Hundreds of families in temporary accommodation in east London have had their rent reduced by about 60% following a four-year campaign against their corporate social landlord. The London borough of Newham announced this week that “following a series of management issues” 250 properties in the borough, which were leased out by the council to the property management company Mears, would be transferred back into council management. As well as charging social rent, the council will now respond to repair works needed in the homes, which have been used as temporary accommodation to house local homeless households. The residents said the exact rent reduction would depend on each property. Read more on the Guardian website.
The Land Trap by Mike Bird review – ground down
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A masterful introduction to the economics of our most basic asset
‘The landlord is a gentleman who does not earn his wealth … his sole
function, his chie...
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