Housing, particularly social housing, is a hot topic, a focus of the King’s Speech and a flagship new government policy. Here’s some collateral damage they’ll need to factor in, of the privatise/sub it out/get it off the books culture of recent years. This is an investment fund which has been leasing more than 10,000 beds across 135 local authorities to charities to provide accommodation for homeless people. Surprise, surprise, it’s not a money-earner, the fund can’t pay back the banks which lent the money to buy, build and renovate the properties and regulation arrives too late to save it. They’ll have to find buyers, I would guess, for many a property which few will consider a great investment with their present tenants and, quite likely, in their present state. Capitalism vs poverty? That’s a whole other discussion.
“Trade war: Stock markets rally as Trump rows back on Fed and China threats”
Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce.
