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tomandlu

Guardian - One in seven councillors in English rental hotspots are landlords

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27 minutes ago, tomandlu said:

I'm surprised the number is so low (and it wouldn't surprise me to find out quite a few haven't declared their interests). 

Both my local councillors are landlords and one owns most of the local high street. The MP is from a farming family that own thousands of acres and let it out to tenant farmers to work.

We are speeding back to the 1800s with such velocity I expect to see top hats in everyday use within the decade.

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31 minutes ago, Futuroid said:

We are speeding back to the 1800s with such velocity I expect to see top hats in everyday use within the decade.

I'm more worried that we're heading back to the 1300s.

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1 hour ago, Futuroid said:

We are speeding back to the 1800s with such velocity I expect to see top hats in everyday use within the decade.

We never left. The wealth we've taken from the rest of the world for centuries temporarily papered over the cracks.

On the subject of councillors, when we have (depending on where you live - city or village) 10 layers of government above us, It's difficult to focus on the activities of one of the layers.

This article being one of the few exceptions. Well done Generation Rent - as they're mentioned, they must have worked towards this.

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16 minutes ago, oatbake said:

What percentage of Guardian journalists are into BTL?

What's that got to do with the price if fish? 

The Guardian has argued for landlord regulation and generally raised the profile of issues to do with housing. Unlike Councillors, they do not have the ability to block rules that are not in their interests. 

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19 hours ago, highYield said:

We never left. The wealth we've taken from the rest of the world for centuries temporarily papered over the cracks.

On the subject of councillors, when we have (depending on where you live - city or village) 10 layers of government above us, It's difficult to focus on the activities of one of the layers.

This article being one of the few exceptions. Well done Generation Rent - as they're mentioned, they must have worked towards this.

What wealth, exactly, did "we" take?

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14 minutes ago, Locke said:

What wealth, exactly, did "we" take?

That could be the title of a PhD thesis! Everything from gold & slaves in the early empire, to e.g. Bushveld mines and the Anglo-Iranian Oil Company in later stages.

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Osbanker's Help to Buy Bail Banks was based on a 2011 Council scheme.

Councils deciding our council tax should be risked to help prop up property prices. 

Quote

 

Councils are to help first-time buyers get on the housing ladder by topping up their deposits.

Five councils are pioneering a scheme aimed at buyers who can afford the monthly mortgage repayments but do not have a lump sum saved up.

Many first-time buyers find it difficult to purchase a home because lenders are asking for hefty deposits.

The councils will put 20% of the price in a Lloyds TSB account, with the lender asking for a 5% deposit.

The funds will not go to the buyer and the mortgage rate will be lower.

The councils risk losing money if a buyer defaults, but they get a generous interest rate themselves.

The scheme could benefit up to 300 first-time buyers in each area, but if other councils join, thousands could potentially benefit.

Another 10 councils are waiting to join the scheme.

http://www.bbc.co.uk/news/business-12754818

 

 

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16 minutes ago, highYield said:

That could be the title of a PhD thesis! Everything from gold & slaves in the early empire, to e.g. Bushveld mines and the Anglo-Iranian Oil Company in later stages.

The Spanish took all of the South American gold and it totally destroyed their economy, so I don't think your thesis really stands up.

"Wealth" really means "human labour". Gold in the ground is worth almost nothing. Pure gold, mined and refined, on the other hand is worth...however much someone is wiling to trade their time and effort for it.

The value of slave labour pales in comparison to the value of the work done since the invention of the computer and is less than a rounding error compared to the labour produced through the internet.

Oil...well, the Iranians seem to be doing quite well these days.

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6 hours ago, Locke said:

The Spanish took all of the South American gold and it totally destroyed their economy, so I don't think your thesis really stands up.

"Wealth" really means "human labour". Gold in the ground is worth almost nothing. Pure gold, mined and refined, on the other hand is worth...however much someone is wiling to trade their time and effort for it.

The value of slave labour pales in comparison to the value of the work done since the invention of the computer and is less than a rounding error compared to the labour produced through the internet.

Oil...well, the Iranians seem to be doing quite well these days.

Sorry to continue off topic, but... 

Spanish excess gold induced inflation was a negative consequence of them taking wealth that was regarded as money at the time. That they ended up with negative consequences has little bearing on the thesis that our inequality has been hidden/made bearable by wealth taken from our empire.

The Bushveld is a PGM complex, not gold. The Iranians would have probably liked to have had a democracy: https://en.wikipedia.org/wiki/1953_Iranian_coup_d'état

edit: That physically shipping slave labour is less efficient than using facebookers for free doesn't have any bearing on the slaves being wealth (a valuable form of it at the time).

2nd edit: Could it possibly be said that the social media marketing 'we have x million eyeballs' may be a little analogous to the centuries old 'I own x thousand slaves'?

Edited by Guest

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11 minutes ago, Dražen Petrović said:

Have you ever heard about conflict of interest ? Journalists don't approve planning permissions, urban development project etc. but Councillors do. 

This is hardly a surprise to anybody. Note, I'm not saying it's right: It is a clear conflict of interest. So is MPs owning BTL properties. 

I was merely pointing out that BTL is endemic amongst middle class types and is a sign of just how ridiculous the BTL situation has become.

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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