Why you can't buy a house | Kristen Ghodsee, Anna Minton, Liam Halligan, Tom Copley

Liam Halligan, Kristen Ghodsee, Anna Minton, and Tom Copley discuss how we can defeat the housing crisis.
Can we just build more homes, or do we need a more fundamental restructuring?
Watch the full debate, 'Homes and Hierarchy', at iai.tv/video/homes-and-hierar...
Homes provide the fabric of a society, a core stability around which society can function. But for decades a housing crisis has been looming. And some claim it is now upon us. Across the world, the young spend an ever greater proportion of their income on housing. Half of all Europeans have some form of home insecurity, while a billion people worldwide lack access to secure housing, threatening lives and risking civil unrest.
#housing #homeownership #inheritance
Kristen Ghodsee is an award-winning author and firebrand ethnographer. Tom Copley is Sadiq Khan’s right-hand man the Deputy Mayor of London for Housing. Dr Anna Minton is an investigative journalist, policy researcher and author specialising in the London housing crisis. Liam Halligan is an award-winning economist, journalist, broadcaster and author. The host, Mary Ann Sieghart, is an English author, journalist, radio presenter and former assistant editor of The Times.
00:00 Introduction
00:10 Should we end inheritance?
01:50 The US voucher system
03:17 Universal inheritance pros and cons
05:10 Why do we build so few houses?
06:18 The state should use its own land
07:23 New Labour and housing associations
07:48 The housing crisis in London
08:42 Land value and contrived scarcity
09:50 Building council homes
10:30 How to use public land
11:30 How the system perpetuates itself
12:40 Homeownership and social mobility
14:20 Demographic crisis
15:50 Homeownership under communism
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[@TheInstituteOfArtAndIdeas]

Can we build our way out of the crisis, or do we have to put an end to land value speculation? To watch the full talk, head to iai.tv/video/homes-and-hierarchy?KZbin&

[@sameerayyagari]

Just the fact that a full debate by wonderful experts on a very important topic that concerns basic human rights requires a paid subscription to watch, that knowledge is chocked by capitalism, shows that we're doomed.

[@that_heretic]

So I know a bit about US military housing, it's not awesome, and it's usually paid for by the government, but run and operated by private contractors. It's a bit of a cluster to be honest. There's also a ton of deferred maintenance and other similar problems. I wouldn't recommend cloning that system. The problem in the US at least, is a fundamental lack of competence in both the private and public sectors. But especially in the "private-public partnership" sector. I can't speak as authoritatively about Britain, but I bet it's a similar story. The system is designed to move the maximum amount of money from the tax payer to private sector hands for as little as the private sector can possibly provide to extract it. And that's exactly what it delivers as a result. Everything else is noise.

[@paultaylor7947]

My leaning on the wall

[@SK-hv3zn]

Inhabitance is a right.

[@SK-hv3zn]

It cannot be abolished.

[@acchaladka]

Either killing home speculation or killing inheritance seems the conclusion, and i vote to raise the inheritance tax to near 100%. Boosts class mobility, social cohesion, entrepreneurs etx

[@mkkrupp2462]

The problem is the growing size of the population and especially the high level of IMMIGRATION. There’s a concept in biology called carrying capacity. It also encompasses humans and their requirements.

[@CHIEF_420]

🌎 = 🙈

[@spindoctor6385]

Banning inheritence is such a silly way of looking at everything, not just the so called housing crisis. Apart from being unworkable unless you want a total communist society it wouldn't help anything. It would not get anyone a house who didn't have one, it would just stop a lot of other people from owning one. I guess that would somehow satisfy the most horrible, jealous people in society.