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fru-gal

Generationrent.org In Financial Trouble

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There's a shocker.

Charity-sector scammers hit up some mortgage industry backers to provide good PR and then find themselves over-stretched.

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Perhaps their 'independent' funders are getting uncomfortable with the growing scale of issues, that go a bit beyond their support. Not really Generation Rent's fault given the lack of any strong voice for tenants.

According to their site "Generation Rent receives funding from the Nationwide Foundation. The Nationwide Foundation is a registered charity (number 1065552); its main benefactor is Nationwide Building Society. Funding decisions are made by the Nationwide Foundation’s Board of Trustees, which is independent of Nationwide. Nationwide Building Society does not necessarily endorse the organisations funded by the Foundation. Instead it respects the Nationwide Foundation’s right to create its own strategy to tackle social issues."

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Perhaps their 'independent' funders are getting uncomfortable with the growing scale of issues, that go a bit beyond their support. Not really Generation Rent's fault given the lack of any strong voice for tenants.

According to their site "Generation Rent receives funding from the Nationwide Foundation. The Nationwide Foundation is a registered charity (number 1065552); its main benefactor is Nationwide Building Society. Funding decisions are made by the Nationwide Foundation’s Board of Trustees, which is independent of Nationwide. Nationwide Building Society does not necessarily endorse the organisations funded by the Foundation. Instead it respects the Nationwide Foundation’s right to create its own strategy to tackle social issues."

FFS - that makes the bias in the R4 Moneybox piece even worse!

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FFS - that makes the bias in the R4 Moneybox piece even worse!

I think that's a bit paranoid. Everything about housing is dodgy, but given the choice between something and nothing they chose something - funded actionable pragmatism. I would probably have done the same.

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Unfortunately unlike the taxpayers alliance they don't represent the views of business tycoons "ordinary tax payers" http://www.spinwatch.org/index.php/issues/finance-lobbying/item/219-a-closer-look-at-the-taxpayers-alliance so money is going to be hard to come by after mortgage lenders catch on to what you're up to.

I would have donated a few quid if they used crowdfunder.co.uk they chose not to and I've no intention at the moment of signing up to another crowd funding site (especially one I've never heard of before). Which is a shame really as they do help ensure that there is an organisation news outlets can go to, if there isn't one they just won't bother.

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I think that's a bit paranoid. Everything about housing is dodgy, but given the choice between something and nothing they chose something - funded actionable pragmatism. I would probably have done the same.

Did you listen to it?

Compared to the Priced Out people he was seemingly completely OK with the idea that he'd have to rent forever and that in due course 50% of the stock would be rented (presumably because people were actually going to be priced out, forever.)

As to the financial planner they selected, why not get a pundit who took a more bearish view on property,as well to balance the punditry; there must be some of them with killer ideas to be found down rabbit holes somewhere, the crew at MoneyWeek are perpetually bearish. Honestly, I'm not paranoid, (they always say that. ;) ). I favour a simpler explanation, the thought that buy-to-let might be a pup because house prices might fall never enters the head of the editor and rest of the programme team for a single second. I think it works like this. If you are going to do a nice little programme on holidaying in Kent, you wouldn't include a pundit who wanted to talk about the idea that the problem with Kent was all the alien abductions, as the thought that the possibility ought to be considered would never occur to you.

The BBC is the Ramper Prime not because of the choices it knowingly makes but because its senior employees appear to share a world view that does not admit the possibility that the insane HPI from about 1997 onwards is anything other than simply how things are.

The fact that they've ridden it whilst it crushed the hopes of the people making their tea is invisible to them, which of course, makes them human paraquats.

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Did you listen to it?

Compared to the Priced Out people he was seemingly completely OK with the idea that he'd have to rent forever and that in due course 50% of the stock would be rented (presumably because people were actually going to be priced out, forever.)

As to the financial planner they selected, why not get a pundit who took a more bearish view on property,as well to balance the punditry; there must be some of them with killer ideas to be found down rabbit holes somewhere, the crew at MoneyWeek are perpetually bearish. Honestly, I'm not paranoid, (they always say that. ;) ). I favour a simpler explanation, the thought that buy-to-let might be a pup because house prices might fall never enters the head of the editor and rest of the programme team for a single second. I think it works like this. If you are going to do a nice little programme on holidaying in Kent, you wouldn't include a pundit who wanted to talk about the idea that the problem with Kent was all the alien abductions, as the thought that the possibility ought to be considered would never occur to you.

The BBC is the Ramper Prime not because of the choices it knowingly makes but because its senior employees appear to share a world view that does not admit the possibility that the insane HPI from about 1997 onwards is anything other than simply how things are.

The fact that they've ridden it whilst it crushed the hopes of the people making their tea is invisible to them, which of course, makes them human paraquats.

No, but I'm only referring to Generation Rent. Whatever was said I bet having that voice on R4 at all beats grumbling about it anonymously on a forum instead like us. I think you misconstrued my earlier post.

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Noone round here fits that bill BU.

I've argued with GenRent for a year that they should campaign to #banHTB and they've rejected it every time. They wanted rent controls. #more f'g socialists! who did not and will never get what is truly needed except to try to manipulate the market which of course only makes things even worse

Edited by Killer Bunny

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What a useless website!

That page tells us they've successfully campaigned to outlaw revenge evictions. Interesting: how does that law work? No link or even reference to the legislation in question, or even to further information.

If I google I can find more informative reports like http://www.insidehousing.co.uk/parliament-passes-law-to-ban-revenge-evictions/7008805.article. That looks a whole lot more sensible: it gives the gist of the story, and a link to the bill itself if I want the details.

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No, but I'm only referring to Generation Rent. Whatever was said I bet having that voice on R4 at all beats grumbling about it anonymously on a forum instead like us. I think you misconstrued my earlier post.

OK - I get that now. As I say, listen to the programme. If accepting slavery and going on the radio to suggest how looser manacles might be nice is "funded actionable pragmatism" then Generation Rent people are on that shit like flies.

And we're not just grumbling anonymously. We are educating each other, and that education begets choices thus actions in out in the world beyond the web. Sell that circle-jerk keyboard-warrior defeatism elsewhere, I'm not buying :P

It's a node, not a circle.

Also I laughed a lot about the stuff about the Property118 gang yesterday. It certainly didn't feel like grumbling!

Edited by bland unsight

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Noone round here fits that bill BU.

I've argued with GenRent for a year that they should campaign to #banHTB and they've rejected it every time. They wanted rent controls. #more f'g socialists! who did not and will never get what is truly needed except to try to manipulate the market which of course only makes things even worse

Fair comment KB. I respect your work.

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Noone round here fits that bill BU.

I've argued with GenRent for a year that they should campaign to #banHTB and they've rejected it every time. They wanted rent controls. #more f'g socialists! who did not and will never get what is truly needed except to try to manipulate the market which of course only makes things even worse

Funded by Nation Wide ..biting the hand that feeds you said my tinfoil hat

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OK - I get that now. As I say, listen to the programme. If accepting slavery and going on the radio to suggest how looser manacles might be nice is "funded actionable pragmatism" then Generation Rent people are on that shit like flies.

And we're not just grumbling anonymously. We are educating each other, and that education begets choices thus actions in out in the world beyond the web. Sell that circle-jerk keyboard-warrior defeatism elsewhere, I'm not buying :P

It's a node, not a circle.

Also I laughed a lot about the stuff about the Property118 gang yesterday. It certainly didn't feel like grumbling!

Yes my idealism has been somewhat tempered into believe it when I see it, but I'd call that realism. I'll have a listen later and if that's what they're after then I'm wrong.

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Their domain-name was too much of a 'surrender' from me from the outset.

(I don't know much about them, who they are or what they've actually achieved. They've only been around a little while).

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Yes my idealism has been somewhat tempered into believe it when I see it, but I'd call that realism. I'll have a listen later and if that's what they're after then I'm wrong.

Christ - don't listen to it on my account, unless you propose to then complain to those dreadful rampers at the BBC. That's twenty-three minutes of my life that I can't have back. If me admitting I am wrong will prevent you from having to listen to it, then I'm wrong!

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What happened to Alex Hilton anyway.

He set it up as I remember it - or was first director.

In Singapore now.. doing what?

Jul 21
Received my ID card from Singapore immigration. I'm officially legit!

https://twitter.com/alexhilton?lang=en

May 2015

Alex Hilton is stepping down from his role as director of Generation Rent to concentrate on building a political campaign for an answer to the housing crisis.

http://www.housingexcellence.co.uk/news/alex-hilton-leave-generation-rent-and-focus-political-campaign-housing

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All the banks give to charities under the title of social responsibility. Many HPC'ers may not agree with Generation Rents stance on things, I don't personally but I wouldn't dish them either. They have brought more attention to housing concerns than I have. Same for Shelter.

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I think that's a bit paranoid. Everything about housing is dodgy, but given the choice between something and nothing they chose something - funded actionable pragmatism. I would probably have done the same.

Not to beat a dead horse, but what exactly was actionable in anything they've been advocating? Rent control?

The whole thing is an exercise in pro-banker PR.

-- Fund group looking at social issue and claim credit for "caring"

-- Group limits itself to non-starter solutions which will never come of anything but suck all the oxygen out of the room for real solutions

-- Any real change is avoided while gaining kudos for social responsibility

I'm curious, do you know many senior people in the charity sector? A lot of advocacy groups like this are nothing more than shake down schemes whereby the senior directors at the charity (most of whom are bat-sh1t crazy) make a good living on the backs of the impoverished and ideologically-blinded worker bees, all in the name of providing corporate donors with good spin. When some progress is made on the issue, which normally has nothing to do with any of their actions, they'll be the first ones to issue a press release and claim all the credit.

Read the bios of the people who work there. It screams scam to me.

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I can't decide if The Nationwide are geniuses or idiots for funding this, they do get to choose when to pull the plug.

The tide does seem to be changing when it comes to BTL ..Nationwide has taken more than a passing interest in this sector of late ...a coincidence ?

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Not to beat a dead horse, but what exactly was actionable in anything they've been advocating? Rent control?

The whole thing is an exercise in pro-banker PR.

-- Fund group looking at social issue and claim credit for "caring"

-- Group limits itself to non-starter solutions which will never come of anything but suck all the oxygen out of the room for real solutions

-- Any real change is avoided while gaining kudos for social responsibility

I'm curious, do you know many senior people in the charity sector? A lot of advocacy groups like this are nothing more than shake down schemes whereby the senior directors at the charity (most of whom are bat-sh1t crazy) make a good living on the backs of the impoverished and ideologically-blinded worker bees, all in the name of providing corporate donors with good spin. When some progress is made on the issue, which normally has nothing to do with any of their actions, they'll be the first ones to issue a press release and claim all the credit.

Read the bios of the people who work there. It screams scam to me.

Yes you're probably beating a dead horse. No I'm not familar with charity sector management.

My idea of housing reform is LVT and/or mass building to undercut landowners and/or revolution, so in the big picture I'm not that concerned either way about groups like Generation Rent. I had assumed from the funding cut that perhaps it was because they're becoming too prominent for their sponsors' interests. Tenant's rights, rent control or otherwise. That may be wrong. If they're considered an affront to change (agents of slavery or impoverishment) that seems a bit ott; if only because there's no real or counter-factual force of fundamental change anyway.

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Mass building never, anywhere has reduced prices. Never. Anywhere. Just enriches the elite.

#banHTB #letmktsetrates

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