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

‘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

Who’s for Universal Basic Services?

It is encouraging to see innovative proposals for change and the recent report on the Universal Basic Services made for interesting reading. Universal Basic Services are seen as a more economical alternative to the more expensive Universal Basic Income. Firstly I like the originality of the idea – although the first Universal Basic Service was… Read more