[Ho1] Theresa May blasts NIMBYism, but has a history of her own.
[Ho2] There are some interesting ideas here, but it all starts from a questionable premise. Home ownership rates and rent as a portion of income are both in line with peer countries and, if anything, the former may be higher than is optimal for us.
[Ho3] On the one hand, this is entirely true. On the other, if they’re willing to buy it that’s the market at work. On the other-other hand, one of the problems with inequality is that – contrary to the notion that Paul’s wealth doesn’t hurt Peter, it specifically allows people to buy other people out of affordable housing like this.
[Ho5] Lionel Shriver says that immigration is playing a role in the London housing crisis. This argument has been made a lot for California and has, I fear, exacerbated anti-immigration tensions. Including among people I know that otherwise lean left.
[Ho6] Moorestown, New Jersey, is trying to make affordable housing and renew a shopping center by building houses around the mall.
[Ho7] Grain palaces. Need I say more?
[Ho8] Brexit comes through again!
Home ownership: we’ve halved it (for today’s 30 year old millennials vs baby boomers at the same age) pic.twitter.com/CHkvMca31P
— Torsten Bell (@TorstenBell) February 16, 2018