There are at least two clear reasons why #Vienna is so often voted one of the most liveable cities in the world:
the defining logic of the city is: 'is this good for children' in stead of 'is this good for property developers'?
When awarding planning permission Vienna's planners requires 50% 'affordable housing' in all new urban developments, not the much lower ratios elsewhere.
'[H]ousing should not be an easy way to make money. It needs to be less profitable. We are simply too obsessed as a nation at making money off property & this has fuelled an unimaginable crisis. A house is a home, not an asset & we deprive people every day of their ability to live fulfilling lives when we forget this'!
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.
While Savills (an estate agent) may not be a neutral source, equally they likely have a pretty good idea what is happening in the rented #housing.
Their predictions for a continuing above #inflation rise in rents next year, driven by a shortage of properties & #landlords financing (and other) costs, suggest in 2024 the #housingcrisis in the UK will get even worse.
In the end the key answer to this mess is pretty simple:
The human face of the #housingcrisis... I'm sure Daniel is not alone, but the toxic combination of low pay & high housing costs will inevitably lead to people confronting this sort of existence.
#homelessness is not a 'lifestyle choice', its the direct consequence of the sort of economy the #Tories have been engineering for decades.
If you think the #housingcrisis is manly about supply (as I've suggested @NWBylines its more than just that), you will be interested to note that the key constraint on the building of dwellings was actually the end of council house building.
So if you really want to see a rise in the numbers of homes built you'll be wanting to support the (re)expansion of housebuilding in the public sector...
How We Found What the City of Los Angeles Didn’t: #Landlords Renting Low-Cost #Housing to Tourists
Hotel ads, booking sites and guest reviews. Tourists staying in rooms meant for low-cost housing. Yet the city’s Housing Department has cited few landlords for violating the residential #hotel law.
This modular housing for the #unhoused sits vacant & boarded up in Vancouver - one of 13 temporary modular housing sites with a total of 814 self-contained studio apartments.
By 2028, 638 of those 814 units will be closed by SimCity ABC Vancouver council.
In a #HousingCrisis
"Today, they again tried to breach the front door with angle grinders and after a few moments they gave up and moved on to grind the lock off the bulkhead hatch to the basement. In the forty-year lineage of New York squatters, they were met with piss jugs emptied on them from the window. They gave up trying to force entry.
As I’m writing this friends from the local info-shop are laughing and talking around a grill and folding tables of food and drinks. Yesterday, squatters from a neighboring city played cards on the sidewalk before quickly linking arms to defend the doors from arriving goons. Old friends and squatmates have reconnected on the barricades and new connections have formed between comrades across subcultures and generations."
When you've been apartment hunting for over a year, you see a lot of the same apartments coming back in the market. Just saw one 2-bedroom I looked at last summer at $1900 now posted at $2200.
Renters are facing around 15% increase on turnover rents compared to last year but #ottcity can't imagine asking homeowners to pay more than 2.5% increase in taxes.
this time an account of the rubbish quality of the homes built by the big house builders.... this all seems very familiar from friends & former colleagues who have bought new #houses.
So not only is the crisis partly about actual supply, what is supplied by the major players is fraught with problems.
We really need a major rethink of how we deal with our housing needs...
For first time buyers, its ever more the case that without help from the Bank of Mum & Dad they cannot afford a #home of their own.
In one year (according to Savills). the proportion of FTBs getting financial assistance with deposits (purchases) has risen from 41% to 61%; just one more way that the UK is a country for rich folk.
The less affluent cannot afford to buy while the rich expand their property holdings.
I'll say it again:
solving the #housingcrisis requires more social housing!
Over the last year, two Inuit right to housing advocates, travelled, gathering their stories and first-hand experiences of what it’s like trying to find affordable, safe, and secure housing in the North.
Stark Truths is an eye-opening exposé on the state of housing in the North, as told by Indigenous community members who face rampant human rights violations every day.
while we still do need more social housing, there is also a clear disconnect between how property is occupied (or left unoccupied) & the social needs of displaced households.
Our housing system is a mess, compounded by the role of #financialservcies & an ideology of the home-as-asset-class.
Its a nasty nettle to grasp & neither of our main parties are up for it.
A key element of the #housingcrisis is the time that young people remain living with their parents.
As house prices as a ratio of earning have accelerated, so saving for a #house deposit has become all but impossible for many... leaving them living at home.
The knock-on effects of a decline in the establishment of single generation new households may have significant long-term effects as yet under-recognised.
society will be changing (of retiring to the C19th)
#Landlords partner with $illegal #Airbnb operators to evict long-term tenants, raise rents and inflate property values. Everyone wins — except people who need a place to live.
In all fairness to the FT, they are not alone, but if I had to identify a single trope in #politics that causes major problems of economic perception, it would be the notion that rising #house prices are 'growth'....
NO! they are not; this is #inflation, wrapped up with engineered supply constraints & financial mechanism to expand the money available to 'invest' in a home as an asset.
There are lots of elements to the #housingcrisis, but this narrative of 'growth' is particularly pernicious!!
Every Scottish council with the exception of Glasgow, Falkirk & North Ayrshire will be using their new powers to double the council tax of 2nd homes. It’s estimated there are over 24,000 of these in #Scotland.
The latest by @dariaphoebe and I for #Providence Journal about why building infrastructure for safe, efficient non-car transportation is not a nice-to-have, but a must-have for building the density we need to combat the #housingcrisis.
US set to unveil long-awaited crackdown on real estate money laundering (www.reuters.com)
The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.