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Saving For a Space Ship

Groups of tenants create housing assoc to tackle rent rises  

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The Germans solving rising rents with people power

https://www.bbc.co.uk/news/world-europe-46522118

Quote

..Ligsalz8 is involved in more than 100 projects throughout Germany, and has links to similar setups in the Netherlands and Austria. Aware of how high living costs are in the UK, the organisers are keen to spread the idea even further.

"We thought, what can we do to make sure that these flats never get privatised again?" said York.

How they buy their buildings

Groups of tenants create housing associations, which join with the syndicate to form private limited companies. Those companies then buy - and own - the buildings.

They are financed by direct microcredits in the form of tiny loans and crowdfunding, as well as "standard" bank loans and support from the syndicate.

The rents stay the same, even after the loans are paid off.

It's not a co-operative.

Tenants would need their own capital for that, York told me, and there is the danger that with a majority vote, the rental flats could be put on the market again...

 

Edited by Saving For a Space Ship

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These hippy dippy schemes are a patch not a solution.

The only way to solve the housing crises is by changing the incentive structures,, and that can only be done by government.

 

What you need to ask yourself is, what do you want housing to do?

-Is it an investment vehicle?

-Is it a dwelling for habitation?

and then, you wan to ask another thing

- Who do you want in the dwelling? 

 

My answer is, houses are there to house the population, specially those who are productive and keep the nation running. From the barista to the barrister. The sandwich seller  that has to work in some London train station from 6 in the morning, manning an outdoor costa coffee stall, to the city banker and everyone in between, the cab driver, the nurse, the teacher, the amazon delivery guy, the pharmacist etc.

 

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  • 294 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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