They mostly saw the mortagee hand back the keys because the US non recourse system means that there is no penalty for doing that, particularly when you can borrow more than the place cost you and so you don't even lose the early repayments.
They haven't reduced it enough.
Is it actually affordable in those dead coal mine villages in Britain ?
Why is churn a good thing?
That's not my experience in terms of delays in having remedial work done etc,
Well, in the hotspots where the jobs and hence most of the population are. I am still surprised by how little home working many businesses push. I introduced it at one company I worked for, and it's a massive benefit for both the company, and the employees, and it avoids you being limited to just the skillset inside a small ring around you, and avoids all the wasted travel time/expense/stress. People can then live in the less occupied areas of the country and have decent jobs when there aren't any just up the road.
Another option would be to make other areas where there's an excess of housing attractive, but they generally start out with the excess housing itself being deeply unattractive, and there's a limit to how much you can polish a turd.
There's been one recently - small developments don't need to pay local authority Section 108 charges. Reading Borough Council are challenging this in the courts. I had not realised that S.108 charges often amount to 20% of the purchase price of a new home nowadays, which makes me think councils are treating it as a cash cow, since I don't see anything like that amount being ploughed back in to schools, new/upgraded roads, etc, which is what it was supposed to be for. (OTOH, I can't see developers knocking 20% off the price even if it vanished, so it may be better that it goes to the councils rather than excessive profits.)
There was a self-build scheme near my parents in the early 1950's. It's a row of semi-detached houses, all basically the same and built to the same design, but they were all built by the original owners in a skill-share partnership. You wouldn't know to look at them because they all outwardly match, but I believe they could change some of the inside layout to match their own requirements.
Many managers are of an age where they don't believe people are working unless they can be seen to be at their desks with their heads down.
Central government has noticed and is clawing at the S.106 (or is S.108 something different?) money to provide first time buyer discounts ...
It's going to need some government intervention because most companies are not as enlightened as yours.
cf:
Imperial College - my dept there hated working at home and would only allow it very occasionally "in case it set a precedent".
Kings College London (well my dept) are totally happy with long standing arrangements (I work at home Tue and Thu with the odd swap). It's possible it is because I used to work for scientific depts and I've noticed they tend to be very uptight and traditional. My dept basically explores and does webification of things connected with the arts, which means whilst we are a technical dept, we carry the mindset of arts and humanities academics which is very much more flexible.
The age appears to be "mesozoic" like so much of british management.
I have explained all this to my kids and told them they *are* doing German GCSE - because that along with the EU will given them the chance to move somewhere more enlightened. I'll probably move when I retire too. Bavaria seems nice and is on the top of my list. I like Switzerland but they are not in the EU and whilst generally nice to tourists, they don't welcome outsiders so easily.
I had a previous manager state that he didn't like managing techies because what he really liked was someone standing at a bench making widgets, so that you can count the widgets at the end of the day. Mind you, this is a man (in his 50's) who has a Computer Science degree and knows precisely f*ck all about computer science.
Only in some states is there a non recourse system. In the other states bankruptcy is the common option. The result is the same, the market corrects.
Yes, but they don't have enough people with the ability to start up the new businesses that are required to keep the villages alive. The educated villagers have a tendency to leave. You could see the effect in South Wales during the 50/60s.
That's the sort of thing I had in mind, but you're just looking at the extreme bottom end of the market. Balancing the national economy across the regions would make a big difference. There *is* a way to make housing affordable other than building more of it.
Too many British managers know f*ck all about management as well. They (fail to) pick it up as they go along.
Yep. This guy is an administrator, not a manager.
Yes heard that from a couple of them who,
"can't be doing with this working from home malarkey"
Yess .. but isn't that what we're good at;?...
Well, there are some reasons to support this view:
1) I want a strict division between home and work 2) If I choose where I live carefully, the commute can be a pleasure, not a chore 3) I have an office at home with a computer where I do family-related matter - tax, emails, etc. Do I want to be doing my paid-for work in that room? No - see (1) above. Is work going to finance my having another room to support doing the paid-for work? Unlikely - why should they when I've got an office at the office. 4) At times my work involved lots of phone calls, many of which were overseas. Hows that going to work in terms of refunds, partitioning the cost of the phone and any office costs from (3). They gonna pay for me to have a tax adviser so I can get income tax / council tax reduced because of all this? 5) I enjoy the socialising that goes with working with a group of people at work. If you work at CERN or similar and go to lunch with the boss, you may end up having coffee with a Nobel prize winner and enjoying earwigging the resulting conversation.
That's UK academia I expect. Working at CERN and SLAC I found that they expected you to work to the job and not the clock.
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