PC515 The Great British property Scandal : Ideas and Opinions Blog

CO2 Book vs Electronic books
- this talk is similar when people said that computers would reduce paper use. Clearly we then when thru a long era where they increased paper use, but now we might finally be using less paper. So for electronic books perhaps we will eventually get to a stage when their CO2 footprint is clearly lower than printed

- An example of a question when the answer is not black & white simple, but Full Colour World complex. As there are so many factors to take into account. e.g. would you have bought the tablet anyway, but won't you replace it in 2.5 years, you won't have bought the 300 physical books if you couldn't have downloaded them, but you might have used a library, which needs building & lighting, you might have bought books and shared them many times, but then in the end thrown them away which results in the book turning from a "CO2 sink" to a huge source of CO2. A perhaps easier calculation is a world where people stop buying newspapers & read tablet editions instead. Then you'd have to factor in all the energy used in feedback comments ..cos even this discussion thread has a carbon footprint.

Bank shares : from Cert to bum

The rule of investment is not to try to beat the market cos you always get burnt, but rather be a long term investor and sit tight.

So that is what I always did except in the banks it all got screwed up. The banks wanted more business so they paid staff bonuses when they secured new business. They bought the loan books of other banks like $20bn from General Motors Finance. These loans turned out to be toxic & the stupid media told all the pensioners to take all their savings out of the banks ..so the banks had no liquidity. The people working in the banks could see what was coming & they had millions of bonus money in shares so they sold them all cos they knew the price would drop. We normal shareholders were last to know..even then the experts kept saying "hold onto your shares the banks still have a good business model they will still make good profits in the future" ..yes they were making money now ..except in past years they were mis-selling insurance to people who couldn't benefit and government has made them spend billions compensating these people.. so that's taken the profits away.

- thank god I had a diversified portfolio, but kept out of internet & greenenergy shares. The rule of investment is not to try to beat the market cos you always get burnt, but rather be a long term investor and sit tight.

- So that is what I always did except in the banks it all got screwed up. The banks wanted more business so they paid staff bonuses when they secured new business. They bought the loan books of other banks like $20bn from General Motors Finance. These loans turned out to be toxic & the stupid media told all the pensioners to take all their savings out of the banks ..so the banks had no liquidity. The people working in the banks could see what was coming & they had millions of bonus money in shares so they sold them all cos they knew the price would drop. We normal shareholders were last to know..even then the experts kept saying "hold onto your shares the banks still have a good business model they will still make good profits in the future" ..yes they were making money now ..except in past years they were mis-selling insurance to people who couldn't benefit and government has made them spend billions compensating these people.. so that's taken the profits away.

- thank god I had a diversified portfolio, but kept out of internet & green energy shares.

The Great British property Scandal on Ch4
- I thought I had written this before ..but anyway BBC4 had a the excellent documentary 4 years ago with Mark Riley, which revealed there are 1m empty homes in the UK

- As ever the TV prog makes out things are black and white simple when things are full colour complex - Many things skew the market - Why don't the mention how councils lose government grants if they house people in empty houses as explained in the Guardian 18mnths ago
"For every empty home that is brought back into use the council sees a reduction in its annual central government grant," James Rowlands, policy project manager at Rics explained. "Many councils prefer the security of a guaranteed government grant rather than the less reliable income from the council tax on a refurbished property."

- Why does this prog not mention "Empty Dwellings Management Orders" , the grants upto £25K councils will pay you to renovate an empty home

- Their plan to put that guy in a 2 bedroom flat : They say they will pay for the renovation with the rent, but the rent will come from HB, so government is giving it'self money.

- I am not suggesting we can go back, but if successive governments hadn't tinkered with the market , then supply and demand might function much better. We want both the safety of socialism and the freedom of capitalism, so now in the skewed market the taxpayer ends up paying capitalist prices to support the unfortunate.
- Housing Benefit is great, but if you live on the street the government pays nowt. They house you and then they have to pay HB
- In Russia you'd turn your flat or house into 2 flats for an income, but not in the UK cos you'd lose your HB.
- Got a new partner under capitalism you'd move-in together, in the UK you'd lose some HB.
- HB has fueled the buy- to-let market & pushed up prices
- The prog states the renovation payback will come from the rent i.e. HB unless renters get jobs, so government would be paying itself money.

- Housebuyers are actually subsized by renters they get Mortgage Relief , in problem times - they get benefits even though have a lot of cash tied up in their home .. (equity release ?)
- Abolishment of Rates - now you get a discount if you occupy a house too big for yourself
- Not raising death duties - inheritors would have had to sell houses to pay them before
- Pensioners (can't criticise them) think they have a right to leave a house to their children, so one person spends decades living in a large house, with 2 or 3 bedrooms unused for years, and by the time they have died their children are too busy working to do anythng with it, so the property remains empty for years.
- Problems gov subsidise renovation to house the homeless and
- 1. then owners move the rich in ? or 2. Tenants with issues, trash the place (a major reason why owners prefer to leave houses empty)
- Capitalism doesn't work when owners are rich they often don't understand they lose months of rent cos they can't find tenants cos their expectations are unrealistic.
- Well intended laws mean children of opposite sexes are allowed to share rooms

- We suffer cos of our own over high expectations

My Idea : increase property taxes greatly
- 1 million empty homes in UK : solution increase property tax compensate credit taxpayers with vouchers

- BTW my voucher idea would not subsidize landlords at all they's just get a housetax voucher from their tenants that they'd hand onto the council, otherwise they'd be paying £100/week housetax which could then fund the Renovation Loans Company. The anti-immigration lot would be pleased aswell as only legitimate people would have housetax vouchers

yes Dave Wetzel introduced me to Land Value Tax in 2006 - very interesting idea : an alternative to rates.

1 234 5 6 7 8 9 10

- There are 4 blogs ... travel and then I eventually edit and filter off material into
Current 507Ideas and Opinions Blog, ideas index 2, Irrational World Blog

<-- PREVIOUS PC HOME OPINION BLOG INDEX
note/comments
NEXT -->