UK Housing markets (ownership & rental) are dysfunctional:

Rents are rising as fewer landlords are entering the market slowing down supply of rentable homes;

house prices continue to rise pushing people towards rentals, driving up demand;

rents, mortgages & other household coats are rising forcing more into effective poverty (or near poverty).

It all looks like a continuing transfer of income from workers to property/share owners....

So perhaps functional for them, then!

#housing

Dutton gets a free pass from the media at large for a huge gaffe (a lie) on #Labor's #housing numbers.

How did the #ABC react when #Albo got the jobless rate wrong in the 2022 election campaign? It was a feeding frenzy.... Franzy. It went on for weeks.

#journalism #misinformation #auspol

“In the face of a desperate housing crisis, the existence of right to buy means we are in effect trying to refill a bath without being allowed to put the plug back in.”

#UKpolitics #Housing #RightToBuy #Labour

https://www.theguardian.com/society/2024/nov/07/new-council-housing-in-england-may-be-removed-from-right-to-buy-scheme

Despite hopes UK's National Planning Policy Framework's explicit requirement that public transport links should be part of decisions for new development, over the last decade the need for car use for those living on new development has remained broadly the same - the Framework has had no real impact in this regard.

If we are to manage a green transition we know we need more extensively used public transport... homes need to be near links!

#housing #PublicTransport

https://www.theguardian.com/politics/2024/nov/06/planning-rules-have-failed-to-link-new-homes-to-public-transport-report-finds

For the under-25s, the need for social housing is urgent.

In 2004, just on a quarter of under-25s already owned their own home; now its just 10%

And over half (57%) got help from family members to buy their first (owned) home.

For the rest its rental;

While for renters over 25, private rents are usually around 30% of their income (which is just about affordable), for the under 25s rental costs are nearly half (47%) of income.

No wonder the under-25s feel shafted!

#housing
h/t FT

"Anyone being told by a builder that they will have to wait many months to be able to build their home can look to the government’s approvals of new mines as a major reason for the shortage of labour."

#AusPol #Housing
https://australiainstitute.org.au/post/approving-new-fossil-fuel-mines-makes-both-the-climate-and-housing-affordability-worse/

I generally would rather see grotesque extractionist systems dismantled rather than just turned on each other, but I'll admit that I enjoyed this one. 🤣

"An Airbnb owner has been forced to implement a new ‘no crypto mining policy’ after a tenant installed 10 mining rigs that racked up a $1,500 electricity bill in just three weeks.

Other Airbnb hosts have also complained about crypto miners running up their electricity bills.

Another user in the UK revealed on an Airbnb forum that they believed their guests were mining bitcoin and that it caused their bill to increase by thousands of pounds."

https://protos.com/airbnb-host-adds-no-crypto-mining-rule-after-tenant-installs-10-rigs/

#AirBnB #Bitcoin #Housing #Capitalism #Sustainability #Landlords

Anyone know anything about Roostrent?

https://roostrent.com/

Seems lime a housing coop accelerator in the UK. But basically no info out there.

#coop #housing #housingcoop #london #uk

Many FBI agents are struggling to make ends meet. Housing costs are to blame

"We have heard very compelling and heart-wrenching stories..."

https://www.npr.org/2024/04/11/1243982287/fbi-agents-housing-costs

Well, now they don't like #capitalism. 🙄

#FBI #housing #economy #midjourney

Mediating access: unpacking the role of #algorithms in digital tenancy application technologies https://www.tandfonline.com/doi/full/10.1080/1369118X.2024.2334904 #paper #bias #rental #alquiler #housing #vivienda

Wellington divided as Peter Jackson land purchase halts housing plan https://www.theguardian.com/world/2023/sep/12/wellington-divided-as-peter-jackson-land-purchase-halts-housing-plan #nzpol #housing #environment

Just sayin'

#housing