House of Paine

UN wants globe to build 100k a day... the hard way...the private way

  

 "100 thousand  units per day "

thats the un's estimate
of new urban housing 
           we earthlings
             need to be  building .....
  starting today 

  if we want to hold back the slum tides 
  
 catch:

this UN Rx 
  calls
        for doin it all
              the hard way 
                    full of private 
                             rents and interests

   

======================================


" A new report by the United
Nations 
warns that
governments
 will have to take
 the lead .....

in building some
100,000 housing units
              per day 
if the world hopes 
to avert a
massive urban crisis 
in the near future"

-------clear enough for ya  ????

but soft

read what "lead"  means -------------

" the report explores the
challenges of ...
  achieving
 a significant improvement 
in the lives 
   of at least
100 million slum dwellers by 2020"

---------- 100 mill sound like a lot ????----------

"Almost half of the world's 
six billion people 
already live in
cities Of these, 
it is estimated 
          that
 about a third live in
                        slums"

        -------------

             some school boy math...

          1/2 x 6 bills = 3 bills
              3 bills x 1/3 = 1 bill


i billion slum dwellers

  now 

               100 mill/ 1 bill =  10%

           10% DE-slummed ....
                in 15 years ????

               cheesey  bushonian  goal  eh ?------------------
 

-------------------------------------------- 

"by
recent estimates, 
more than two billion people
will be added
to the number of city dwellers 
in developing countries 
by
2030"


---------- 

lets see

 keeping slum rates constant....

that projects out as....

1/3 x 2 bills = 
                ~ 650 mill

 650  mill 
         freshly minted
                     slum-bells 
                             by 2030 
and a grand  total 
        of  1,650 million
               " gay 30's "
                 dark  urban  hellers  ------------------- 



" To meet the needs 
of that additional population
 some
35 million new housing units 
would have to be built every
year for the next 25 years"


---------- 
 note :
 35 mill x 25 years = ~ 850 mill units 

take the 650 news add the 100 mill interum goal

you get 750

leaving 100 mill
to grow on 

and also

 35 mill / 365 = ~ 100 k

hence the 100k per day gig --------------


---------- current contradiction --------------


"affordable shelter 
 is inadequate 
and adequate shelter
 is unaffordable", 

------------------ question
with answer too obvious ...

  mounting rates
of  urban homeless

what  groups benefit ??--------------


--- so how do states -------------

 "  mobilize 
  the financial resources 
necessary for
both slum upgrading 
and  further slum prevention"


----------- 

before we proceed
down illusary avenues
the report 
claims   third rate gubmints
   ain't got any  urban planning 
agencies 
worth a shit 

  so how they gonna ...do ....

so upshot whatever might be

won't be


"are u dickin me ??? pal "
                      ------------

"The report also highlights
 the strengths and limitations
 of
current trends 
in conventional mortgage financing" 

---------- here comes 
    the fish fry
  UN Rx :

 privatize the rewardsand
socialize 
the risks thru gubmint 
            guarantees 

yes 
the  new brighter
         UN bureaucracy
          is
 opposed to 
directly 
produced 
 publicly financed
            housing projects 

let alone publicly
   owned and operated projects

 our world viewers
   are
now
  neo gliberal 
          all the way to the bottom ----------

" right now
    the poor
are generally excluded"

 
----- 
used to be ...

     banks only
  lent money to 
folks who don't need it
as   harry truman
loved to say

but now 
with the gubmint backin em

socializing  the risk 
while keepin
  the reward 
a private affair

nice gig

so 
look to a it spreadin
to third world addresses 
at least at the upper lower levels

roughlydown to 
  where amerikan blacks 
           now float here at home 

after some skipped 
  blah blah blahs
that soars 
from here to 
 fatuity ....
       we get              -------------

"
it is in the interests 
of
governments 
to extend mortgage markets 
down the income scale"


------------- lovely noition that gubmint's
                  have "interests"
   is this general welfare
or a whip hand class interest ????------------ 

" home ownership is beneficial
 economically, socially 
and
politically"

--------- 

now there's line drawn 
        in the klass sand
  and our prior 
       query is  answeredtoo

         the interest 
         refered to as the gubmints
          is indeed  
            that of 
           the  whip hand class .... 

                       one needn't recall
                 the line
 a home of one's  own
    makes a  job worker
           a  boss fearer
                  ----------



----------------------------------------------

---------- but what of the really poor ---------------

"The majority 
of urban poor households
 can only afford to
build their homes 
          in stages
 as financial resources become
available "


-------------- 
not quite sure 
whats meant here
by
stages 
a shanty built room by room ???
whatever 
it is it's sure
  not high rise shit 
       their refering to ----------



--------- so if you want 
legal non squat shanties
ie landlord rent 
or land owner comp 
then the zyztem 
needs to generate
scads of -----------

" short-term small loans 
of one to
eight years 
in amounts from 500 
to 5,000 dollars"


 
-------------- 

from the finance side

nothing 

sinister here...

quite 
yet anyway 

after all
just capture 

all
the negative 
scale effects ...

when you loan 
in such small packets 
no matter the size

u got   

 up front lender
  "origination costs'

sure u can shorten the process
 but not anyway near 
in proportion 
as the face value 
 of the loan shrinks 

so 
looked at  
per dollar lent

these loans...

well 
they need higher  
"gross returns "

       and then as the pay back flows in 

u got 
       fixed  admin costs 
which again aren't in proportion ......
etc etc etc ...

        this translates

sans  rube gubmint sucker floats 

and subsidies


 very 
     very high real
               interest rates

and that's 
 forgetting 
 residual default risks
 that might remain un socialized
by the gubminters 

"costs a lot
to shylock    
 these dirty little buggers"

  and so 
 why bother
 unless you plan on 
running a  nice thick scam
off the gubmint 

lets continue .... 
           -------------------

"It is also important to 
'increase the number of lenders 
in the
housing microfinance sector'"

------------- 
as above implies
  such low return shakey credits
make for 
minimal market participation 

because too risky too dirty
too low a return too blah blah blah

too fucked 
that is 
 
unless 

gubmint 
wades in
 as big time patsy

question

why not 
just let the gubmint do it all then ???

enter the neoliberal enlightenment .....

but first more fill pot .... -------------


"  GOVERNMENT 
  Guarantees are 
a mechanism for broadening 
the appeal of microfinance
institutions 
to lenders "

-------- because??

(heres thrice made point again)
           ...-----


"the cost of a
typical  first world
        house is
 between 2.5 and six times 
the average
annual salary 

butt 

 that  ratio rises
 to about 10 times 
in most 
developing countries"


---------whaich translate to one word

default risk 

that and 
small potatos 

as in 
 low absolute lot values 
                           ---------

----jumping around to another dimension ------

"Among the main challenges,
especially in developing 
countries with economies 
in
transition:
 low levels of domestic savings"

----------  this be  
              the  usual elitest
                       stink bomb 

which boils down to just another

meaningless

cat after own tail
tale 



  the poor are poor 
ultimately because 
they don't save enough

why 
don't they save enough ?

too poor ...
qed
-------
-------------------------

     ------    whats not stated
here 
is the rock hard
       fact

if you can debt hook em .....

poor as they be 

and i mean  
something  
like a  jobster
household
load em on debt 
get em 
offering the heffi 
too many job  hours 
and
if they get a job
get em 
working  
longer harder and better

why ?
cause they gotta 
"pay the man"
or lose the hut 
yup
longer harder and better  
then they  ever would 
  if they were poor 
but 
 "free and clear"


by the way 

the third world 
"saving klass" 
does 
save
but too often
especially in a pinch
  over seas 
 in  safe first world banks  ------------------------


 -----how's this
 for a  feather brained add on ....------------

"there is a need 
for accelerated employment 
and income generation"


------------get it???
 more jobs
more job income
more income 
more mortgage payment potential 
more payment potential
 more house buying 

so lets get us some 

        more better paying jobs 
'round here 
           pronto...

jesus if that dial can be turned up
        at gubmint will

why bother about any others 

fact:

that dial...
can't be twisted up 
even the length of a 
flea's penis  

at least 
not 
by any  third world gubmint
acting solely on its own ....credit 

so what impudent ass 
added that
    supplementary  Rx ...????

 professor DODASH  Bose of the 
 BY GALLY BENGALI
       gliberal
BRAIN TRUST  ------- 





"a shift of the public sector
 away from direct
housing construction 
towards assistance 
for home ownership
through direct subsidies"

---------- see see
where this heads 

behold 
the  galloping
  the jack ass cavalry 

 hee haw hee haw ----------------------


-------- the report's
got one thing right
            for damn  sure ---------------


"adequate shelter will
not emerge on its own"


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