Housing horrors

In France the government has decreed that many more ‘HLM’s (Habitations à Loyer Modéré or Homes at Moderate Rent) must be sold. But, although HLM are the equivalent to our council housing, there is no subsidy for the tenant – only first refusal on the purchase. Unsurprisingly the homes (almost invariably flats) are proving difficult… Read more

The Mauritania option, Prime Minister?

Have rather belatedly, stumbled on an interesting article in ‘Medium’ here. It transpires that Richard Tice, co founder with Arron Banks of Leave EU has apparently said that “WTO rules are what most great countries trade under”. He must know – he’s a property developer. James Hardy, the writer of the Medium article, decided to… Read more

Public and Power-Broker Brexit Tribes and the Mirror of Erised

In Harry Potter the Mirror of Erised shows the viewer what he/she most wants to see, be it  a sui generis bucolic “country of long shadows on county grounds, warm beer, invincible green suburbs, dog lovers and pools fillers” (John Major), “Old maids bicycling to holy communion through the morning mist” (George Orwell), a vibrant… Read more

Weeping for Kensington

The report by the MP for Kensington and former Kensington & Chelsea councillor, Emma Dent Coad, “After Grenfell: Housing and Inequality in Kensington and Chelsea” makes for horrific reading. Is this really Britain’s richest borough? Is this really Britain’s richest borough in 2017? The reasons why Dickensian diseases are reappearing two centuries later is obvious… Read more

‘Non-recourse’ loans

Following comments on modern banking, I’ve discovered an idea with which I was previously unfamiliar ‘Non-recourse loans’. A minority of US states have non-recourse loans, including California and Washington State, so nobody can suggest they are incompatible with Common Law systems or are unworkable or punitive for lenders. A non-recourse loan is where, if you… Read more