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🗞️Can this ‘ethical capitalist’ solve the UK’s social housing crisis? | Richard Partington

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Can this ‘ethical capitalist’ solve the UK’s social housing crisis? | Richard Partington

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2024-03-31 - Richard Partington (from US general21)

Julian Richer, a landlord himself, says markets have created only disaster and the nation must shift from its focus on ownershipBritain is a nation obsessed with home ownership. A fundamental necessity for all turned commodity to speculate on, it is featured on daytime TV as entertainment, the sure-fire profit-spinner open to anyone.The truth, as we all know, is that the prospect of home ownership is drifting increasingly out of reach for millions. Figures released last week show that as few as 7% of local authorities in England and Wales have homes that can be bought for less than five times workers’ earnings and are therefore deemed “affordable”. In 1997 the figure was 88%. Continue reading...

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[USA] 🌎 https://www.theguardian.com/business/2024/mar/31/ethical-capitalist-solve-uk-social-housing-crisis-julian-richer [🧠] [v2] article_embedding_description: {:llm_project_id=>"Unavailable", :llm_dimensions=>nil, :article_size=>1419, :llm_embeddings_model_name=>"textembedding-gecko"}
[🧠] [v1/3] title_embedding_description: {:ricc_notes=>"[embed-v3] Fixed on 9oct24. Only seems incompatible at first glance with embed v1.", :llm_project_id=>"unavailable possibly not using Vertex", :llm_dimensions=>nil, :article_size=>1419, :poly_field=>"title", :llm_embeddings_model_name=>"textembedding-gecko"}
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[🧠] As per bug https://github.com/palladius/gemini-news-crawler/issues/4 we can state this article belongs to titile/summary version: v3 (very few articles updated on 9oct24)

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Title: Can this ‘ethical capitalist’ solve the UK’s social housing crisis? | Richard Partington
Summary: Julian Richer, a landlord himself, says markets have created only disaster and the nation must shift from its focus on ownershipBritain is a nation obsessed with home ownership. A fundamental necessity for all turned commodity to speculate on, it is featured on daytime TV as entertainment, the sure-fire profit-spinner open to anyone.The truth, as we all know, is that the prospect of home ownership is drifting increasingly out of reach for millions. Figures released last week show that as few as 7% of local authorities in England and Wales have homes that can be bought for less than five times workers’ earnings and are therefore deemed “affordable”. In 1997 the figure was 88%. Continue reading...

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Author: Richard Partington
PublishedDate: 2024-03-31
Category: USA
NewsPaper: US general21
Tags: Housing market, Economic policy, Property, Social housing, Politics, Economics, Business, UK news, Economic growth (GDP), Renting property, Housing, Real estate, Society, Money
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Julian Richer, a landlord himself, says markets have created only disaster and the nation must shift from its focus on ownership

Britain is a nation obsessed with home ownership. A fundamental necessity for all turned commodity to speculate on, it is featured on daytime TV as entertainment, the sure-fire profit-spinner open to anyone.

The truth, as we all know, is that the prospect of home ownership is drifting increasingly out of reach for millions. Figures released last week show that as few as 7% of local authorities in England and Wales have homes that can be bought for less than five times workers’ earnings and are therefore deemed “affordable”. In 1997 the figure was 88%.

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