royal Institution of Chartered Surveyors in 1990 having worked for Shell UK, The Prudential Assurance Company, London Shop PLC, Hillier Parker May and Rowden . Roger has been self employed Since 1990. 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 affect availability of land for development. These supply side variables as well as demand for accommodation near employment opportunities all present a myriad of dynamic variables which are often treated as discrete problems within their own boundaries. Different sets of Experts and various vested interest Agendas all explain their estimation of the problem often pulling in 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 actions 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(1). (1) https://theecologist.org/2008/aug/02/radical-carbon-tax-reform 10. The UK’s ratio of residential mortgage debt to GDP has fallen from 79% in 2009, but at 68% it is still the fourth highest in the EU (see).64 P.58 Whitepaper “Fixing Our Broken Housing Market” #Moduloft The Concept. #Cop26 Draft №2 notes Presentation and discussion #BuildBackBetter #LevellingUp moduloft-the-concept-cop26-draft-no2-notes-presentation-and-discussion-buildbackbetter-levellingup COP26 Presentation Notes. 1. Land Tax, Carbon Pricing 2. Money, Debt Credit Creation 3. Mortgage Reform Moduloft is…www.yumpu.comHousing Market Fundamentals including Debt. From Shiller’s Irrational Exuberance to The Covid19 Debt Bomb.#COP26 Moduloft Primer. housing-market-fundamentals-including-debt-from-shillers-irrational-exuberance-to-the-covid19-debt-b… Housing Market Fundamentals including Debt. From Shiller's Irrational Exuberance to The Covid19 Debt Bomb.#COP26…www.yumpu.comPrimer INDEXED UNITS OF ACCOUNT: THEORY AND ASSESSMENT OF HISTORICAL EXPERIENCE, Property Values and Indexation primer-indexed-units-of-account-theory-and-assessment-of-historical-experience-property-values-and-i… INDEXED UNITS OF ACCOUNT: THEORY AND ASSESSMENT OF HISTORICAL EXPERIENCE Money, #77: Markets and The Madness of Crowds…www.yumpu.com#COP26 Presentation Embodied Energy, Embodied Carbon Building Information Modelling (BIM) Technical Framework Sourcebook cop26-presentation-embodied-energy-embodied-carbon-building-information-modelling-bim-technical-fram… Moduloft is committed to the Entry Level budget homeownership Market. Delivering affordable Homes and the means to…www.yumpu.comThis is a work in Progress, Product Launch is expected first quarter 2021. Moduloft:The Affordable Housing Manufacturer Moduloft Finance Affordable Finance Moduloft:The Affordable Housing Manufacturer Moduloft Finance Affordable Finance “In Finance many of the greatest inventions are in terminology. A new Name for and old idea.”GK Galbraith, The Age of Uncertainty Episode 7, The Mandarin Revolution. Moduloft:The Affordable Housing Manufacturer Skin In the Game Understanding Bank Deposits, Bank Equity and Bank Own Debt Note of interest here is the idea of longer term financing even intergenerational financing after all what are government debt if not intergenerational financing through taxation more democratic to have longer term time frames this of course poses problems for the current system regarding booking large profits over shorter time horizons I argue that this is a systemic disjoint in one of the basic human rights to Shelter. This is a theme to be developed regarding Price and Value and the Trading of Mortgage Securities and distressed asset sales as opposed to the more egalitarian course of action which would be to Create some sort of Amnesty on Mortgages ( Principal residence only and even up to a Minimum price say £250k in UK figure could be arrived at by discussion. The idea that Banks have been caught out more than home owners is perverse. The Banks have created commitments for the borrowers to them and actually not given in return what the Borrowers largely believed I.E that their Mortgage is matched by and equal deposit/ saving of another bank customer. At best the banks have 1 tenth of this covered 10% and in many cases it is more like 1 fortieth 1/40 2.5% so on a mortgage of £100,000 the bank only has capital of at most £10k at risk and in all likely hood more probably £4k at risk. Therefore in distressed sales all on going mortgage payments made should be viewed accordingly and and distressed asset sale again viewed similarly. I,e a mortgage holder with 25k negative equity on a mortgage of 100k still has an asset worth at least 7.5 x the capital reserve the bank allocated against making that loan. I.E the borrower remains in debt for 100k a new debt of 75k is created and and the bank gets all its basic capital back has had the interest in the meantime and will still milk the original borrower through the Bankruptcy process for a further 2 years representing further pure profit. Other commitment bank have created beyond the reserve ratios based on trading these very profitable rights to receive mortgage payments cause the banks to be insolvent but compound the extent to which the original deceit is leveraged to the cost of the Mortgage Payer who is also the future tax payer for the government debt taken on the Save the banks from their excesses with their derivatives based upon the imaginary debt money they are licensed to create in the first place. affordable-homes-a-framework-of-understanding Moduloft Finance Affordable Finance A Framework of Understanding Moduloft Finance Affordable Finance A Framework of…www.yumpu.comOver the past 25 years a Gap has opened in the market between what is affordable and what is built to address the shortage of Affordable Residential property. The Definition of help to buy in london is a range up to 600k. Development has gone high rise and targeted at the Buy to rent markets often specifically for investors in the Far East. Or Buy to Let landlords in the UK. S 106 provision of Affordable Social Housing has not addressed the dynamics of a housing market where the children of families can remain within communities. This problem has been known about with attempts to address it in Rural areas where Holiday home and second home buyers price out Villagers. In Urban Centres Commutes have got longer and more expensive. This recent “Action on Empty homes” report nails the problem in my opinion. Action on Empty Homes campaigns for more empty homes to be brought into use for people in housing need. Our aims are to: ■ Raise awareness of the waste of long-term empty homes. ■ Campaign for changes to national policy. ■ Support loca o: ■ Raise awareness of the waste of long-term empty homes. ■ Campaign for changes to national policy. ■ Support local communities in transforming their neighbourhoods. ■ Provide advice for those seeking to bring empty homes back into use. ■ Research and develop ideas for bringing long-term empty homes back into use for those in housing need. If people make places and communities ( I think that they do), then the provision of the basic spaces for communities to “Make their own” over time is the essence of our new concept. Our Budget Live Work Thrive “Be the event” comprehensive development approach of Placemaking Basics by for and of the people and their community. In Urban contexts and in Suburban or rural contexts the same basic principles apply. Some 25,000 London homes are empty, says government data It is certainly a failure of Planning and Policy generally for such a high number of sold off-plan and new build…www.linkedin.comHelp to Buy and other Schemes. “Are we Looking for and have we been looking for solutions? 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 “unlearn” erroneous but pervasive assumptions and principles.” The principles of tax policy 1. The Systemic Fiscal Reform Group was formed in Cambridge in 2008 by a small group of individuals led by Dr. Adrian…publications.parliament.ukthe distinction between Bank, Building society and Other lending in all the stats is key, followed up by the Distinction between, Mortgage for New or Existing homes as 1st Mortgages,Mortgages for Remortgages and finally mortgages for Letting investments. The other very important distinction is Mortgage Funds secured in the Money Markets and Mortgages originated as Bank credit. Northern Rock of course famously became a casualty of the former and The Market itself is in my opinion enslaved to the latter. One further Stratification category would be the Element of Value attributable to Site or Land Value. All of my recent researches point to Land Value Tax, and the Late Dr Adrian Wrigley s work. This paragraph is sandwiched between Two Quotes from Adrian’s work. Evidence of a real housing shortage is absent. A real shortage would show up as overcrowding nationwide. People would be walking the streets in the hope of finding a room. Room prices would be high, and there would be no empty houses.We have a crisis of affordability and allocation. People are borrowing eight times their income to get on the housing ladder yet there are 700,000 derelict houses, 500,000 second homes, and hundreds of thousands of pensioners homes with at ‘s Irrational least three bedrooms spare. The overheated Spanish housing market shows that rapid building programmes do not cure price bubbles. A radical carbon tax reform The Conservatives are considering an array of tax tweaks this week based on studies by the Centre for Social Justice…theecologist.orgFor an Affordable Product to work the appropriate supply of newly created credit needs to be accessible for new first time buyers. It is the successive failure to solve or even address this piece of the puzzle that has led to the Market as we see it today. By some estimations ( Werner et al) the cause of the Gyrations we call the property cycle, is the availability of Credit, Bankers and Policy makers/regulators are to blame or thank depending on which side your bread is buttered. At this point separating the Flows of Credit into the Housing Market is a non trivial task As one has to Factor in The Production Side of the equation; House builders/Developers etc. with financing of Land Acquisition, Planning and Construction. Understanding these flows and incorporating them into a model to see how the Split between; Newly created Credit and Institutional Equity Funding expressed as Developer Payments, Insurance Company Liability cover , and Other risk Capital from the Players in the Model Transaction create a complex dynamic system where much of the Devil is found in the detail. Simple indices, median prices and Stylized Facts all contribute to the confusion and ultimately have succeeded in throwing the Baby out with the bathwater. I think if workable solutions have or can be developed then any workable solutions should all satisfy two provisos. 1. Higher LTV lending and also 2. Lending at Higher Joint income Multiples Both of these are a necessary combination if First Time buyers are to see sufficient credit allocation. The Macro Prudential framework as it currently exists , will I think frustrate even prudent and attractive Mortgage products for First Time buyers. My Latest Blog touches on the Problem. Per Kurowski who I quote in the Blog is an ex director of the World Bank and If the Good Ship Sonia is to set sail, we could do a lot worse than pay heed to Pers message which he has oft repeated in the letters section of the FT. “We must..“unlearn” erroneous but pervasive assumptions and With lower bank capital requirements for residential mortgages than for loans to the entrepreneurs or SMEs, those who can create the jobs needed in order to service utilities and mortgages, you will not have a functional economy, and houses have morphed from being affordable homes into being the main risky-investment of way too many families.” Affordable Homes, Are we Looking for and have we been looking for solutions? If So Look Here… Are we Looking for and have we been looking for solutions? 13. In this response, it is assumed The Committee is seeking…notthegrubstreetjournal.com A New Land Contract This is a written version of a talk given for Civic Square’s ‘Department of Dreams’ event on Friday 19th June, 2020.alastairparvin.medium.comThe Stylized Facts of the Macro Prudential Literature , succeeds in doing what Stylized Facts do. That is The decoupling of The Entry levels of the Market from Fundamentals has gone undiagnosed. I am not convinced that this is not condoned by implicit policy, where being seen to be trying to do something is enough, Actually doing something is not the standard of success, a triumph of Stylized Facts over Substance, Perhaps? "A ship in harbor is safe, but that is not what ships are for", Setting Sail on the good ship… MARCH 25, 2020 Do we have a banking system with banks as they are supposed to be? Sir, I refer to your "Non-bank…notthegrubstreetjournal.com“unlearn” erroneous but pervasive assumptions and A ship in harbor is safe, but that is not what ships are for ,. @PerKurowski Tackling the UK housing crisis: is supply the answer? 5. “The collapse in home ownership was mainly due to withdrawal of mortgage finance from FTBs, which suggests policymakers face a trade-off. This paper has argued that, while high house prices affect home ownership, the dominant driver of its recent collapse was a sudden stop on mortgage lending to FTBs. And in keeping with that explanation, the recent return to a more normal pace of FTB lending has seen the home ownership rate stabilise and perhaps begin to recover.” Ian Mulheirn August 2019 The new focus of RLD “placemaking” is as described in the recent article in Property Week. Home@ix (pronounced "Home-at-ics".)Land Requirements Market Commentary and shooting the breeze.www.realrld.comMore Specifically. Over the past 25 years a Gap has opened in the market between what is affordable and what is built to address the shortage of Affordable Residential property. The Definition of help to buy in london is a range up to 600k. Development has gone high rise and targeted at the Buy to rent markets often specifically for investors in the Far East. Or Buy to Let landlords in the UK. S 106 provision of Affordable Social Housing has not addressed the dynamics of a housing market where the children of families can remain within communities. This problem has been known about with attempts to address it in Rural areas where Holiday home and second home buyers price out Villagers. In Urban Centres Commutes have got longer and more expensive. This recent “Action on Empty homes” report nails the problem in my opinion. If people make places and communities ( I think that they do), then the provision of the basic spaces for communities to “Make their own” over time is the essence of our new concept. Our Budget Live Work Thrive “Be the event” comprehensive development approach of Placemaking Basics by for and of the people and their community. In Urban contexts and in Suburban or rural contexts the same basic principles apply. Part one Modular from Prefab to Ab Fab Part one Modular from Prefab to Ab Fab Part two Modular from Prefab to Ab Fab Modular research publications and cut and pastes for condensing into the Modulr…www.yumpu.comHome@ix projects will have dedicated exclusive Assembly lines , serviced by the INNO Supply Chain. INNO is a Supply Chain and Assembly Line Concept! This revolutionises the Speed of Delivery and minimises Waste at all stages of the Construction Process. Utilising the INNO supply chain and assembly line model the Home@ix team have developed a Range of Model community developments for Senior Assisted Living and Affordable Rental properties , suitable for Local authority and Institutional clients. The Manufacturing assembly line process allows , Defined Brand Styles to be produced according to each specific local market. Our Ranges are The Style Affordable Range, The Style Plus Range and the Loft and Loft Plus Ranges. The Level of Fitout demanded by our Customer Demand driven model is ensured by our High Quality affordable delivery combining economy with flexibility. Off-site manufacture Building for change, House of Lords . RSH&P Andrew Morris Tuesday 8 May 2018 Witness(es): Mr Andrew Morris, Partner, Rogers Stirk Harbour Ms Jane Richards, Director, Building structures, WSP Mr Jamie Johnston, Director, Bryden Wood Witness(es): Dr Sarah Williamson, Technical Director, Laing O’Rourke Mr Martin Kelly, Strategic Business Development Director, Severfield Mr David Hurcomb, Chief Executive, NG Bailey Full Transcript and written evidence Report https://drive.google.com/file/d/1KogcbPMpxjVPCi67wtGAb0TkRQ_XEASD/view?usp=sharing #Home@ix, The Brand #Loftm@tic #Stylem@tic #Silverm@tic #Ladym@tic #Housem@tic , The Ranges whats-the-affordable-homes-brand-homeix-all-about Over the past 6 months we have published a comprehensive series of discussion papers surrounding the question of…www.yumpu.comEverything we do is Driven by the Homemaker. 1. Site identification and acquisition and Planning permission. 2. Sales funnel coordination with Regional Site availability 3. Curation of customer demand into pre sold or prelet Developments 4. qualifying customers Mortgage status and coordination with BOPA’s and Insurance backed Higher LTV mortgage product 5. Facilitating Customer Orders into Assembly line programmes 6. Customer and after sales service Home@tix means — Customer Choice Now! Your Choice of Design — Your Choice of Finance — Options? Your Choice “#Homeatix , everything we do is driven by the Homemaker” Home@tix means — Customer Choice Now! Your Choice of Design — Your Choice of Finance — Options? Your Choice #AuthenticPlacemaking #AuthenticHomemaking Hom@tix Overview of the Off Site Manufacturing Sector. homtix-overview-of-the-off-site-manufacturing-sector "affordable, off site, modular, homes apartments", This search in Google Chrome Gave a selection of responses, very few…www.yumpu.comPart one Modular from Prefab to Ab Fab part-one-modular-from-prefab-to-ab-fab Part two Modular from Prefab to Ab Fab Modular research publications and cut and pastes for condensing into the Modulr…www.yumpu.comHomeatix where the Customer “Homeagineers” the Place. Homeatix Customers are our Home- Imagineers. “Homeagineers” Home@tix means — Customer Choice Now! Your Choice of Design -- Your Choice of Finance — Options? Your Choice Everything we do is Driven by the Homemaker. 1. Site identification and acquisition and Planning permission. 2. Sales funnel coordination with Regional Site availability 3. Curation of customer demand into pre sold or prelet Developments 4. qualifying customers Mortgage status and coordination with BOPA’s and Insurance backed Higher LTV mortgage product 5. Facilitating Customer Orders into Assembly line programmes 6. Customer and after sales service It is quite apparent this idea of SILOS with particular expertise groups re inventing the wheel as they haven’t looked into adjoining silos is a peculiar development in The world since the Internet accelerated the process of Expertise inflation. People stay in their lanes ,“occasionally something outside the Box ( SILO) comes along and seems obvious but no one has seen it”.We think Homeatics #Home@ix is like that!Red Lines, Settled Science, The end of History and entitled Facts. If Truth were subject to Patent… If Truth were subject to Patent Law. Red Lines, Settled Science, The end of History and entitled Facts. I did a blog…notthegrubstreetjournal.comHome@tix means — Customer Choice Now! Your Choice of Design - Your Choice of Finance - Options? Your Choice “affordable, off site, modular, homes apartments”, This search in Google Chrome Gave a selection of responses, very few were messages addressed directly to Homeseeker, Homemakers or what one would call real estate occupier customers. After our promotional Homeatix presentation you will see what were the main types of information generated. We were surprised that much of what comes up is industry focused and technical not customer facing. Let Me Google that for you? Let Me Google That For all those people that find it more convenient to bother you with their question than to google it for themselves.letmegooglethat.comaffordable off site modular homes apartments #Homeatix affordable-off-site-modular-homes-apartments-homeatix "affordable, off site, modular, homes apartments", This search in Google Chrome Gave a selection of responses, very few…www.yumpu.comWe are a Customer Driven product our Homeagineers push our development site origination and provide the pull for our assembly lines. Home@tix means — Customer Choice Now! Your Choice of Design — Your Choice of Finance — Options? Your Choice Everything we do is Driven by the Homemaker. 1. Site identification and acquisition and Planning permission. 2. Sales funnel coordination with Regional Site availability 3. Curation of customer demand into pre sold or prelet Developments 4. qualifying customers Mortgage status and coordination with BOPA’s and Insurance backed Higher LTV mortgage product 5. Facilitating Customer Orders into Assembly line programmes 6. Customer and after sales service It is quite apparent this idea of SILOS with particular expertise groups re inventing the wheel as they haven’t looked into adjoining silos is a peculiar development in The world since the Internet accelerated the process of Expertise inflation. People stay in their lanes , occasionally something outside the Box ( SILO) comes along and seems obvious but no one saw it previously. We think Homeatix is like that. hometix-towards-a-bumper-sticker "Home@tix is a Homeagineering Dashboard empowering Homeagineers with a self build Mind set with a Volume House Builders…www.yumpu.com towards-the-collaborative-dash-board Homeatics whats the affordable Modular homes brand #home@ix all about? Towards the Collaborative Dash Board. This is an…www.yumpu.comOriginally published at https://notthegrubstreetjournal.com on February 17, 2021. dit.
0 Comments
Leave a Reply. |
AuthorRoger Lewis, CEO of Home@ix writes this Blog, and the opinions expressed are his alone. Archives
June 2022
Categories |
RSS Feed