“The average worker would earn more than double their current salary if wages had increased as fast as house prices since 1997, a report reveals today. The research highlights the impact of the combination of huge house price rises but minimal, or non-existent, pay rises. Shortages in affordable housing have led to 4.1 million of adults abandoning the dream of having the keys to their own property, according to a new survey – with 1.8 million of these aged 25 to 44.”
Michael Hudson sits down with an Irish podcast to talk about Ireland’s economic crisis. He says:
“Just read Henry George on The Land Question and you’ll get everything you need to know…”
(Listen in around 4:00 minutes)
Chuck Marohn of Strong Towns has come out with another video emphasizing the importance of making good use of space. In this video, he uses the neologism “stroad”.
“The STROAD design — a street/road hybrid — is the futon of transportation alternatives. Where a futon is a piece of furniture that serves both as an uncomfortable couch and an uncomfortable bed, a STROAD moves cars at speeds too slow to get around efficiently but too fast to support productive private sector investment. The result is an expensive highway and a declining tax base.”
According to a new report from Australia, homeowners there receive “$36 billion [AUD] a year in subsidies, landlords about $7 billion and renters less than $3 billion.”
The stratification between wealthy and poor property owners is steep as well. High income owners receive $8,000 per year on average, but low-income owners don’t receive much more than $2,000.
“The report found the skewing of support to ownership, rather than renting, forced people to live further away from the centre of cities than they would like and made it hard for them to move because they face stamp duties.”
Read more: http://bit.ly/1gZ0yQG
View the link below for a comprehensive info-graphic describing the effects of levying fees on car traffic.
“After this summer’s massive protests against spending choices by the once-popular government, Brazilian President Dilma Rousseff has passed a law that will reserve all of Brazil’s oil royalties for healthcare and education.”
“I decided to be pro-active and head to the Property Investor Show at London’s Excel Centre. As the name suggests, it’s a show for property investors, where they all congregate in a big hall and explain the benefits of letting out poky, one-bed flats in Croydon to weird povvos who can’t get on the housing ladder.
I wanted to get a better insight into why property is so pricey that our city centres are becoming playgrounds for [rich landowners] while the poor are taking up arms and setting up burning barricades to stop bailiffs kicking them out of their homes…
Institute for Public Public Policy Research, for every pound it spends on building houses, the government is spending £19 on subsidising rent. So things are seemingly still geared towards propping up landlords rather than making sure there are enough homes.”
“In New York City, $10 can get you four subway rides, three slices of pizza, five cups of coffee, or lunch for a day or two. There’s no way, however, that it can get you a home in Manhattan, where the average cost of renting an apartment is $3,418 a month. Or can it?”
Click here to read more.
“Wherever you stand on the political spectrum, you probably have enough common sense and moral fortitude to not go out of your way to kick a homeless person when you see one on the street. If so, pat yourself on the back, because there are some American legislators who are using every tool in their toolbox to make “poverty” the new “murder.”
Read more here.
Why have you never heard of Henry George?
By Steve Muratore
Okay, maybe you have heard of him, but until very recently, I had not. Not while earning my bachelor’s degree in business administration (major in accounting) from Arizona State. Not from labor leaders, though I was a member of the United Telegraph Workers in the 1970s; nor from AFSCME, though I was a member in the 1990s.