Ken Livingstone and economics

Not really meeting here.

Apparently the way to increase the amount of housing available is to artificially reduce the price of it.

Umm, yeah.

7 thoughts on “Ken Livingstone and economics”

  1. But rents are massive and landlords have a freely flowing source of dosh in housing benefit – Yet supply does not rise, so something else must be going on

  2. Weirdly the most sensible thing in certain areas I’ve seen him write in 32 years of almost constant and consistent treason to the United Kingdom, that’s rather like saying I excreted but it wasn’t diarrhoea. It’s still shit at the end of the day.

    Too many fallacies to pick it apart. The halcyon memories of Council House building pre 1979, combined with a veiled sideswipe at Thatcher (note to author – she left power 22 years ago) – who can also forget from that era the number of ‘no go’ areas in London that are now thanks to Thathcer’s ‘Right to buy’ policy are now amongst the most desirable in the country?

    I also like the idea, promulgated by Newt and Red Ed that the primary beneficiary of any house building programme would be the British economy. Are they retraining the hordes of Diversity co-ordinators as bricked, or as expected,relying on a workforce which in London is probably two thirds from the former Eastern bloc?

  3. Too many fallacies to pick it apart. The halcyon memories of Council House building pre 1979, combined with a veiled sideswipe at Thatcher (note to author – she left power 22 years ago) – who can also forget from that era the number of ‘no go’ areas in London that are now thanks to Thathcer’s ‘Right to buy’ policy are now amongst the most desirable in the country?

    Well worth catching the BBC’s Secret History of Our Streets which covers how squatters moved into Arnold Circus which was owned by the council (skip to about 39 minutes).

    http://www.bbc.co.uk/iplayer/episode/b01kvkw6/The_Secret_History_of_Our_Streets_Arnold_Circus/

    The council had thousands of homes sat empty and derelict while there was a huge waiting list.

  4. I seem to remember some quote about rent control being more effective than bombing as a means of destroying a city.

    And Ken is talking out of his a-hole about France. I lived there, I know propery owners there and I nearly became a landlord myself (lucky escape). It is not the utopia he describes at all.

  5. From the article: “If the government tells landlords that it is happy to make up the gap between what a tenant can afford and what landlords want, it is not surprising that rents have soared beyond people’s ability to pay.”

    So cut housing benefit and rents will fall. Simple.

  6. @TA
    The whole point of this episode was that something drastic had to happen to stop laissez faire forcing whole families into one room hovels.The key issue was that it was the first council housing in London although poor people could n’subsequently afford the rents(about 10 bob a week) and they did n’t get bathrooms for their money. The other programmes about later periods still show private renting not providing bathrooms and a lot of over zealous slum clearance and zealous rehousing.But they did try to provide housing in London in those days.Not like now when it is left to the wonders of the market.

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