The Property Lobby: The Hidden Reality behind the Housing Crisis. Notes for a Video Dialogue with @financialeyes Ranjan Balakumaran and Roger Lewis @homeatix


This Blog Post is to form the basis for an in depth discussion with Ranjan following from our Analysis of the Friary Park and westferry printers Sites back last summer 2020.
Same old shit different day Com Ce Com Ca!

The Property Lobby: The Hidden Reality behind the Housing CrisisThe Property Lobby: The Hidden Reality behind the Housing Crisis by Bob Colenutt
My rating: 5 of 5 stars

An Excellent look at the UK property Market.
All the parameters are defined clearly and the Authors own
take is refreshingly present throughout.
This book along with Chloe Generation RentTimperly’s Generation Rent,
Both add significantly to the DIalogue which should be happening around the “Housing Crisis”
These are questions which this reviewers own Volume House Building company is actively engaged with.
Home@ix The Affordable Homes Series
https://www.yumpu.com/s/p9OtGg7RBbMsUnAY
Well done Bob Colenutt on setting out this intractable perennial of British Political Economy.

View all my reviews
p29-33 Hidden Reality Colenutt1

Colenut 2p9 2

p 33 Colenut housebuilding by tenure from 1946

Moduloft THE AFFORDABLE HOUSING MANUFACTURERS. Source Book ( for defining the Problem)

Peach p37 Colenut

https://en.wikipedia.org/wiki/The_Emperor%27s_New_Clothes_(2015_film)
New Era estate

The New Era estate is a housing estate in Hoxton, in the London Borough of Hackney, part of East London. Approximately 100 families lived on the estate in 2015.[1]

The New Era Tenants’ Association of estate residents had been involved in protests over the increase in rents proposed by its new landlord, the U.S.-based investment fund Westbrook Partners.[2] After Russell Brand joined the protests in 2014, footage of his clash with a television reporter at a 10 Downing Street demonstration in Westminster went viral on YouTube, bringing the issue to greater public notice.[3][4][5] A petition raised 350,000 signatures in support of the residents,[6] and Hackney Council became involved in negotiations with Westbrook Partners.[7]

In December 2014, it was confirmed that the housing estate was to be sold to the affordable housing group Dolphin Living, a housing provider owned by the Dolphin Square Charitable Foundation.[4][8][9]
https://en.wikipedia.org/wiki/Lindsey_Garrett

Benyon firm pulls out of Hoxton’s New Era Estate over rent hike furore

Conclusion preface 1 colenut

Conclusion colenut preface 2

The Calcutt Review, A georgist christmas carol p52

One aspect of the analysis is the framework driven public private partnerships typified by the Catalyst/Mount Anvil deal in Friary park acton and the loan to Mt Anvil from the GLA mayor, Sadiq Khan.
This aspect of the MMC efforts to provide more affordable housing is aptly summarised here by Gerry McCaughey,
“Homebuilders aren’t builders; they are more land

acquisition and marketing guys.” They don’t create project value by opening a building

faster or for less money. They create value by taking a piece of property, building

something, and then marketing that new thing. Their ability to do this successfully

determines the overall success of that project more than any other variable. Developers

need a product to market, and manufacturers can create that product and the brand to

match. “

Another distinction in the Two cheeks of the same arse question is the role played by the
Macro prudential regulations of International finance. for a discussion of this see
Income inequality, mortgage debt and house prices Bank of England research Paper by Sevim Kösem . A MortgageMaxM@ix and Home@ix group response.

This is an interesting paper, I am tempted to place it in the Not even wrong category. At least it asks the question.
https://www.bankofengland.co.uk/working-paper/2021/income-inequality-mortgage-debt-and-house-prices

I think my Analysis from last year remains more robust than this Discredited General Equilibrium model approach.
I will write a critique of the paper over the weekend.
https://www.yumpu.com/en/document/view/65066398/affordable-homes-a-framework-of-understanding

Moduloft:The Affordable Housing Manufacturer Introduction to Our Series on understanding The Affordable Homes Equation.

How Jones aims to put the Verry brand on the map

They’re very different sectors, though there are some similarities even outside the processes and disciplines involved in running a multi million pound business.

The margins are pretty tight in electronics but they’re even worse in construction.That’s been the hardest part, getting my head around the enormous amount of risk contractors shoulder and the level of margins, which don’t seem to quite match up.

Price fixing and Public Land p57 colenut

“Let Them eat Shit”. The Busy fools of the NWO Bureaucracy. #CovidPurpose. Ruskin the Rules of Political Economy and the Darkened Rooms. The Covid 19 Stakes from Royal Ascot. @WIKI_BALLOT #4PAMPHLETEERS @GRUBSTREETJORNO @WIKI_BALLOT @FINANCIALEYES @JOEBLOB20



Government subsidy and Homes England Crony Capitalist Charterp61 colenut

The Veins of Wealth
Pardon me. Men of business do indeed know how they themselves made their money, or how, on occasion, they lost it. Playing along-practised game, they are familiar with the chances of itscards, and can rightly explain their losses and gains. But they neither know who keeps the bank of the gambling-house, nor what other games may be played with the same cards, nor what other losses and gains, far away among the dark streets, are essentially, though invisibly, dependent on theirs in the lighted rooms. They have learned a few, and only a few, of the laws of mercantile economy; but not one of those of political economy.Primarily, which is very notable and curious, I observe thatmen of business rarely know the meaning of the word “rich.” At Least, if they know, they do not in their reasonings allow for the fact, that it is a relative word, implying its opposite“poor” as positively as the word “north” implies its opposite“south.”


Housebuilding Business p41 table 1

Residual Land Values Valuation dark arts p48 colenut

Some more Notes on Mortgages, Securitisation and Repossession/foreclosure.



https://doi.org/10.1080/14747731003593091
I emphasize a pragmatic interpretation: the making of these capitalist relations of production,
whether those of early or of advanced capitalism. In this paper, and in the larger projects on
which these cases are based, I focus on two cases that are easily described as logics of extraction.
Extraction is indeed a major feature, and I describe this. But I think it is critical to go beyond
logics of extraction to recover the systemic transformation—how more traditional capitalist
economies are being destroyed to expand the operational space of advanced capitalism.5 In
brief, the two cases I describe are, beyond extraction, system-changing practices, and projects.6

5 For instance, the growing informalization of work in major global cities of the North beginning in the 1980s is often
described as a mechanism to lower costs of production. It is that, but it is also a more complex dynamic that
contributes to the deepening of advanced capitalism. In my research I find that some (not all) of the components
of this informalizing of work are the systemic equivalent of the deregulation of major advanced economic sectors,
notably finance and telecommunications. It adds particular forms of ‘flexibility,’ i.e. needed components of
production and work for the advanced sectors that could not function
/survive formally (Sassen, 2006, ch. 5 and 6).
6 Elsewhere (Sassen, 2008b, 2008c) I examine these two cases through a specific lens: the assemblages of specific
processes, institutions, and logics that get mobilized in this systemic transformation
/expansion
/consolidation.
Comparing the current assemblage of elements that enables the operations of ‘PA’ as systemic deepening with
those of the original in Marx also is a way of establishing the differences—the specific historical and systemic
differences. Focusing on assemblages of elements involved in these shifts, rather than positing more
deterministic dynamics, also enables factoring in contingency. And here is where a strict application of Marx’s
concept of PA cannot work, which can then lead some to object to the use of the category to capture some
specific current transformations.

Click to access savage.pdf

Democracy and the State.

Coercive aggregation and the poor
Exegi Monumentum
By A.S. Pushkin
Translated by A.Z. Foreman
We heard him say, “I will destroy this temple that is made with hands, and within three days I will build another made without hands.”
-Mark 14:58

I’ve reared a monument not built by human hands.
The public path to it cannot be overgrown.
With insubmissive head far loftier it stands
Than Alexander’s columned stone.

No, I shall not all die. My soul in hallowed berth
Of art shall brave decay and from my dust take wing,
And I shall be renowned while on this mortal earth
A single poet lives to sing.

Tidings of me shall spread through all the realm of Rus
And every tribe in Her shall name me as they speak:
The haughty western Pole, the east’s untamed Tungus,
North Finns and the south steppe’s Kalmyk.

And long shall I a man dear to the people be
For how my lyre once quickened kindly sentiment,
I in a tyrant age who sang of liberty,
And mercy toward fallen men.

To God and his commands pay Thou good heed, O Muse.
To praise and slander both be nonchalant and cool.
Demand no laureate’s wreath, think nothing of abuse,
And never argue with a fool.
http://poemsintranslation.blogspot.com/2013/10/pushkin-exegi-monumentum-from-russian.html

Conclusion: The Expulsion of People and the Incorporation of Terrain

The potential for global replication of the financial innovation that destroyed 15 million plus
households in the US, therewith devastating whole neighborhoods is the systemic equivalent,
albeit on a much smaller scale, of the global South countries devastated by an imposed debt
and debt servicing regime which took priority over all other state expenditures. These are two
manifestations of a systemic deepening of advanced capitalism, one marked by its potential
to spread globally and the other marked by its full enactment in the global South.
Both cases can be seen as part of a much larger process of financial deepening, one of today’s
major dynamics characterizing advanced capitalist economies. Financial deepening requires
specific mechanisms, which can be extremely complex, as in the case of the type of subprime mortgage
examined in this article, or they can be quite elementary, as in the debt servicing
regime that took off in the 1990s. I examine these two cases through a specific lens: the transformative
processes that expand the base of current advanced capitalism. Particular attention
went to the assemblages of specific processes, institutions, and logics that get mobilized in
this systemic transformation/expansion/consolidation.
One way of thinking of this systemic deepening is as the expansion of the operational space
for advanced capitalism—it expels people both in the global South and in the North even as it
incorporates spaces. The devastated economies of the global South subjected to a full decade or
two of debt servicing, are now being incorporated into the circuits of advanced capitalism
through the accelerated acquisition of millions of hectares of land by foreign investors—to
grow food and extract water and minerals, all for the capital investing countries.

This also holds for such a radically different instance as the sub-prime mortgage crisis, a largely global North dynamic. I see the sub-prime mortgage as extending the domain for high finance but ina way that delinks the financial circuit from the actual material entity that is the house, and hence from the neighborhood, and from the people who got the mortgage. All of these materialities are excluded from this type of articulation with high-finance—which means that the devastated neighborhoods are expelled from what are, strictly speaking, also traditional circuits of capital. It is akin to wanting only the horns of the rhino, and throwing away the rest of the animal, devaluing it, no matter its multiple utilities. Or using the human body to harvest some organs, and seeing no value in all the other organs, let alone the full human being—it can all be discarded.

But unlike the clear realignments we see in vast stretches of the global
South, it is not clear how these devastated urban spaces in the global North will be incorporated
into the circuits of advanced capitalism.
This systemic shift signals that the sharp increase in displaced peoples, in poverty, in deaths
from curable illnesses, are part of this new phase. Key features of primitive accumulation are at
work, but to see this it is critical to go beyond logics of extraction and to recognize the fact of
systemic transformation, with its system-changing practices and projects—the expulsion of
people that transforms space back to territory, with its diverse potentials.

Mortgage Origination discussion
https://www.yumpu.com/s/smlLyrhO3HMcxa0n
For the Land is mine Single Land Tax Documentary

Principles of Tax Policy Dr Adrian Wrigley

The principles of tax policy by Dr. Adrian Wrigley (RIP)


The Tethered Bull
Progress and Poverty Henry George extract

Wes Free the Big Apple Plan
THE BIG APPLE PLAN. WESLEY FREEBURG. WHY ABSTRACT CURRENCIES FAIL 
THE NATURAL ORDER OF MONEY AND WHY ABSTRACT CURRENCIES FAIL — A CRITICAL REVIEW
Go to the profile of Wesley Freeburg
Wesley FreeburgFollowing
Jan 1, 2018

The Big Apple Plan. Wesley Freeburg. Why Abstract Currencies Fail 

Field Theory, Transformers Pacific Rim to the Electron, Ionisation and Potential Energy. Dangerous Knowledge Secret Lives of Waves.

The Game, Melt Fund Robin Smith

The Game – Essential knowledge (Melt Fund On IPFS)


July 8, 2018
REDEFINING FISCAL CONSERVATISM. THE TERRA/ENERGY BASED FISCAL UNIT. FÖRES AND LAGOM WHITE PAPER, BOUNDARY CONDITIONS FOR A FISCAL CONSERVATISM BASED UPON CIRCULAR ECONOMICS. PART ONE SCOPE.

The Bank of Energy. #Energy #Graphine #MaterialsTechnology. Opportunity Cost of Energy. Part 1, Technology.

On the Mortgage research I have been doing.
https://drive.google.com/file/d/1w9S0DhKoalxjCoWQ_yzl8P13IehMYVKL/view?usp=sharing
This paper is very good, although it is about Sub Prime mortgages originated between 2003 and 2006 with outcomes monitored up to 2008.
It is clear to me from this and other empirical research I have been reading that the Moduloft 5% and 5X product is neither sub prime or indeed loaded with the highest risk factors those being, Self Certification, a variable and low introductory teaser rate. Two employees in similar status employment are very secure lending risks and LTV and Income multiples are far less significant than whether the borrower occupies the property mortgaged as their sole residence and in the Language of the attached paper, “the Option is in or out of the money”,as per pro Default , repay or refinance.



Generation Rent by Chloe Timperley

Home@ix The Affordable Homes Series
Our Series on Solving the Affordable Homes Equation for Our Customers.

Author: rogerglewis

https://about.me/rogerlewis Looking for a Job either in Sweden or UK. Freelance, startups, will turń my hand to anything.