@moving_charlie @artur_esg Obviously he means with lending multiples kept constant.
But even with higher lending multiples rents would decrease
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Darius
34.3K posts
@artur_esg Because of increasing lending multiples making buyers compete with debt.
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No one wants to understand this and I don’t understand why not.
Because it means the solution is easier than building 1.5m homes.
Jay@JibbaJabb
" In 1981 the population was 56.4 mil and in 2024 it was 69.3 mil – a rise of 23% But the number of dwellings grew fast: 21.7 mil in 1981 and 30.7 mil in 2024 – a rise of 41.5% ..a shortage of housing is not the principal cause of the strongly rising price-income ratio "
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@moving_charlie Because it is wrong:
x.com/Darius1296/sta…
Darius@Darius1296
@JibbaJabb @KneidlachJenner You’re using number of dwellings which is NOT new homes built. If a house is converted into flats that increases the number of dwellings but creates no new housing. In certain areas like London population growth has outpaced building.
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@JibbaJabb @KneidlachJenner You’re using number of dwellings which is NOT new homes built. If a house is converted into flats that increases the number of dwellings but creates no new housing.
In certain areas like London population growth has outpaced building.
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@KneidlachJenner Well it doesn't because the rise in the number of dwellings still outstrips the rise in household formations. What's your source for population undercount ?
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" In 1981 the population was 56.4 mil and in 2024 it was 69.3 mil – a rise of 23%
But the number of dwellings grew fast: 21.7 mil in 1981 and 30.7 mil in 2024 – a rise of 41.5%
..a shortage of housing is not the principal cause of the strongly rising price-income ratio "
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@SebMilbank 40% of a £5 pint is tax. I can't image the proportion is dissimilar for a £10 pint. Labour costs is the second biggest factor.
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Most of the £10 pint is labour costs , which is why you can buy a pint for £1 or less at the supermarket...
Harry Eccles@Heccles94
£15 minim wage doesn’t seem so crazy next to a £10 pint does it
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@frahnetic @Bellhookschild @LilKennedy182 It’s because central London is like this. All the good events are outside central London
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@Bellhookschild @LilKennedy182 Nah still a personal problem if all you can find is pop music
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Personally, I've never enjoyed a night out in London it's expensive and the music is bad
🧚🏿♀️@laurai_
Sorry nights out in Manchester are superior to London. There is something off with the vibe down south.
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"But any man of average stature and strength may wander about on foot and alone, at any hour of the day or the night, through the greatest of all cities and its suburbs, along the high roads, and through unfrequented country lanes, and never have so much as the thought of danger thrust upon him, unless he goes out of his way to court it." - A History of Crime in England (1874)
Covidian Interregnum@morbo50
I noticed recently that my co-workers in, wait for it... not London, but *Cambridge*, have started wearing those rubber ropes around their necks tied to their phones. Boiled frogs.
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@trevgoes4th @alexanderrX_ @grok Meanwhile, white working class areas of the country are some of the most disorderly, low trust parts of the country, so it is not that. Ramsgate is nothing like Japan.
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there’s a name for it. californication. the people who backed the policies that hollowed out san francisco moved to austin and miami and started voting for the same things there. the diagnosis never travels with them.
london got the same treatment. the same people now live abroad, or behind the gates of a surrey estate.
vittorio@IterIntellectus
genuinely astonishing how some people can be so smart and yet so stupid paul advocated for the policies that led to this. and he’ll look you in the eyes confused as to why it happened incredible
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@trevgoes4th @alexanderrX_ @grok That’s exactly my point. Comparing rates of other 1st world cities is a RELEVANT comparison, unlike rape rates in Mogadishu which is not.
Not least because Paul Graham is from America which has vastly more crime almost everywhere.
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@Darius1296 @alexanderrX_ @grok Akshually there are far nore rapes in Mogadishu, therefore London is perfectly safe
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@alexanderrX_ @trevgoes4th @grok It’s roughly less than a 1% chance per year. NYC is probably worse, has more crime overall and historically had VASTLY more crime (as do most American cities today). Tokyo is by far one of the safest cities in the world. Dubai is a petro city.
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@Darius1296 @trevgoes4th @grok I don't think other major cities like Tokyo, Dubai, even NYC have anything like the rates we do....
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@alexanderrX_ @trevgoes4th @grok Out of a city of 9 million people, plus millions who commute from outside London and millions of tourists. That sounds small to me
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@trevgoes4th @Darius1296 @grok 196 per day is mad. The fact this just happens and the mayor of London turns a blind eye
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@Nassreddin2002 I never saw anybody eat coucous or rice with their hands here in north africa and think the other countries in NA do the same
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Explain why North Africa and the Middle East don’t fit your argument
They eat with their hands but have even lower diarrheal diseases death rates than Europe
Melian Refugee@escapefrommelos
>there isn’t a single good argument against eating with your hands the humble Diarrheal Diseases Death Rate Map:
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@Nassreddin2002 Iranians eat with a spoon and fork so this map is wrong
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@linmeitalks That’s a lie. These jobs get hundreds of applications; it’s because the hiring managers are Indian themselves and they only hire other Indians
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DEI is not the cause of Indians working in food shops…. I have spoken to many businesses including two subways, as I was curious as to why there are so many Indians who have recently arrived working in this sector and nearly all managers have said minimal English or British people apply for those jobs. They think it’s either beneath them, don’t like the long hours or don’t like the pay.
Young people who would have generally done this type of work either want to be content creators, on benefits or in education in most situations in my experience.
James Harvey@JamesHarvey2503
I mean, what are the chances in an area that is 85% White British, that my local Subway has 5 Indians working and zero white Brits. We need to scrap DEI.
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@zlounds @moving_charlie @alexgroundwater This house would cost 20x as much in Tottenham as Blackpool. Wages in Tottenham aren’t 20x higher.
rightmove.co.uk/properties/172…
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@Darius1296 @moving_charlie @alexgroundwater So what you've proven there is house prices follow wages.
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It’s amazing how many otherwise intelligent people can’t get past “but it’s supply and demand”.
They think they’ve discovered the secret answer to all economics when they discover it.
Ignoring the role of debt, price manipulation, uneven government stimulus and treating home prices like banana prices is the populist, dummy’s view.
And it’s why we have an affordability crisis.
Because if everyone actually understood what’s happening, we wouldn’t have the affordability crisis.
James Worron@JamesWorron
@moving_charlie @rcolvile Congratulations on finding the flux capacity of economics and bending the fabric of supply and demand. Let's hope the Libyans didn't sell you the nuances.
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@AraragiAriyanto @Crossboner2200 @seavortk @msl1896 @FoxfordComics I don’t think it matters; those indigenous people’s culture is dead.
I would add that China also did modern colonialism and is still doing it now to the Uyghurs
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@Crossboner2200 @Darius1296 @seavortk @msl1896 @FoxfordComics cool boats don't equal systemic colonial exploitation. Austronesia didn't have a corporate HQ in taiwan collecting taxes.
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Always hilarious to me that China and India didn't even know this massive continent in their backyard. And then some English dude from the other side of the world just came along and yoinked it.
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The private rental sector has massively expanded since the 1980s but this greater competition has led to rising real-term rents & precarious tenancies. You can argue about how much of that is determined by changes in demand, but boosting supply has not improved life for renters.
Sam Bowman@s8mb
A lot of landlords are neglectful and bad because they don’t face much competition. The solution is to flood the market with new properties. You can impose huge losses on bad landlords and make them work overtime for their tenants with one weird trick!
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@AraragiAriyanto @seavortk @Crossboner2200 @msl1896 @FoxfordComics And British people colonised Australia and North America centuries ago. Same argument applies.
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@Darius1296 @seavortk @Crossboner2200 @msl1896 @FoxfordComics Bro really brought up a 4,000-year-old migration like it happened last Tuesday lmaooo. If 4 millennia of living and building civilizations don't make us indigenous, then Anglo-Saxons in England are basically Airbnb guests. Touch grass
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@seavortk @Crossboner2200 @msl1896 @FoxfordComics Indonesians aren’t even indigenous to Indonesia. They originally came from Taiwan and the indigenous people are closer to indigenous Australians (they still populate Papua New Guinea)
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@Crossboner2200 @msl1896 @FoxfordComics They have the resources to do it, they have the manpower to do it, but they don’t do it because they are not colonisers like the Europeans
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