Nèdeem Elmahjoub's blog

London's emptying towers

UK housing Crisis? Well, imagine  what would have happened  if we let those refugees and migrants who drowned in the sea in our tiny country. Unaffordable? Why cannot you work more and harder? Few new houses being built? Why should developers build affordable houses and banks give you a mortgage if there is no profit to make? Where is the incentive? How is our economy supposed to grow?  Jack lives in a cupboard and says that  some people "might find sleeping in such a small space would make them feel claustrophobic but Jack insists he doesn’t mind it." That's the great British patriotic attitude and spirit we need, espcially in times like these (Brexit, etc).  Inside the housing crisis

England "Shandor, 48, became homeless after falling behind on his rent following an accident at work." 48 years old and doesn't own a home! What has he been doing in his life? Why didn't he get a university degree and a good job? Why hasn't worked hard, not taking two jobs, not riding a bike looking for a third one, or, at least, why hasn't he managed to take a mortgage and work for a bank for 20/30 years? What is the difference between him and those refugees who come to our country for our milk and honey and our "generous benefits system", and make it unsustainable, dragging productivity down? He should be banished to Libya or Russia and his boy taken into custody!  England needs three million new social homes, a report says What about the developers, speculators, and the house prices? Three millions homes means a fall in the house prices, and a house after all, is not built to live in, but a place to make profits from, attract oligarchies,...

Britain "A new political climate, perhaps less fearful of nationalisation and more suspicious of the notion that the private sector does everything better, may sow the seeds of change." A clever conclusion: one of the mouthpieces of the system is quite aware that some sort of a change is required/has to come to avoid a bigger crisis/to save the system from any potential threat. Thus even conservative governments, "neoliberals", might resort to "nationalisation" of some sectors of the economy.  How Thatcherism laid the foundations of the housing crisis A book review