[Diggers350] An Englishman’s Home Is His Prison? Labour’s 1.5m homes will be dominated by private equity firms, charging huge rents
David Halpin
david at infoaction.org.uk
Mon Mar 3 09:56:43 GMT 2025
My assumption too - bold. But at base the banking racket post Fed
Reserve. *Fractional Reserve Banking.* NOT DISCUSSED - including by good
Jeremy. Now a recession is being engineered AGAIN - time for that
revolution of the mind - in the streets - with millions. No weapons, no
MI5 spoilers - bricks through windows. Minds and hands. Diggers all.
for truth David (Halpin MB BS FRCS Dartmoor 0044 1364 661115 )
Last posting with 12 ans 13 before) -
https://dhalpin.infoaction.org.uk/ >>
*https://dhalpin.infoaction.org.uk/6-articles/palestineisrael/425-addition-to-the-continuum-of-fascism-part-eleven-this-the-third-letter-to-sir-keir-starmer-prime-minister-of-great-britain-on-the-27th-of-february-2025-ad*
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On 02/03/2025 2:24 pm, Tony Gosling wrote:
>
>
> *An Englishman’s Home Is His Prison? Labour’s 1.5m homes will be
> dominated by private equity firms, charging huge rents *
>
> <https://tlio.org.uk/an-englishmans-home-is-his-prison-labours-1-5m-homes-will-be-dominated-by-private-equity-firms-charging-huge-rents/>02
> March 2025 | <https://tlio.org.uk/author/tony/>Tony Gosling |
> <https://tlio.org.uk/an-englishmans-home-is-his-prison-labours-1-5m-homes-will-be-dominated-by-private-equity-firms-charging-huge-rents/#respond>Leave
> a comment
>
> Labour’s 1.5m homes will be dominated by private equity firms charging
> huge rents
>
> <https://www.thecanary.co/uk/analysis/2025/02/23/labour-build-to-rent/>by
> James Wright 23 February 2025
> https://www.thecanary.co/uk/analysis/2025/02/23/labour-build-to-rent/
>
> Emacs!
>
> The Labour Party’s pledge to build 1.5m new homes over this parliament
> risks being dominated by private equity in the Build to Rent sector,
> Common Wealth has warned in a new report.
>
> Indeed, chancellor Rachel Reeves has tied herself to fiscal rules to
> embed the neoliberal market throughout government planning. In her
> budget, she pledged money for the Build to Rent sector in order to
> ‘crowd in’ private investment, rather than treating homes as necessary
> shelter provided publicly and mandated as affordable to all.
>
>
> Private equity in real estate – The Build to Rent scandal
>
> Build to Rent properties in the UK have increased to 20% of all new
> builds in recent years – and 27% in London, the thinktank states.
> Investors know that renting out essentials is a guaranteed way to make
> the most money.
>
> That is, you get regular, passive income on resources people
> automatically need while retaining ownership of the ‘asset’ itself.
> Investors can then use the ‘product’ as collateral or eventually sell it.
>
> At the same time, housing is a risk free investment for the government
> to make through public ownership, which can be organised on the basis
> of need and affordability.
>
> Another way the current system is far from adequate is inherited
> wealth. Common Wealth notes that that in 2023 the majority of first
> time house buyers (57%) received financial assistance from their
> parents. The lottery of birthright should surely not prevail over the
> fact that housing is is a commonality.
>
> Nonetheless, the thinktank further points out that between the onset
> of the financial crash in 2008 and 2023 the global real estate
> ‘assets’ under the management of “institutional investors” increased
> by around 450% from $385bn to $1.7trn.
>
> <https://www.economist.com/britain/2024/08/08/would-building-15m-homes-bring-down-british-house-prices>Related:
> Would private equity building 1.5m UK homes bring down British house
> prices?
>
>
> Rachel Reeves: making the situation even worse
>
> In the UK, overseas investors believe the housing market system to be
> staying. In absolute terms, UK real estate was the largest housing
> market for foreign investment in the first quarter of 2024.
>
> Private investors want to maximise their profits at every avenue.
> Common Wealth points out this is at odds with providing affordable and
> social housing. The thinktank notes that when asset managers
> Blackstone bought up and renovated homes in Stockholm, rents increased
> by a whopping 43%.
>
> The report further shows that a “structural undersupply” of housing
> leads to year on year rent rises.
>
> Instead of tackling the issue, Reeves seems intent on making the
> situation worse and diverting more resources away from public housing
> and towards private investment.
>
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>
> The list began eight weeks prior to the 350th anniversary of The Diggers. They occupied land at the end of the English Civil war with a noble mission to make the earth 'a common treasury for all'. In the spring of 1999 there were celebrations to remember the Diggers vision and their contribution to human freedom and what we now call social justice.
>
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> Die Pride and Envie; Flesh, take the poor's advice.
> Covetousnesse be gon: Come, Truth and Love arise.
> Patience take the Crown; throw Anger out of dores:
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>
> Woe to those who join house to house and field to field, until there is no more room, and you are made to dwell alone in the midst of the land. Yahweh of heaven's armies has sworn in my hearing: 'Surely many houses shall be desolate, large and beautiful houses, without inhabitant.' Isaiah 5:8-9
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