juliusbeezer + land   15

Wednesday briefing: Location inflation – Britain's homes worth £6tn | World news | The Guardian
The total value of all the houses in the UK has passed the £6tn mark for the first time, according to research by Halifax. If you are into hypothetical comparisons, we could pay off Britain’s national debt four times over if everyone sold up.

In 2007 Halifax estimated the UK’s housing stock was worth £4tn. The value of homes in London is now more than all the houses in Scotland, Wales and the north of England combined. In the south, the biggest gainers have been the buy-to-let set of landlords and second home owners. The average rate of owner-occupation across the UK is 63%, but it is just 48% in London.

The report highlights the struggle of younger people to get on the property ladder. Under 35-year-olds own just 3.3% of the UK’s net property wealth, while the over-55s hold 63.3%.
land  uk  housing 
november 2017 by juliusbeezer
L'artificialisation des sols en France, un ravage méconnu
Selon Corine Land Cover, entre 1990 et 2006, la part des surfaces artificialisées sur le territoire métropolitain passe de 4,6 % à 5,1 %, ce qui correspond à une perte de 281 354 ha en 16 ans dont 122 949 ha sur la période 2000-2006. Les surfaces artificialisées sont plus élevées selon Teruti-Lucas. Elles représentent 7 % de la surface métropolitaine en 1993 et 9,4 % en 2008.

D’après le ministère de l’Environnement, les espaces agricoles et naturels perdent actuellement 236 hectares par jour, ce qui correspond à la superficie d’un département français moyen (610 000 hectares) tous les sept ans. Résultat en deçà de la réalité, puisque le ministère de l’Environnement utilise Corine Land Cover, qui ne considère pas les zones industrielles et commerciales comme du tissu urbain.
land  france 
november 2017 by juliusbeezer
Mcdonald's Real Estate: How They Really Make Their Money - Wall Street Survivor Blog
Franchising is a model by which fast food chains can expand quickly and efficiently by using the money of small investors. Ray Kroc perfected new franchising techniques, increasing the corporation’s size while maintaining strict control of its products. Around this time is when CFO Sonneborn came up with the strategy that McDonald’s continues to use today.

Instead of making money by selling supplies to franchisees or demanding huge royalties…the McDonald’s Corporation became the landlord to its franchisees.

They bought the properties and then leased them out – at large markups. In addition to that regular income, the corporation would take a percentage of each shop’s gross sales.

Today McDonald’s makes its money on real estate through two methods. Its real estate subsidiary will buy and sell hot properties while also collecting rents on each of its franchised locations. McDonald’s restaurants are in over 100 countries and have probably served over 100 billion hamburgers. There are over 36,000 locations worldwide, of which only 15% are owned and operated by the McDonald’s corporation directly. The rest are franchisee-operated.
business  economics  finance  urban  land 
october 2017 by juliusbeezer
Basic income isn’t just a nice idea. It's a birthright | Global Development Professionals Network | The Guardian
Once a fringe idea, basic income is now speeding its way into the public imagination. Finland is running a two-year experiment in basic income. Utrecht in the Netherlands is conducting a trial, too. Y Combinator is trying it out in Oakland in the US. Scotland looks likely to follow suit. And cash transfer programs have already proven to be successful in Namibia, India, and dozens of other developing countries, sparking what some scholars have billed as “a development revolution from the global South”. In Brazil, to cite just one example, cash transfers helped to cut poverty rates in half in less than a single decade.

But the success of basic income – in both the north and south – all depends on how we frame it. Will it be cast as a form of charity by the rich? Or will it be cast as a right for all?

Thomas Paine was among the first to argue that a basic income should be introduced as a kind of compensation for dispossession.
economics  land  LandValueTax 
march 2017 by juliusbeezer
Why Robots Will Never Take Our Jobs (unless we want them to)
Basically, landlords are given a government license to sell access to the location, not just the improvements that they are responsible for. Even vacant land has a price, and clearly that can’t be attributable to the efforts of the landlord. Most of the rental price in urban locations is merely locational value.
They don't ask what their costs were when determining what to charge, they ask what their tenants can afford.
Thus, as productivity rises, so do rents. But the reverse is also true. If workers aren't in as much demand, then rents will begin to decline. This will assist workers in their race to the bottom...

Feeding humans with renewable resources can be cheaper than feeding robots with non-renewable resources...

The assumption that this race to the bottom is inevitable in a market economy is incorrect. Even though living standards are still rising, I don't dispute that we are currently in a race to the bottom in much of the world.
However, certain insights from political economy show us how to make reforms that get us out of this race to the bottom. Most notably, a land value tax.

...want a vision of the future? Imagine a child working in a sweatshop, forever. Unless we consciously choose another path.

Automation is good. It is more or less synonymous with economic progress. Trying to halt automation would be like shooting ourselves in the foot, and would solve nothing. We just need to figure out how to achieve a fairer distribution of wealth, by understanding the fundamental power relationships that were revealed by classical political economists, such as Adam Smith and David Ricardo.

Prime locations are one thing robots can never create more of. We all need land, and to live where jobs are. If we share the rents that accrue from access rights to that which everyone needs, but nobody creates, then real wages can finally rise. At that point it could be financially viable for robots to actually start replacing labor.
work  economics  robotics  land 
march 2017 by juliusbeezer
On the Necessity of Transforming the Fictitious Commodities into Commons (1): Land | P2P Foundation
“When looking at real estate prices it is important to remember that rising house prices reflect rising land values, not buildings. Buildings depreciate as they wear out. Their replacement price may increase due to the normal inflation rate, and their value may be maintained by investments in repair and maintenance, but buildings do not increase in value on their own. By contrast, land values are what are subject to rising real prices.
economics  land 
december 2016 by juliusbeezer
Orion Magazine | No Man's Land
Ownership is different from appropriation. It confers exclusive rights derived from and enforced by the state. These rights do not come from active use or occupancy. Property owners can neglect land for years, waiting for the best time to sell it, even if others would put it to better use. And in the absence of laws protecting landscapes, the holders of legal title can mow down a rainforest or drain a wetland without regard to social and ecological cost. Not all owners are destructive or irresponsible, but the imperative to seek maximum profit is built into the assumptions within private property. Land that costs money must make money.

Champions of capitalism don’t see private property as a social practice with a history but as a universal desire—a nearly physical law—that amounts to the very expression of freedom. The economist Friedrich Hayek called it “the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.” But Hayek never explained how buyers and sellers of real estate spread a blanket of liberty over their tenants. And he never mentioned the fact that the concept, far from being natural law, was created by nation-states—the notion that someone could claim a bit of the planet all to himself is relatively new.

Every social system falls into contradictions, opposing or inconsistent aspects within its assumptions that have no clear resolution. These can be managed or put off, but some of them are serious enough to undermine the entire system. In the case of private property, there are at least two—and they may throw the very essence of capitalism into illegitimacy.
land  law  economics 
march 2016 by juliusbeezer
Two Undeniable Arguments for a Land Value Tax (and Two Weak Ones) | Progress.org
A land value tax would fix a number of significant market inefficiencies and make the whole economy more productive and robust.

Urbanization has played a big role in mankind’s material prosperity. And the whole point in urbanization is bringing people closer together to allow new types of trade, more specialization, as well as the collision and evolution of ideas. As proximity matters, location matters. Owning location is the right to charge others for participating in an economy – and for local public services.
politics  tax  land  finance  economics 
december 2015 by juliusbeezer
Common Rights Vs. Collective Rights
The true opposite of collectivism is not neoconservatism, but classical liberalism. The opposite of collective rights is not private rights purchased from the collective, but of common rights that precede the collective. The answer to attacking property as if it were privilege is not to defend privilege as if it were property, but to clearly distinguish between property and privilege. Most importantly, the answer to Marxist mythology is not to react with an anti-Marxist mythology, but to begin with principles of liberty and follow them wherever they might lead.
land  theory  politics  marxism  liberal  libertarian  social 
october 2015 by juliusbeezer
Land Speculation: the Dog in the Manger
The bigger a role land speculation plays in an economy, the more investment will be skewed toward slow-turnover capital goods. For land to keep rising in value, there must be new construction of buildings and infrastructure — this is what creates the increasing demand for land. As the speculative bubble grows, people borrow more money to buy the more-expensive land, and even more money to build larger buildings (which will keep land values rising). This means that more loans go toward long-term capital, making less credit available for businesses who need it for quick-turnover items, such as inventory.
land  economics 
may 2014 by juliusbeezer
A fair way? Do we prioritise golf or homes? | Shelter blog
There are around 2000 full sized golf courses in England (141 in Surrey alone), with hundreds more smaller courses and driving ranges, according to Colin Wiles on the Inside Housing blog. He calculates that the overall footprint of just the full sized courses is 150,000 hectares or 1.1% of England’s 13.4m hectares.
sport  agriculture  land 
november 2013 by juliusbeezer
What the Steamship and the Landline Can Tell Us About the Decline of the Private Car - Emily Badger - The Atlantic Cities
Like any ubiquitous technology, the car is embedded in a whole social system. In this case, that system includes fuel supply lines, mechanisms for educating and licensing new drivers, companies to insure them, laws to govern how cars are used on common roads and police officers to enforce them. In the academic language of socio-technical transitions theory, all of that stuff is the regime around the car.

“People who are part of that regime get up in the morning, put their shoes on and reproduce that system on a daily basis,” Cohen says. “So that system also has a profound ability to beat back any challenges to it.”

But we can already start to see cracks in the regime. New automobile registrations have plateaued in the U.S, even as the population has continued to grow. Rising gas prices have made some housing patterns predicated on the car unsustainable. Twentysomethings are now less likely to own cars and say they’re less enamored of them... “insurgent niches” challeng[e] the regime. Niches are fragile, they’re underfunded, they’re stigmatized. The car was once an insurgent niche in the age of streetcars. Now in the age of the automobile, we might think of those niches as car-sharing companies or bike advocacy groups.
travel  cycling  land  politics 
march 2013 by juliusbeezer
The effect of private car dependence on land use | As Easy As Riding A Bike
Horsham, where I live, is not a great American city – the subject of Jacobs’ book – or even a city. It is a town with a population of just 55,000 people, and with an approximate radius of only two miles. Yet despite its relatively small size, it has an extraordinary amount of space, and building, dedicated to the temporary storage of motor vehicles.
cycling  economics  land  urban 
september 2012 by juliusbeezer

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