Claus Vistesen @ClausVistesen Twitter profile

Last Seen Profiles

@nyarotte

@Rei835384329679

@yrn1ck

@kitta_hime

@Alinalogy

@CRYCOINOFFICIAL

@CoachTyRock

@SteelStdaddylin

@_CaribbeanJawn

@ian_matveev

@lu8460918329125

@BruceLish

@UnderDogC6

@n1ghthills

@PInK_fiveee

@RWebertex

@LoudThud

@frank_kenn85

@GERSONCORREAMOR

@UmerSat56887672

@JohnsonCaleb100

@LLEJR5

@xratedliah

@geode_sdk

@DigDeepMike

@C52880908

@_titiiia_

@AlpsIt

@vada_flo

@rajatsonifnance

@rolandpew1230

@YoMomma95512915

@Clarievia

@gignico

@MrsKPersaud

@RolandKenway

Claus Vistesen

@ClausVistesen

6 years

@dotski_w The Z is a nice touch; bold, but nice.

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Claus Vistesen

@ClausVistesen

2 years

The lowest hanging fruit at this point surely has to be for Germany to flick the switch back on at those three nuclear power plants, and to postpone the decommission of the three others at the end of 2022.

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Claus Vistesen

@ClausVistesen

9 months

@RussianEmbassy @mfa_russia @Telegraph @guardian @FT @Daily_Express @TheEconomist @spectator @DailyMailUK @TheSun @SkyNews Don't think this is going to have the effect you think it will ...

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Claus Vistesen

@ClausVistesen

2 years

Going to an Indian wedding today…my own as it happens. Wish me luck.

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Claus Vistesen

@ClausVistesen

7 years

Catalonia is betting that Madrid will come in hard, and that this will drum up international support. 1) They will, 2) it won't.

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Claus Vistesen

@ClausVistesen

4 years

Economists trying to console epidemiologists and pollsters

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Claus Vistesen

@ClausVistesen

4 years

I don't know what's most amazing; that @BretWeinstein has been right about Biden all along, or that the rest of the world is now seamlessly adopting his position as if it was the most natural thing in the world. Everything and anything to get Trump out indeed.

Financial Times

@FinancialTimes

4 years

Opinion: Kamala Harris is in line to be as much co-president as vice-president of the US. In her, Joe Biden has hired not just a running mate but an executive burden-sharer and a viable stand-in

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Claus Vistesen

@ClausVistesen

2 years

Bailey, himself on £500K a year, overseeing a hike into one of the most brutal drops in real incomes in recent memory—due to higher energy costs and tighter fiscal policy—telling the UK people, with an avg salary of 26K, to go easy on the wage demands. I mean ... LOL.

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Claus Vistesen

@ClausVistesen

7 years

When the head-programmer of the Matrix is hungover, and can't be arsed.

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Claus Vistesen

@ClausVistesen

3 years

The @Conservatives gvt has today, with the passing of the #firesafteybill , opened Pandora’s Box on the U.K. property market and economy. This is a move that will go down as one of the most spectacular political and economic own goals in this country’s modern history, #timestamp

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Claus Vistesen

@ClausVistesen

2 years

100bp is the new 50bp

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Claus Vistesen

@ClausVistesen

2 years

This can't be real ... please don't tell me that they're putting a number on this?! cc @FerroTV

PiQ

@PiQSuite

2 years

⚠️ ECB'S VISCO SAYS TODAY A SPREAD OF LESS THAN 150 BPS WOULD BE JUSTIFIED ECB'S VISCO SAYS A SPREAD OF OVER 200 BPS WOULD BE UNJUSTIFIED ~ There's your ECB bid/ask spread

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Claus Vistesen

@ClausVistesen

4 years

@lisaabramowicz1 It's both, that's why it's tricky. The immediate hit will be disinflationary/deflationary, but make no mistake, the move towards dismantling globalization (shrinking the supply side) coupled with un-encumbered demand-side fiscal stimulus is inflationary/stagflationary.

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Claus Vistesen

@ClausVistesen

7 years

Let's be clear, the top troll would be for the U.K. to win the #Eurovision2017 tonight, so that it has to host/finance it in 2018.

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Claus Vistesen

@ClausVistesen

2 years

Let's summarise the UK then; mon pol tightening, fiscal covid support is gone, Brexit is still simmering, a new virus wave incoming, tax hikes in 2022, and real incomes are now falling due to high inflation. Good luck!

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Claus Vistesen

@ClausVistesen

8 days

@litcapital Don't be so hard on them.

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Claus Vistesen

@ClausVistesen

1 year

I genuinely thought/believed the ECB could achieve a softish landing, and that the data would offer it to them. Now, however, real M1 (best leading indicator) is plunging to new depths, while the ECB is getting more hawkish, focusing on unit labour costs (most long-lagging…

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Claus Vistesen

@ClausVistesen

4 years

You want a V? I'll give you one then ... cue laughter and jeers from the peanut gallery about the usual wild revisions in these data, but it's a V, and a fairly strong one too.

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Claus Vistesen

@ClausVistesen

11 months

@Blue_Footy "by all means" and "won't accept less than €100m" don't go well together I think.

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Claus Vistesen

@ClausVistesen

3 years

@EricRWeinstein Walk me through this Eric; to me it is 1) a derivative of loose economic policies 2) energy inefficient, 3) 99% of people who peddle in it care most about its value in dollars, not the services and goods that can be exchanged for it. Blockchains are cool, but for currencies?

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Claus Vistesen

@ClausVistesen

1 year

Well done to @LiamSpender ! Congrats to him and the residents in St. David's Square. And a cautionary tale ... if you don't have a litigation lawyer in your building, with annual leave to spare, ... you're stuffed! ;).

Ripped Off By Redrow

@RedrowRipOff

1 year

@sebastianokelly @LiamSpender @Fox_Claire @michaelgove Outstanding public service @LiamSpender such integrity & character. Speaking truth to power. Many congratulations to you. A role model for us all and a refreshing antidote to the toxic world of leasehold and all its trappings and unsightly players @CommonholdNow @LKPleasehold

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Claus Vistesen

@ClausVistesen

1 year

This is an embarrassing crisis for this country. Yesterday, a leaseholder said here that she is feeling suicidal. We can believe that these people are unlucky, anti-fragile or "didn't read the contract", or we can rectify what should have been rectified a long time ago. cc: @luhc

Harry Scoffin

@HarryScoffin

1 year

Our housing crisis is making us sick. The problems associated with newbuilds and leaseholds have been known to successive govts for years. I hope I'm wrong but I fear 10 million leasehold and fleecehold householders are being set-up for an almighty betrayal in the King's Speech.

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Claus Vistesen

@ClausVistesen

8 years

I know what the solution to all this "fake news" is ... a "Truth Ministry" Why hasn't anyone thought about that?

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Claus Vistesen

@ClausVistesen

1 year

If you live in a house, and it needs repairs, you will in all but a few instances be able to control/prioritise the work. If you live in a flat, the "owner" of the building can send you an S20 for £240K, and take your home away if you don't pay. Nuts! 1/2

Owners of Centre Point flats tell of distress at £240,000 repair bills

A dispute between leaseholders and freeholder Almacantar over a £7m project for a building’s facade is before a tribunal

www.theguardian.com

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Claus Vistesen

@ClausVistesen

1 year

Flats are great; leasehold flats no so great. Anyone who doesn't understand this, and how it currently permeates everything in UK housing related to the demand for housing, housing tenure and overall consumer preferences haven't, in my view, understood anything.

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Claus Vistesen

@ClausVistesen

3 years

This is groundbreaking and life-changing work. Thanks to @SMcPartland et al. for delivering this. There is really no excuse now @michaelgove and @team_greenhalgh for not grasping the nettle and change course. Good Luck!

The Rt Hon Stephen McPartland

@SMcPartland

3 years

They are here. Read the McPartlandSmith amendments to Report Stage of the Building Safety Bill. They protect leaseholders from remediation costs, Zero VAT, new Insurance scheme & much more. #BuildingSafetyCrisis @ukcag @EOCS_Official @Royston_Smith

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Claus Vistesen

@ClausVistesen

18 days

Leasehold bill passed! Well played team! @FreeLeasehlders @HarryScoffin @MDC12345678 @joedouglas90 et al. Thanks to all policymakers, politicians and civil servants who undoubtedly went the extra mile today to get this through in wash-up. 1/2

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Claus Vistesen

@ClausVistesen

2 years

@RKemb @t0nyyates @adam_tooze @AndrewSudmant The idea that Germany, as a western economy, somehow uniquely sold its soul to the devil by buying abundant energy from a country with questionable (geo)political credentials/motives is peak It is all Germany's Fault™.

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Claus Vistesen

@ClausVistesen

3 years

Cc @michaelgove … this is on you now sir. You probably didn’t want to have this issue to deal with, but it is yours to deal with all the same. Act wisely.

Tim Boswell

@TimCJBoswell

3 years

My daughter has just received her latest service charge on her 2 bedroom flat in Leeds Dock. WTAF. This is completely and utterly ridiculous. #EndOurCladdingScandal

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Claus Vistesen

@ClausVistesen

3 years

@PeteApps They’ve lost the plot .. they have literally lost control of this and are sleepwalking into disaster in part because the HoC majority allows them to ram through the bill ... good on the lords for holding them account though!

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Claus Vistesen

@ClausVistesen

3 years

While @michaelgove is, predictably, unwilling to provide any assurances today, his comments today suggest to me that he, at least, comprehends the #buildingsafetycrisis , and trade-offs better than his predecessor, especially re WWs. Cautiously optimistic. Let's see some action.

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Claus Vistesen

@ClausVistesen

3 years

@NLC_2019 @team_greenhalgh @PeteApps @BH_CAG @gqsteve @MikeAmesburyMP @LabourSJ This is astonishing. A retired fire-fighther advising the government on fire risk *and* owner of a company delivering WW "services". The incentives are nothing short of diabolical here. This is banana republic degrees of corruption.

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Claus Vistesen

@ClausVistesen

3 years

@team_greenhalgh pointing out that freeholders would simply proceed to bankruptcy if they're made liable for #BuildingSafetyCrisis costs, making this route counterproductive. What does he think leaseholders will be forced to do?!

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Claus Vistesen

@ClausVistesen

3 years

This is ground-breaking stuff today from @michaelgove on the #claddingscandal , re the major points. If actions follow today's comments—a big if—big changes are coming, and hopefully some relief, on the way for leaseholders, and the market for flats in general.

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Claus Vistesen

@ClausVistesen

2 months

@IronEconomist Agree, I really think such nicely designed 10-15 unit housing is great, and they're highly desirable for young people and families. Also, nudge wink etc, if sold as "share of freehold" they avoid most of the leasehold dumbness!

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Claus Vistesen

@ClausVistesen

1 year

Thanks to @BBCMorningLive for taking this on. @Mattallwright is right, in principle, about the road to recourse for LHs. But in practice, it is all but impossible to hold FHs to account for excessive charges. LHs don't want to go to court, they want control via @CommonholdNow

BBC Morning Live

@BBCMorningLive

1 year

🏡 Watch this brilliant advice from @Mattallwright for leaseholders who have had service charge hikes.

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Claus Vistesen

@ClausVistesen

3 years

Retracting the advice notes would be a start, but the idea that this helps people already caught in this mess is naive. @RobertJenrick , you own this misery. At some point, you'll have to choose between your donors and the people affected. Choose wisely.

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Claus Vistesen

@ClausVistesen

2 years

I think the ECB will have its BOE moment this month: "Yes, a recession is likely, but we'll hike anyway. Good luck."

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Claus Vistesen

@ClausVistesen

1 year

Could the UK building safety crisis, and the way it has exposed the perils of leasehold, be the most mishandled public policy and legislation endeavour in post WWII UK history? It has to be close. It drives a stake through the heart of the homeowner dream that is the key pillar…

John Byers

@Survey_Advice

1 year

Building Safety Act: Conveyancers halt leasehold transactions affected by ‘car crash’ legislation | Today's Conveyancer

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Claus Vistesen

@ClausVistesen

2 years

GBP is up, gilt yields are down, and the usual contrarian "Maybe it isn't that bad" takes are landing. Look, they might get lucky, but the first order conclusion is that they're simply incompetent. There is no masterplan; we shouldn't be looking for any. 1/2

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Claus Vistesen

@ClausVistesen

3 years

@RobertJenrick @TaylorWimpeyplc No sir, the one who has to protect leaseholders is you, and as of this moment, you are missing in action.

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Claus Vistesen

@ClausVistesen

3 years

cc @YouTube ... we're all waiting for your apology to @BretWeinstein and @HeatherEHeying , and this is completely independent of whether it actually works or not.

BBC News (World)

@BBCWorld

3 years

Ivermectin to be studied as possible Covid treatment in UK

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Claus Vistesen

@ClausVistesen

5 years

I see that LVMH is issuing bonds to pay for Tiffany—yield 0 to 1%—just in time for the @ecb 's resumption of corporate bond purchases in the primary market. Yes, the ECB *will* directly finance part of this transaction, lifting the EZ NIIP in the process. I love capitalism!

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Claus Vistesen

@ClausVistesen

4 years

Well, the question ultimately is whether Germany wants to be in the Eurozone or not ... it could always leave if it doesn't like it.

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Claus Vistesen

@ClausVistesen

8 years

The two most rapidly ageing economies in the world now both have negative interest rates. More to come?

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Claus Vistesen

@ClausVistesen

1 year

@charliebilello Yes, Charlie, they're too high.

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Claus Vistesen

@ClausVistesen

2 months

Here are the real pensioners affected by the leasehold scandal. And they're not the ones @RFAssociation has been telling you about.

BBC News (UK)

@BBCNews

2 months

Retirement flat residents 'disgusted' by fee hike

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Claus Vistesen

@ClausVistesen

1 year

If you look through the website of this new initiative, you will eventually come across my mugshot. I am happy to help Harry and Karolina behind the scenes to driven this agenda forward. 1/2

Harry Scoffin

@HarryScoffin

1 year

🚨 ANNOUNCEMENT 🚨 Fired up by the abject failure of the Queen’s Speech last year to introduce a Bill to liberate the estimated 10 million existing leaseholders, today we launch @CommonholdNow to force an end to leasehold (and fleecehold) in the King’s Speech this November. (1/5)

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Claus Vistesen

@ClausVistesen

2 months

The @RFAssociation is now straight up lying in their campaign. It is factually incorrect and disingenuous to claim that a cap on ground rent would hit maintenance budgets. These are covered by service charges, which represent their own unique extortionary problem. 1/2

Free Leaseholders

@FreeLeasehlders

2 months

🚨PROJECT FEAR UPDATE🚨 Big Freeholders are becoming increasingly hysterical and unhinged in a last bid attempt to scupper ground rent reform. These ads are being displayed across the political blogosphere. Ministers and journalists must not fall for this fake news.

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Claus Vistesen

@ClausVistesen

19 days

In case anyone is wondering why many of us are on tenterhooks today working every angle we have to help the Leasehold bill goes through, this is the kind of sh't we're trying to clean up; -> 1/2

Pensioner, 90, hit with £17,000 ground rent bill - as next government faces call to abolish...

Derek Taylor has paid off the mortgage in the home he has owned for 50 years. But because he doesn't own the land it is on, he is now facing a £17,000 bill for ground rent - a charge the government...

news.sky.com

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Claus Vistesen

@ClausVistesen

7 years

A cottage in Lake District always sounded as such a good idea.

Ross Clark

@RossjournoClark

7 years

Desperate press release of the day

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Claus Vistesen

@ClausVistesen

2 years

The sad truth of this misery is that @team_greenhalgh and @michaelgove , however their good intentions, are playing catch-up on every level. They need a cheque, and a big one, from HMT to get ahead of the game. Until then, they will be re-arranging deck chairs on the Titanic. 1/2

Glenn Seaton

@GlennSeat

2 years

Jeremy Clarkson is snared in the #BuildingSafetyCrisis "the insurance premium has leapt from £6,000 a year to a staggering £80,000." @JeremyClarkson ours has gone up from £23,000 to £350,000. #leaseholders up shit creek with no oar, boat or life jacket.

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Claus Vistesen

@ClausVistesen

4 years

@DeItaOne He didn't say this, did he? I mean, I know they're stupid, but please tell me that the didn't say this word for word.

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Claus Vistesen

@ClausVistesen

5 years

You can fight the market if the EU/ECB is on your side, you can fight the EU/ECB if the market is on your side. If both is against you, you'll lose. Anyway, carry on Mr. Salvini.

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Claus Vistesen

@ClausVistesen

5 years

Uhh, this is dovish from Draghi, my god ... he is hinting at accepting an overshoot of CPI above 2% ... lol ... good luck!

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Claus Vistesen

@ClausVistesen

1 year

A fantastic analysis by @jburnmurdoch in the @FinancialTimes on the two tier property market in the UK where flats are second rate due to leasehold and the fire safety scandal; . Go Read 1/2

How England’s flats turned into second-class housing

Leaseholds and cladding crisis help explain the stagnation in apartment prices

www.ft.com

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Claus Vistesen

@ClausVistesen

1 year

Yes! UK housing reform starts with reforming leasehold, or it doesn't start at all. Helping people to buy their first home is noble. But first, we must detoxify the lower rungs of the housing ladder so that your first home is truly a step up, and not a leasehold trap which brings…

Catherine Williams @[email protected]

@cattwil

1 year

Oh come on @UKLabour !! Voters need hard factual promises not hot air Why can't you commit to enforcing #commonhold for all flats Regulation of managing agents Retrospective reform of lease extension/FH purchase to be affordable? FTB s stand no chance without these @NLC_2019

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Claus Vistesen

@ClausVistesen

1 year

To claim that helping this gentleman, and others like him, is impossible because it violates the property rights of freeholders or to brush his plight away with "caveat emptor" is shameful. It is a *political* choice to stand up for him, and others like him; a long-overdue one!

orwellvalley

@orwellvalley

1 year

I've been having some very dark thoughts. I'm not really coping my homes a mess. I have to stay in a job I hate just in case I have borrow to pay Irwell Valley £10.5k. I'm covering maternity for a colleague as well. I'm so drained each day and I can't quit. This is my reality.

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Claus Vistesen

@ClausVistesen

3 years

I assume Blackrock are still advising its clients to go all in on Chinese assets?

Is it time to avoid investing in China?

While economic growth remains strong, Beijing’s crackdown on private business bodes ill for portfolio investors

www.ft.com

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Claus Vistesen

@ClausVistesen

2 years

@JXB101 @JeremyWarnerUK This is interesting; we seem to be moving from various stages of denial, chief among which is 1) don't talk down Britain and 2) look at how bad Europe is, to acceptance. Interestingly, a referendum to re-join isn't the answer, I think. Getting rid of the Tories just might be. 1/2

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Claus Vistesen

@ClausVistesen

3 years

Back from holiday, in Ibiza. Three observations. 1) Spanish tourism, Balearic/Canaries, is humming. 2) Pre-travel Covid testing is a glorious racket. I can't wait for the investigative journalism post mortem on how much we've been fleeced. 1/2

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Claus Vistesen

@ClausVistesen

3 months

To understand the grotesqueness of this, all you have to look at is the incentives. The freeholder/HA has a strong incentive to jack up costs. It is virtually impossible to hold them accountable, and if the shared owners can't pay, the HA/freeholder can ultimately reclaim the…

I'm a shared owner, not a cash cow ❌️

@STimea3

3 months

£1700 PER MONTH....IN SERVICE CHARGES ALONE. IN A HOUSING ASSOCIATION FLAT. They pay rent, which also goes up every year, plus a mortgage on top of this. @michaelgove tinkering around the edges isn't enough. @PhilH23 @RagsMartel @Lees_Martina

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Claus Vistesen

@ClausVistesen

2 months

Another deliciously contradictory aspect of this rubbish by the @RFAssociation is; how can GR simultaneously be crucial for the upkeep of buildings *and* represent a potential "£30bn" hit to pensions. #doublecounting . Don't fall for it @michaelgove and @hmtreasury

Harry Scoffin

@HarryScoffin

2 months

I feel icky amplifying this sector disinformation being pumped out across SW1 websites. But the @RFAssociation must be held to account. It is a nonsense to suggest freeholders - who only own 2.5% capital value in a block - are vital for flat living. They don’t exist elsewhere!

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Claus Vistesen

@ClausVistesen

2 years

Vaccines will set you free* * Conditions apply.

DW News

@dwnews

2 years

Germany has declared that all travelers from the UK will be asked to quarantine for two weeks, even with a negative coronavirus test.

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Claus Vistesen

@ClausVistesen

4 years

Italian 2-year yields are at 2% ... this is open mockery of the @ecb forward guidance, never mind the 10y spread, which is bad enough (bunds are being shot too mind). The market is calling out the ECB; will it answer? I genuinely think this is a tipping point.

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Claus Vistesen

@ClausVistesen

3 years

Nothing has been learned, it seems. I am hoping @michaelgove wipes the slate clean—which would include killing this idea—and comes up with something better. A loan, nevermind one capped at £50pm, won't work; leaseholders can't pay 1/2

Liam Spender

@LiamSpender

3 years

1/7 #forcedloans Horrified to see Homes England advertising for an 18 month fixed term employee to oversee development of loans for 11-18 metre buildings (advert here: )

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Claus Vistesen

@ClausVistesen

6 years

Having new elections in Italy with the sole purpose of deciding on whether to stay in the euro or not would make the Brexit ref, and it’s aftermath, look like a cake walk.

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Claus Vistesen

@ClausVistesen

10 months

The lower rung of the housing ladder ladies and gentlemen. This has absolutely nothing to do with people wanting gardens, or people not liking flats. The surge in rates isn't helping anyone, but this issue is mainly a result of the catastrophic handling by the government of the…

London Money

@LondonMoneyFS

11 months

Client just been informed his flat purchased in 2014 may be worth less than they paid for it

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Claus Vistesen

@ClausVistesen

4 years

French fresh food prices rising by 18.1% y/y ... there is your increase in households' inflation expectations, in case you were wondering. Does it matter? Well, only if you're poor ... ;)

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Claus Vistesen

@ClausVistesen

7 years

@nikostheater @gusbaratta Assange and Russia don't count here.

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Claus Vistesen

@ClausVistesen

4 years

I predict: U.K. real estate/property is going to the moon in the next 2-3 years, as in 2006/07 style.

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Claus Vistesen

@ClausVistesen

1 year

And so it begins. Freeholders are fortifying in their final bastion of resistance; that leasehold reform, in this case capping ground rents at 0.1% of the freehold value of the flat/house, is a violation of their property rights, and thus illegal. This will be their Alamo. 1/n

Residential Freehold Association

@RFAssociation

1 year

The RFA’s Mick Platt has responded to reports that a future leasehold reform bill from the Government could include proposals such as capping ground rents at 0.1% of the freehold value. Read the statement below 👇

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Claus Vistesen

@ClausVistesen

11 months

This is the inevitable result of the government's decision to create a two-tier market with its ground rent reform. Prospective changes make matters *worse* for existing long leases; this is obvious for anyone with eyes to see. cc @michaelgove and @luhc

Commonhold Now

@CommonholdNow

11 months

🚨Leasehold properties becoming harder to sell🚨 78% of agents said “leasehold property with an escalating ground rent would struggle to sell, even if priced correctly. Evidence a two-tier market now exists. 2022 Ground Rent Act didn’t go far enough 1/2

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Claus Vistesen

@ClausVistesen

7 months

What we are seeing here is the death of the market for residential ground rents as an investment vehicle, and unlike the warnings about a crash in the pound and other UK assets as markets fear "Mugabenomics", markets as a whole are unbothered. As they should be; residential…

Harry Scoffin

@HarryScoffin

7 months

🐔A PLC ground rent grazer suspends dealing following govt consultation on banning ground rent🐔 TIME:Freehold, one of the few publicly listed investors, has stopped dealings in its shares. Designed to scare govt? The sky hasn’t fallen in. Govt, don’t do a ‘Chicken Little’!

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Claus Vistesen

@ClausVistesen

18 days

Every time a member of Lords clutch their pearls about "retrospective" action in leasehold, a fairy dies. What do they think happens with *existing* leases/contracts when they make prospective changes?! They become increasingly worthless.

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Claus Vistesen

@ClausVistesen

1 year

I am quite literally screaming. One of the main reasons reason why families can't buy the larger home they, want is because they can't sell their current leasehold, due primarily to the tenure. The lower rung of the ladder is broken. You want Help to Sell; reform leasehold! 1/2

Norma Cohen

@NormaCohen3

1 year

Help to Buy? What downsizers really need is Help to Sell via @financialtimes

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Claus Vistesen

@ClausVistesen

27 days

Every time you think the Tories have reached bottom, they find a way to dig a deeper hole for themselves.

Noa Hoffman

@hoffman_noa

27 days

Angela Rayner responds: “The Chancellor now has serious questions to answer about his involvement in determining crucial policies on ground rents and whether they would have a direct personal impact on his vast property portfolio."

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Claus Vistesen

@ClausVistesen

7 months

Reading through 2024 outlooks. Everyone is super bearish Europe, as in EURUSD sub 1.05 bearish, wholesale underperformance of EZ assets bearish etc. All fair, but this does feel like a very consensus idea at this point. Not a lot of imagination.

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Claus Vistesen

@ClausVistesen

1 year

Another timely article on the misery and challenges that is leasehold. Awareness is growing, which hopefully will drive momentum for change. There are no excuses for @Conservatives and @UKLabour not to implement the necessary reform.

Byline Times

@BylineTimes

1 year

🔴Government ‘Must Defy’ Developers’ Calls to Drop Vital Leasehold Overhauls Housing secretary Michael Gove is facing pressure to abandon popular plans to reform England and Wales’ feudal leasehold system, reports @josiahmortimer

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Claus Vistesen

@ClausVistesen

2 years

GS now sees ECB QE ending in June, with 25bp deposit rate hikes in Sep and Dec ... when expectations move, they move.

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Claus Vistesen

@ClausVistesen

5 months

Amendments to the leasehold bill are coming in thick and fast, and encouragingly they're mostly pro-leasehold (what I have seen that is). It increases the chance that the bill won't be watered down, on balance. Thanks again to @mtpennycook for driving this matter forward.

Justin Bates KC

@justinbates28

5 months

Shadow housing minister @mtpennycook has been busy. Amendments to abolish forfeiture, repeal s120 LPA 1925, create mandatory RMCs is new leases, huge restrictions on landlords recovering litigation costs via leases plus amends to gov proposals.

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Claus Vistesen

@ClausVistesen

1 year

The property ladder is supposed to be a vehicle for upward social mobility, but in the U.K. the preponderance of leasehold/shared ownership in flats, the first step for many on the ladder, means that it is anything but. This is a systemic issue, with enormous costs to society.…

Commonhold Now

@CommonholdNow

1 year

🚨NEW VIDEO🚨 Leasehold: “THE BIGGEST ORGANISED SCAM IN THE UK” @JennyB_Writer ’s tiny one-bed dream flat ended in a £50,000 loss and debts, upon a forced sale. ❌ Huge escalating insurance/commission bills. ❌ The mental stress was too much. (1/3)

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Claus Vistesen

@ClausVistesen

11 months

For the first time in a long time, the ECB is coming under a lot of pressure to pivot dovishly this week; Knot's apparent change of heart, awful PMIs, as well as of course inflation which is now easing, so will they? 1/3

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Claus Vistesen

@ClausVistesen

1 year

cc @michaelgove , @lisanandy and @mtpennycook ... it is embarrassing that this is happening in modern Britain. You have the power to change this, regardless of what side of the divide you're sitting on in parliament, and you should, quickly.

Norma Cohen

@NormaCohen3

1 year

How is it that the legal system in a modern, prosperous Britain, could allow the owner of a building to tear its roof off without permission of those who paid for the right to occupy space below? And still insist it is not financially responsible for damages? @CommonholdNow

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Claus Vistesen

@ClausVistesen

7 months

All in, this leaseholder will be looking at around £20-to-25K to extend his lease, 20-to-25% of which will be his freeholder's legal fees(!), which he *absolutely* has to do if he ever wants to sell his flat (worth 195K) and or remortgage with a different lender. This is the…

Oli

@GameSetOllie

7 months

Thought I will provide updates on my lease extension I am currently going through for the benefit of other leaseholders in similar situation. #leasehold I have had 2 sales not go through on £195,000 flat in Teesside because the ground rent is £390 a year classing it as an AST

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Claus Vistesen

@ClausVistesen

3 years

This is gaslighting, pure and simple. It is embarrassing that @mhclg over and over again denies the very predictable reality and consequences of its own advice notes and recent legislation.

Department for Levelling Up, Housing & Communities

@luhc

3 years

@TheSundayTimes reports misleading and inaccurate info on the progress to remediate unsafe buildings. Our priority is making sure residents are safe by removing dangerous cladding from the highest risk buildings as quickly as possible. Our response:

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Claus Vistesen

@ClausVistesen

3 years

I was told that YCC would be implemented at 1% ... so, will it?

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Claus Vistesen

@ClausVistesen

11 months

One of the most common counterarguments against leasehold reform is that it would lead to poor building maintenance because of the absence of professional freeholders, who are best qualified to maintain buildings. Let's just leave that there for a minute, shall we.

Harry Scoffin

@HarryScoffin

11 months

Imagine being homeless for 7 months, surfing sofas, because of an absentee building owner presiding over a failed roof and botched repairs. It’s a multibillion pound pension fund. @RFAssociation - Your ‘noble custodians’ line is being blown up by what’s happening on the ground!

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Claus Vistesen

@ClausVistesen

1 year

Water, or in this case bad actors, will find a way. Scrap ground rent you say; how about an exit fee when you want to sell your home? It is in everyone's interest that this kind of behaviour is outlawed -> @CommonholdNow

Stevo

@Stevo_Trader

1 year

@michaelgove @LKPleasehold Why are freeholders getting away with ripping people off!! Is the way it’s gonna go now on all flats!! Absolute disgrace!! @DailyMailUK @FinancialTimes @guardian #leasehold #freehold

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Claus Vistesen

@ClausVistesen

1 year

The perils, injustice and downright nonsense of leasehold are fast becoming the most hotly debated issue in the UK housing discourse, and rightly so. Change is badly needed, and at this rate change is inevitably coming, thankfully. The question is how far politicians will go. 1/2

The New Statesman

@NewStatesman

1 year

“I’ve worked really, really hard, seven days a week, to raise my children and pay the mortgage, then to find out I don’t own it – it’s horrendous” @Anoosh_C speaks to fed-up leaseholders who are pushing for radical change on housing. Thread ⬇️

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Claus Vistesen

@ClausVistesen

1 year

We are told that leasehold is necessary because professional freeholders are needed to maintain buildings. The low-resolution counterargument is that many people could hardly do any worse if they had control via Commonhold. 1/2

Commonhold Now

@CommonholdNow

1 year

Today’s @BRE_Group and @thetimes report shows poor housing costs the NHS £1.4bn each year. This is why we founded Commonhold Now - to push for a fairer, more equitable system of property ownership that prioritises homeowners’ rights and wellbeing. (1/4)

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Claus Vistesen

@ClausVistesen

3 years

@banquedefrance Nuff said ... that is what it is, no more but also no less; it is a normative political project, first and foremost.

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Claus Vistesen

@ClausVistesen

2 years

@TheStalwart Joe, I am a bit surprised that you keep banging your head against this. It is the *timing* that's the challenge -> very high inflation/very high budget deficits, and a big CA deficit. 1/2

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Claus Vistesen

@ClausVistesen

2 years

Germany with another fiscal package on the energy crisis, this time 2% of GDP. The macro policy mix is shifting indeed. Granted the windfall tax means the net number is smaller, but still. 1/2

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Claus Vistesen

@ClausVistesen

4 years

The ECB needs to go big this week ... as in full beast mode. Will it? I have my doubts.

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Claus Vistesen

@ClausVistesen

5 years

German manufacturing PMI

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Claus Vistesen

@ClausVistesen

6 months

That this nightmare has not yet been solved to the benefit of those who bought these homes in good faith, and with warranty protection, is an atrocity. The developer, warranty provider and freeholder should be ashamed, and someone ought to throw the book at them. cc @michaelgove

Guy Lynn

@guy_lynn

6 months

"We're just scared it's all going to collapse one day, with us in it, and we will die," Agar Grove resident tells me. They invested life savings only to end up with crumbling, leaking flats. Better consumer protections and accountability urgently needed

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Claus Vistesen

@ClausVistesen

3 years

@FirstSquawk @Ole_S_Hansen So, basically ...

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Claus Vistesen

@ClausVistesen

3 years

AOC defending retail investors' god given right to short squeeze hedge funds is exactly the content that I come here for.

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Claus Vistesen

@ClausVistesen

1 year

Imagine the UK decided that poorly-isolated/single glazed (listed?) houses needed to be brought up to curr standards, and that if they weren't, they would be decanted/un-mortgageable until remediated. That's what's happening in the flat market, and it's batsh't crazy.

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