Stephen Murphy @scmurphy
Building solutions to the housing crisis in England & Wales. Abolish leasehold and implement commonhold London, England Joined March 2009-
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@Simoncitizen The classic home ownership progression, especially in London and other major urban centres, is buy a leasehold flat as a first step on the property ladder, then upgrade to a freehold house as a second step as life demands (marriage, family) require and higher incomes allow
Nobody wants to buy toxic leasehold flats. Those who can afford them are buying second-stepper freehold houses which are selling at a premium
Great article… Terrace houses (a typical second step after first step Flat buyers) were typically 10-20% premium to London Flats, it’s now 50%.
Fact checking isn’t ‘naysaying, bad faith commentary or puritanism’ it’s facing reality
🚨NEW HISTORIC LOW 🚨 Net economic optimism in Britain has fallen to the lowest levels ever recorded since Ipsos began collecting this data in 1978. 78% of Brits expect the economy to get worse over the next 12 months, 12% think it will stay the same, and just 6% think it will
Well said - regulation of managing agents is window dressing that does nothing to resolve the entrenched disenfranchisement of 5mn leaseholders. Only abolishing the freehold-leasehold system will do that
Whilst well intentioned, regulation of managing agents in the form proposed will not do anything to drive up standards. Regulating managing agents without regulating landlords is also going to leave a glaring gap in any system. Agents will still be able to get out of jail free
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Shared Ownership need be scrapped and be investigated by an arbitrator. It’s the biggest property scam there is
Labour are baking in another 40 years - 2 generations - of the freehold-leasehold system in England and Wales - they don’t seem to care about its life changing consequences
Government urged to act on leasehold reform amid mental health fears * 41% of report having suicidal thoughts * 95.6% report intense anger linked to their situation * 89% think about their leasehold situation every single day @EAToday @mhclg @mtpennycook share.google/AjrqRmtRCrz1v8…
The data doesn’t lie - Labour’s ‘1.5mn new homes in this parliament’ promise is in tatters and impossible to deliver That’s not ‘naysaying’ it’s fact checking
London faces loss of 42,000 homes from development pipeline localgov.co.uk/London-faces-l…
Labour should amend their campaigning slogan to: ShortChange “We’ll abolish leasehold in our first 100 days” now it’s in 40 years Throwing reforms under the bus today for “a vision” of change tomorrow to keep freeholders happy 5mn leaseholders pay for every day of delay
Labour is changing the country but people aren’t feeling it yet. We will keep working hard until they do.
Are there any good housing associations? Any at all that deliver housing services to a standard their customers naturally expect and pay for?
Following our expose on the mass eviction of 69 vulnerable social tenants in Islington North, Local MP @jeremycorbyn responds
New build homes numbers continue to collapse. Labour housing policy is a not fit for purpose fantasy
CityAm: The number of build-to-rent homes under construction has fallen for the ninth consecutive quarter… cityam.com/entirely-avoid…
Labour’s mid-term performance report on housing - Pass or Fail?
There's only one party currently in power so you're also; Missing your own housing targets Dragging your feet on leasehold reform Failing to deal with cladding problems Not building new social housing Not being bold enough on infrastructure required. Thank you for your attention.
Why does Labour never call out the freeholder lobby - who are actively undermining the sovereignty of Parliament and the King - as “naysayers, purists and bad faith commentators”?
NEWS: FREEHOLDER LOBBY LAWFARE AGAINST 2024 ACT SET TO CONTINUE AS COURT OF APPEAL GIVES GREEN LIGHT 📢 Reports today from industry sources on LinkedIn suggest that the freeholder lobby has been granted permission by the Court of Appeal to proceed with an appeal relating to its
Labour should immediately revise down their new homes target to what is deliverable. Persisting with a 1.5mn target is misleading the public it’s achievable. It may as well be a billion new homes
A useful bit of recent information from housing expert Neal Hudson in his FT piece on issues facing housing: "even the government’s own modelling for the Future Homes Standard shows it will miss its 1.5 million housebuilding target by 400,000". #ukhousing #ukconstruction
Result
The first of the ground rent investors to be arrested on suspicion of blackmail and fraud. The leaseholders in Sheffield and Bolton will be happy. Congratulations to the Sheffield leaseholders for helping gather the evidence. @LKPleasehold @NLC_2019
What self-harm at nation scale looks like
Share prices of UK major housebuilders and developers (Berkeley) are in decline principally due to major structural issues in the English housing market. Developers will not build if they cannot sell, if they don't build ultimately it has an impact on profits.
Shared ownership should be phased out and replaced
🏡 Shared ownership is the main type of publicly subsidised house building under the Conservatives. But the scheme is “desperately failing” according to a recent report by a cross-parliamentary group of MPs, as residents face soaring costs 👇
@proptechpioneer Amazing how politicians never take credit for rates going up
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