Eight Radical Solutions To The Housing Crisis

abaxas

kabayiri wrote: »

Move long term unemployed people out of precious real estate in London to other areas. Re-let the property to low/middle income workers in the capital. This will free up pressures elsewhere.

If London is the most economic part of the country working right now, we need to maximise the potential.

Ermm, so what exactly is made in London? Other than debt.

kabayiri

abaxas wrote: »

Ermm, so what exactly is made in London? Other than debt.

I'm told profitable debt. Oh and the majority of the worlds' vulture funds operate from London.

Then there's a massive Olympics spin-off. We should milk all the tourists when they come here, while we can. Desperate perhaps..

Has anyone got any more straws. I've ran out of straws to clutch

CLAPTON

abaxas wrote: »

Ermm, so what exactly is made in London? Other than debt.

if you believe that actually making things is the future then the UK is not for you.
london hasn't been a manufacturing centre for a long time but it's still the richest part of the UK and 'produces' most of your exports

cotleigh

kabayiri wrote: »

Move long term unemployed people out of precious real estate in London to other areas. Re-let the property to low/middle income workers in the capital. This will free up pressures elsewhere.

If London is the most economic part of the country working right now, we need to maximise the potential.

This is a good idea.

Why pay thousands per month to put up a big family of non-working people in inner London, when if they ain't working, they could just as well live in somewhere where you can buy cheap houses for the cost of a couple of months rent in inner London?

I can't afford to live in some of the place in London where you hear they are paying 5000 a month for some family to live on benefits.

That aint right!

ILW

Pimperne1 wrote: »

From the BBC no less:

http://www.bbc.co.uk/news/magazine-15400477

One is Guarantee Mortgage Payments (like the sound of this):

"Ways need to be found to encourage mortgage lenders to lend on terms that people can afford, he argues. The best way of doing this is for the government, house builders and mortgage lenders to club together to fund an insurance scheme that would underwrite mortgages where the lender defaults. Talks are in progress but these are complex negotiations, he admits.

But mortgage lenders are risk-averse and have imposed stricter lending criteria for obvious reasons. The first global financial crisis in 2007 was precipitated by the collapse of the sub-prime mortgage market in the US, where banks give high-risk loans to people with poor credit histories.

"Forget the nonsense about the 'mortgage drought'," says Alex Morton from the Policy Exchange. The real problem is not so much lack of finance for mortgages but the impact of high land costs, he argues".

Or alternatively, encourage the sales of PPI mortgages. Cannot see where that could go wrong.

abaxas

CLAPTON wrote: »

if you believe that actually making things is the future then the UK is not for you.
london hasn't been a manufacturing centre for a long time but it's still the richest part of the UK and 'produces' most of your exports

Richest does not mean the most productive or means that it has made any money.

If you take into consideration the bailout of financial institutions. You'll find that London has made absolutely sod all over the last 2-3 years.

CLAPTON

abaxas wrote: »

Richest does not mean the most productive or means that it has made any money.

If you take into consideration the bailout of financial institutions. You'll find that London has made absolutely sod all over the last 2-3 years.

yes to some extent
but the view that only things we make are relevant is simply not true
and many of the big failures RBS, HBOS, Northern Rock were not exactly London banks