Discover and read the best of Twitter Threads about #HousingFinancialisation
Most recents (2)
“Some don’t work. It’s very important to find out at an early stage which ones they are.” This was particularly the case where “someone overpaid for the land & think(s) they can get that money back from the council”
Let’s see what this means:
1/
Let’s see what this means:
1/
The #BuildToRent policy introduced by @MurphyEoghan & the SHD policy introduced by @simoncoveney didn’t “encourage developers to build more homes” they set up a framework where 1. more bad units could fit in any site & 2. 100+ unit schemes could skip normal planning processes.
2/
2/
This became a feeding frenzy. Developers and investment funds purchased large land banks in prime urban locations as the potential of fitting a lot of tiny rental units close to well served locations (big rents) meant land values went up up up.
It’s not rocket science.
3/
It’s not rocket science.
3/
This is the floor plan of a studio apartment, the entrance is at the bottom of the image and the only actual window is at the top. The unit is about 37sqm which is the absolute minimum that is legally permissible for this type of unit.
1/
1/
Let’s go through the plan, 1st stop the entrance area: Upon opening the door there’s a bit of wall to the right & a door to access the bathroom, there’s just about enough space between the door and what seems to be the wash / dry area to leave your shoes, wet coat? Good luck. 2/
Walk into the bed space (not a bedroom as there’s no door separating you from the entrance nor the main living space). The space in front of your bed is basically a corridor with a wardrobe & utility (washer/dryer by your bed?) no space for much else. 3/
