asterisk2a + homeownership   9

FactCheck: Theresa May’s claim about housing doesn’t give the full picture – Channel 4 News
There have been six full financial years since the Tories took office in 2010. In four of those years, the number of new houses being built was lower than it was at any time under Labour.
UK  social  housing  Council  affordable  Crisis  Austerity  cartel  duopoly  Generation  Rent  Generationengerechtigkeit  disposable  income  discretionary  spending  debt  bubble  growth  secular  stagnation  immigration  homeownership 
october 2017 by asterisk2a
British households doing less cleaning, DIY and gardening, says ONS
[80% of 2015 GDP growth was consumer related][home improvement is bell weather signal] [...] Over the past decade British waistlines have expanded with obesity reaching crisis levels. Yet the ONS estimates that, in the home at least, the number of calories consumed has been falling. [...] Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. [...] It attributed the fall to petrol costs and pressure on household budgets after the financial crash. [...] . Time spent on DIY is down the most – by 20% since 2005. ...
recovery  disposable  income  discretionary  spending  DIY  homeownership  UK  property  bubble  Housing  Crisis  Generation  Rent  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  car  loan  ZIRP  NIRP  QE  mortgage  market  distortion  credit  payment  working  poor  low  pay  low  income  job  insecurity  private  debt  consumer  spending 
april 2016 by asterisk2a
BBC News - A history of social housing
Viability assessments are commercially confidential. not even the council can have a look at them. just get yes/no, and something liking to an executive summary. >> - The UK has a serious shortage of affordable homes. Lesley Curwen asks whether the current system - where councils do deals with developers to provide cheaper homes - is working. [...] in transparent, not accountable, no inclusion of community/tax payer. abuse of the system & situation. writing their own rules. knowing they have the leverage/upper hand due to the shortage and pressure put on councils by public due to shortage. the new-smaller bankster! Out come additional/more cost for everyone due all this. This is not a market. This is a one way game, again. Like the bank bailout was. either you bail us out on our conditions or you go down with us. // &! Why can't the UK build 240,000 houses a year? - // &! - The housing crisis in charts &! &!
social  housing  affordable  housing  UK  austerity  Tories  Conservative  Party  neoliberalism  neoliberal  exploitation  lobbyist  lobby  Lobbying  homeownership  Generationengerechtigkeit  generation  rent  fairness  Career  Politicians  No  Representation  social  contract  working  poor  Precariat  Help  to  Buy  Scheme  shared  economic  interest  disposable  income  discretionary  spending  long-term  view  long-term  thinking  property  bubble  mortgage  market  2015  segregation  social  cleansing  gentrification  Gentrified  urban  planning  urbanisation  social  cohesion  social  tension  political  theory  wage  stagnation  wage  growth  economic  history  Supply  and  Demand  Demand  and  Supply  bureaucracy 
september 2015 by asterisk2a
Americans Facing More Inequality, More Debt and Now More Trouble? - YouTube
Middle Class, keeping up with the Jonses.

Did America's record-high level of economic inequality in 2007 help cause the financial crisis of 2008? With Americans' borrowing back on the rise and signs that economic inequality is growing, could there be another financial crisis in the near future? Paul Solman continues his series of reports on U.S. economic inequality.
income-gap  income  inequality  debt  debtoverhang  USA  public  private  economics  living-standard  household  crisis  credit  creditcrisis  GFC  subprime  middleclass  homeownership  creditcard  payday-loan 
august 2011 by asterisk2a
White House Acknowledges Concern Over HR 3808 | FDL News Desk
For big banks, “there’s a possible nightmare scenario here that no foreclosure is valid,” said Nancy Bush, a banking analyst from NAB Research. If millions of foreclosures past and present were invalidated because of the way the hurried securitization process muddied the chain of ownership, banks could face lawsuits from homeowners and from investors who bought stakes in the mortgage securities – an expensive and potentially crippling proposition.

For the fragile housing market, already clogged with foreclosure cases, it could mean gridlock and confusion for years. And there is concern in Washington that if the real estate market and financial institutions suffer harm, it could force the government to step in again.
foreclosure  2010  fraud  bubble  financial  homeownership  housing  housemarket  presidency  barackobama  lobby  Lobbying  H.R.3808  banks  bank  USA  unintended  consequences 
october 2010 by asterisk2a
News Analysis - A Bold U.S. Plan to Help Struggling Homeowners -
“The housing market is the Vietnam War of the American financial system,” said Howard Glaser, a housing consultant. “The federal government is in so deep, they have to keep ramping up to find a way out.”

The latest programs, together with foreclosure assistance efforts already in place, are aimed at helping as many as four million embattled owners keep their houses. But the measures, which will take as long as six months to put into practice, might easily fall victim to some of the conflicting interests that have bedeviled efforts to date. None of these programs have the force of law, and lenders have often seen no good reason to participate.
housemarket  housing  bailout  realestate  greatrecession  usa  2010  barackobama  economics  economy  homeownership  TARP  fanniemae  freddiemac  FHA 
march 2010 by asterisk2a

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