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You& #39;ve got to ask yourself...how does this happen?
Like, beyond the whole developers are evil and just want the money.
*Actually* how does this happen?
THREAD https://twitter.com/InvisibleMapper/status/1301093605365485568">https://twitter.com/Invisible...
Like, beyond the whole developers are evil and just want the money.
*Actually* how does this happen?
THREAD https://twitter.com/InvisibleMapper/status/1301093605365485568">https://twitter.com/Invisible...
It starts with the false idea that developers hold all the risk for houses not getting built (
https://abs.twimg.com/emoji/v2/... draggable="false" alt="😔" title="Nachdenkliches Gesicht" aria-label="Emoji: Nachdenkliches Gesicht">), or never being able to sell (https://abs.twimg.com/emoji/v2/... draggable="false" alt="😂" title="Gesicht mit Freudentränen" aria-label="Emoji: Gesicht mit Freudentränen">), or that the process is too complicated and houses quickly go over budget (https://abs.twimg.com/emoji/v2/... draggable="false" alt="😬" title="Grimasse schneidendes Gesicht" aria-label="Emoji: Grimasse schneidendes Gesicht">)
In other words, to get anything done, they& #39;re the only option.
In other words, to get anything done, they& #39;re the only option.
So feasibility reports are made with an inbuilt assumption of around 20-25% profit on cost, for each & #39;house& #39; – for holding that risk – no questions asked.
This is the real non-negotiable. The & #39;cost of doing business& #39;
This is the real non-negotiable. The & #39;cost of doing business& #39;
Those same reports then frame everything around the house:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Geld mit Flügeln" aria-label="Emoji: Geld mit Flügeln"> That they& #39;ll cost more to make than we think
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Geld mit Flügeln" aria-label="Emoji: Geld mit Flügeln"> They wont sell for as much as we hope
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Geld mit Flügeln" aria-label="Emoji: Geld mit Flügeln"> Oh and you wanted & #39;affordable& #39; homes? Well that means we& #39;ll have to sell some others for A LOT more to pay for those...
Thing is, there isnt much money to be made in actually selling the same old houses. Try selling a brick for 25% more than you bought it for 5 years ago
The real money is in the land and keeping demand high enough so you make fat stackshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> off a studio flat on the 9th floor
The real money is in the land and keeping demand high enough so you make fat stacks
The actual houses cost more or less the same to make – regardless of whether they& #39;re & #39;market rate& #39;, "affordable" (80% of market), actually affordable, or socially rented.
Especially when your business model is to build as fast and cheaply as possible - coz it& #39;s risky remember.
Especially when your business model is to build as fast and cheaply as possible - coz it& #39;s risky remember.
As @AlastairParvin& #39;s always saying – asking (or even forcing) developers to provide genuinely affordable housing is like giving a burglar the keys to your house and asking them to cut you in on the profit once they& #39;ve sold everything your own.
So when we accept that developers hold that risk, what do(n& #39;t) we get in return?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💷" title="Banknote mit Pfund-Zeichen" aria-label="Emoji: Banknote mit Pfund-Zeichen"> Genuinely affordable houses – https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤸♀️" title="Woman cartwheeling" aria-label="Emoji: Woman cartwheeling"> Spacious, adaptable homes – https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌳" title="Laubbaum" aria-label="Emoji: Laubbaum"> Waking distance to work/school/etc. – https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏡" title="Haus mit Garten" aria-label="Emoji: Haus mit Garten"> Zero carbon neighbourhoods – https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">
The answer: a lot of bloody *risk*
The answer: a lot of bloody *risk*
We need a new urban development model.
The one we& #39;ve got right now is like a bad boyfriend – a lot of promises upfront, renegs on everything, then asks you to pay for dinner.
We need to break up with this loser.
The one we& #39;ve got right now is like a bad boyfriend – a lot of promises upfront, renegs on everything, then asks you to pay for dinner.
We need to break up with this loser.
We need a model that takes us back to how housing was meant to work, how it used to work. In a way that& #39;s designed to create a platform on which society can
This means nurturing a whole new middle market of non-profit, community-focused development organisations.
This means nurturing a whole new middle market of non-profit, community-focused development organisations.
These could be anyone with an interest in making great neighbourhood happen, but ideally as close as possible to the people who& #39;ll end up living there:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌱" title="Setzling" aria-label="Emoji: Setzling"> Neighbourhood housing groups
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌍" title="Europa-Afrika auf dem Globus" aria-label="Emoji: Europa-Afrika auf dem Globus"> Local climate activists
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏘" title="Häuser" aria-label="Emoji: Häuser"> Architects & designers
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏛" title="Gebäude im Klassischen Stil" aria-label="Emoji: Gebäude im Klassischen Stil"> Housing associations & local authorities
And we could support that by:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💷" title="Banknote mit Pfund-Zeichen" aria-label="Emoji: Banknote mit Pfund-Zeichen"> Fixing land costs to cut out the bidding war, so people can build genuinely affordable, high quality homes – https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">
Like thishttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://www.opensystemslab.io/affordableland ">https://www.opensystemslab.io/affordabl...
Like this
Like this
Like this
This is something we& #39;re working @DarkMatter_Labs with @OpenSystemsLab @00ecosystem and many more.
