In the capital, about half of households rent. The other half own.
At present, the official of national statistics’ monthly house price data are a cause of mixed emotions; there needs to be a psychological term for renters’ remorse.
The chart below marks a moment in the history of English housing:
At least since Michael Goldfarb’s incendiary op-ed in the New York Times, there has been discussion about a “great exodus” from London. This chart shows that there is nothing new in recent history about net internal emigration from the capital; young people come for work and to find love, and they leave – if everything goes to plan – with a job, a mortgage adviser, and a partner. Read more
Urban planning in the later 19th and 20th centuries could be considered a story of two utopias. The first was the garden city movement, which was opposed to urban sprawl, sceptical of central government, fond of local democracy and encouraging of private capital. The second was the modernism of some post-war planners, which favoured large and often tall estates in the heart of cities, or New Towns just outside, both funded by central government. This is a crude distinction but a genuine one, and its story is told well by David Kynaston in Austerity Britain, among other books. In general, conservatives are more likely to become misty-eyed about tales of Letchworth and Weleyn Garden Cities, while those on the left extol the virtues of new towns such as Milton Keynes. Read more
David Cameron announced the figures in the Sun, which shows a picture of him next to a snap of Margaret Thatcher promoting her Right to Buy scheme. It should not take too long to figure out the prime minister’s preferred interpretation of the first figures relating to the mortgage guarantee scheme: the only bubble Help to Buy is inflating is one of happiness in the hearts of ordinary people. Read more
|About this blog||About John||Blog guide|