Josh Ryan-Collins > Quotes

“In New York City and San Francisco, for example, rents increased from about a quarter of median incomes in 2000 to almost half (42% and 46% respectively) by 2016.6 Meanwhile, 51% of renter households in the nation’s nine largest metropolitan areas pay more than 30% of their income – the standard maximum ratio for affordability – on housing.7 Saving for a deposit to buy a home becomes virtually impossible under such conditions.”
― Josh Ryan-Collins, Why Can't You Afford a Home?

“The examples of Singapore, Hong Kong and South Korea show how planning gain and the spillover effects of income and population growth on land values can be partly socialised to benefit the nation, rather than a relatively concentrated class of landowners. In Germany, for example, the planning law freezes the value of the land when the local municipality decides to specify an area for residential construction.1 The uplift in land values then finances infrastructure. A national public land bank, as in Korea, or public or community-owned land banks able to acquire land at existing use values can achieve the same objective. In many respects the UK’s New Town building programme from 1946 to 1970 was also able to do this.”
― Josh Ryan-Collins, Rethinking the Economics of Land and Housing

“This also meant that banks could now access central bank money and cash from the money market rather than being dependent on the central bank itself to access central bank reserves and sterling.”
― Josh Ryan-Collins, Where Does Money Come From?

“There is increasing evidence that modern economies are driven less by the traditional and quite short-term ‘business cycle’ that most economists have focused their attention on (typically a couple of years) and more by a longer-term ‘credit’ or ‘financial’ cycle (between 16 and 18 years) that is mainly driven by land and property values.”
― Josh Ryan-Collins, Why Can't You Afford a Home?