Fingers

Educated the expensive way, I know my claret from a beaujolais. Views are my own and Prince Philip's

[Fingers @MickeyFingles]

@proptechpioneer If they limited the scheme for apartment units only and specifically excluded single family homes it could actually achieve both its aims without just rewarding plc house builders shareholders and C-suite execs.

[Fingers @MickeyFingles]

@proptechpioneer @OhriDee @moving_charlie @ottaproperty Done 👍

[Fingers @MickeyFingles]

@proptechpioneer @OhriDee @moving_charlie @ottaproperty Ditto please.

[Fingers @MickeyFingles]

@C20Society Isn't the green bit the actual cinema multiplex? (you know the reason you think it's historically important) No cinema was ever housed in the Point Pyramid so you want to demolish the multiplex of historical significance and keep an entertainment venue of no historical value?

[Fingers @MickeyFingles]

@proptechpioneer What does NOB stand for?

[Fingers @MickeyFingles]

@C20Society @livingarchive1 Whats the new evidence? There is nothing in the body of the article that indicates what this new evidence is?

[Fingers @MickeyFingles]

@proptechpioneer Same all over England for towers I would say. Deadlock. Prices have to increase to get developers to build. Or build costs come off (unlikely). Gateway 3 costs also an unknown for most developers (in addition to Gateway 2)

[Left Foot Forward @LeftFootFwd]

The government has demonstrated it is committed to increase housing supply, but the regulator it has inherited from the Tories is actively preventing that from happening, @labourworrall writes.

https://t.co/kOxUdKQRBx

[Jay Parsons @jayparsons]

*UPDATED* (and still true)

When you build "luxury" new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points -- even in the lowest-priced Class C rentals. Here's evidence of that happening right now:

There are 21 U.S. markets where Class C rents are falling at least 4% YoY. What is the common denominator? You guessed it: Supply. Of those, all but one have supply expansion rates ABOVE the U.S. average.

There's no demand issue in any of these 12 markets. They're all among the absorption leaders nationally -- places like Austin, Phoenix, Salt Lake City, Raleigh/Durham, Atlanta, Tampa, Dallas, Charlotte, Orlando, etc. But they all have a lot of new supply.

Simply put: Supply is doing what it's supposed to do when we build A LOT of apartments. It's a process academics call "filtering." New pricey apartments are pulling up higher-income renters out of moderately priced Class B units, which in turn cut rents to lure Class C renters, and on down the line it goes.

Less anyone still in doubt, here's another factoid: Where are Class C rents growing most? You guessed it (I hope!) -- in markets with little new supply. Class C rent growth topped 4% in 22 of the nation's 150 largest metro areas, and nearly all of them have limited new apartment supply.

Most new construction tends to be Class A "luxury" because that's what pencils out due to high cost of everything from land to labor to materials to impact fees to insurance to taxes, etc.

So critics will say: "We don't need more luxury apartments!"

Yes, you do. Because when you build "luxury" apartments at scale, you will put downward pressure on rents at all price points.

Spread the word.

[Noble Francis @NobleFrancis]

Private house building starts in England in 2024 Q1 were 6.8% higher than in 2023 Q4 but unsurprisingly 40.8% lower than a year earlier, according to the latest data from the Department for Levelling Up, Homes & Communities (DLUHC). (1/n)
#ukhousing

[Fingers @MickeyFingles]

@nasirfmusiqi @jamesrbuk @yimbychris @YiannisBab Hi. That is incorrect. The Hammerson proposal had zero homes. It was a Leisure complex only and clearly wasn't economically viable to deliver. Homes are needed in the SouthEast and this is a brownfield town centre site with loads of infrastructure around it. Will get built

[Fingers @MickeyFingles]

@tomhfh @shortthought @JustBuildHomes @yimbyalliance @freddie_poser @PricedOutUK @JonnElledge @Sam_Dumitriu

[Jonathan Goldstein @jonnysgoldstein]

I am in Herzliya in Israel. It's eerily quiet outside although sirens did summon us to the shelter earlier in the evening. Unbelievably and tragically Israeli media now reporting over 250 Israelis murdered. Innocent victims of murderous terrorists.

[Fingers @MickeyFingles]

@estellecostanza

[The ghost of Mughals past🔻🍉🍁 @FridoKala]

Why isn't Adam Britton trending?

He is a 'crocodile expert'.

"His name had previously been suppressed from the public due to the depravity of his crimes, which threatened his right to a fair trial"

https://t.co/2VLH3QQ9Ik

[Fingers @MickeyFingles]

@Jkylebass The Roosevelt Flag

[Rico Woj @shortthought]

Shock horror, inflation makes #construction projects unviable or incredibly costly.....#HS2
I wonder who has been making that point for the past few years, plus identifying that planning delay is inflationary too.....
It only seems to matter when it's a public project! @BBCNews

[Fingers @MickeyFingles]

@shortthought 1000 times this 👆🏻

[Rico Woj @shortthought]

There is no sustained growth without #planningreform. All revered other nations know this, so implemented it years ago. No UK political party is interested. #bbcqt

[Fingers @MickeyFingles]

@DominicFrisby Bollixed