The Sage is having a little problem with the issue of supply

Graeme says:
October 7 2017 at 8:33 pm
I have just invested money in a REIT that builds and manages social housing. That’s a good idea isn’t it? I know that your replies to me often look very rude but they help me to learn

Reply
Richard Murphy says:
October 8 2017 at 10:44 am
Is it a good idea?

Not if the property is run solely for your gain and without consideration for the tenants and their needs it may not be

I do not believe that market driven solutions per se are the answer here

I think local authorities and maybe co-ops, but not the now discredited housing associations, are the answer here

I supply because it benefits me, that’s the point. You demand because it benefits you, also the point.

15 thoughts on “The Sage is having a little problem with the issue of supply”

  1. for someone who says taxes are not necessary for government spending he seems remarkably keen to impose yet more taxes or greater taxeson home ownership. He’s not quite at the point of compulsory sequestration of property to share the “wealth” but you know that’s exactly what he really wants. Everything owned by the state and lent to the “deserving”as defined by the great spudotollah.

    As for the prick who says”I know that your replies to me often look very rude but they help me to learn” – it’s about time who learnt that his replies are rude – he holds any views or comments that don’t say “richard you are wonderful” in contempt. I also see that talking about property has rewoken the kraken (CW)

  2. Brilliant by Graeme
    Fooling the excellent moqifen ( who I think has also posted over on the research blog of the man-child of tax ) even for a minute is the work of genius.

  3. I wasn’t sure but given the amount of lickspittles on his site , it’s sometimes hard to distinguish between run of the mill arselicking and subtle pisstaking. I’ve posted before on his site, under a different moniker – he never answers the points made and it’s tiresome to be insulted everytime as a troll etc. He’s banned me before but seems to have forgotten.

  4. Not if the property is run solely for your gain and without consideration for the tenants and their needs

    If you don’t pay any attention to your tenants’ needs than you won’t have any tenants.

    Okay, the housing situation is so bad in some bits of the UK that “four walls and a roof” exceeds some tenants’ expectations but that’s a structural nowhere-near-a-free market problem, not an individual letter issue.

  5. Is it the lack of self-awareness? The inability to perceive mere second order consequences? The buffoonish self-importance of the prose? The disjunct between monstrous self-opinionation and near total ignorance? The preening self-regard?

    All good questions, even if I do say so myself.

    But the better question answers how a nincompoop of such world historic proportions makes a living as such.

  6. Edward Lud

    The fact that he can make a living despite all of your accurate observations is indicative of the stark state as a nation we are in. There should be no money from any public source for such a cretin….

  7. @V_P

    It has been a long time since the Spud has persuaded anyone to give him their own money.

    Unions, charities, now the EU.

    That’s the secret. People easily spend other people’s money. On any old shyte.

  8. @Van_Patten, October 8, 2017 at 7:37 pm

    The fact that he can make a living despite all of your accurate observations is indicative of the stark state as a nation we are in. There should be no money from any public source for such a cretin….

    There should be money from a public source to pay for a one-way ticket to Dignitas for such a cretin – one of payment to save many times more NPV future payments.

  9. I suspect Graeme’s time will soon be over

    Professor, with the greatest respect your latest answer was not very illuminating. The investment trust buys social housing from local authorities and housing associations and manages them for a small fee. Thereby providing funds for the authority or association to build more housing. If they don’t have tenants, they earn no fees so they have a direct interest in keeping tenants happy. I am also puzzled by your distrust of public choice theory when almost every week shows up the Republicans or Conservatives handing out favours to their backers, for example the workers at Rosyth

  10. “Tax havens are amorphous things. Defining them is hard because they come in so many shapes and forms. What can be said is that ALL of them create laws and regulations that are not intended to be for the benefit of their own population but are instead of benefit to people who live elsewhere in the world.” – the spudatollah in march 2017. The whole argument that owner occupiers are somehow enjoying some tax advantage over renters is complete fatuous bollocks. He totally ignores the demand consistently exceeding supply is what has pushed up prices not the complete horseshit of “The reality is tax has created massive housing inequality” of course admitting that demand has consistently exceeded supply may call in to doubt the wisdom of free movement with the consequence of 2 million people from the eu moving here and the import of millions from the third world – perhaps his beloved eu hasn’t been as great as he declares?

    Anyway as he consistently tells us the government doesn’t need taxes to pay for anything so what’s he worried about? Punishment taxes and rises in council tax linked to rises in house prices which he seems to be suggesting suggest a self loathing on a grand scale (he’s an owner occupier) Furthermore after all his bleating about passing on wealth i bet he ensures that the house is passed on to his children when he dies – though i am beginning to suspect that he’ll soon announce he’s found a cure for death due to his genius.

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