'Build to rent' aka opposite of fair distribution of wealth, returning property ownership to the top 1%, and one of the biggest dangers to growth in the UK. @graingerplc heavily involved despite their role in destruction of property firms by Lloyds BSU... propertyinvestortoday.co.uk/breaking-news/…
Home ownership by individuals generates substantial inheritance annually. Inheritance and wealth that is re-distributed to multiple members of families and invariably generating significant consumption and help to younger family members to own their own property......
'Build to rent' is seeing substantial & ever growing numbers of properties being built by large 'funds', and with Government funding to do it. These funds own the completed properties which will never be available for the public to buy, and receive the lucrative rents from them
It is an ever increasing return to the days of land and property ownership dominated by the landed gentry. Only todays 'gentry' are the vast funds and corporates, aided by lobbyists and law firms like @AGinsight , that exert such influence over Government and policy....
Indeed, a lawyer for Addleshaw Goddard claimed on BBC when built to rent was being pushed that there was a trend towards renting claiming it showed people were choosing to rent rather than buy, and claimed they would be satisfying this public demand.....
Total and utter garbage. The trend was towards renting, but to claim it was due to the public choosing or preferring to rent is either wholly naive or absolutely dishonest. People didn't have a choice after the financial crisis. They couldn't buy, they could only rent.....
The Government swallowed this garbage hook, line and sinker and as a result the % of population owning their own home has dropped alarmingly already and with it has the amount of annual property inheritance and the cast re-distribution of wealth and consumption that brings...
But perhaps most distasteful to me is the involvement and prospering for Grainger PLC. A business that has no right to exist today, and appears to only exist thanks to the RAMP Agreement between it and Lloyds BSU entered into in May 2011. A 'murky' affair to say the least....
Evidence shows substantial buying of Grainger PLC shares in the days prior to the public announcement of the RAMP agreement on 4/5/2011. This extract is from my report on Grainger and uses actual stock market data. Huge buying took the price up over 10% from 1.07 to 1.188.... 
It is clear & evident that vast amounts of Grainger stock was purchased in the days prior to the public announcement. Coincidence? Who was buying and was it because of access to this MNPI (Material Non Public Information)? Which would be 'Insider trading'
Did @TfLAccess conduct any due diligence before tying up with Grainger? Has @graingerplc received any of the Government funding for this ill-conceived concept &, if so, did it conduct due diligence & investigate Grainger's 'partnership' with Lloyds BSU? @andyverity @jameshurley
Did it ask Grainger how it survived the financial crisis? Did it ask Grainger how they can justify the disposal of thousands of properties on behalf of Lloyds at shocking under value & in breach of the specific UMA they had with Lloyds in their RAMP agreement? More to follow....
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