Yeah Rory does tend to bring up the same stories in his various interviews but somehow this time he seems a lot franker. Maybe he's trying to reach a younger demographic than say when he talks to the Spectator😅
I mean, even if you have a trailer park situation people would still pay a fortune to park in highly in demand places, and the fact that you would loose a lot of density in the city centres because of less flats would actually make it more expensive to stay in prime locations
Great chat, Rory was fast and brilliant as always I do have a idea that Rory didn't mention its canal boats cheap enough to buy and live on. I started on a 1982 30foot narrowboat £8k to buy I lived on it for 8 years while I saved up for a wide beam sea boat £27k that I now have and live on the River Trent it's the cheapest way of living in the UK if you want to own your home
Of course if you only see the demand side of the economy then house speculation is terrible but for one second look at the supply side, theres a bunch of people working to buy overpriced houses, those people working presumably produce stuff of value in exchange for nothing really only a shit overpriced house, to me it sounds great. If those people had to be compensated for their work with actual goods and services, that would be a great strain on the production of those goods and services.
First time I've heard of the idea of "contextualised taxation". It's quite interesting, but I'd imagine it'd be rife for exploitation and avoidance. I think as he says in this video, people are remarkably good at "getting round the rules".
The flip side of the lauding of saving into property is the demonisation of consumption. At the individual level, frugality seems like an admirable trait, but at the societal level it's counterproductive because consumption employs people and allows companies to create value. In a modern services-based economy, most 'consumption' is paying people for services rendered, not buying frivolous, disposable tat.
Thanks Derek, giving the guest space is a long term lesson from hosting the podcast. You're spot on, Rory will flow and as a host you just need to prompt and probe!
Thanks Harry, appreciate the helpful feedback - something I'm working on for future episodes. Have always focused on the quality and frequency of the episodes, but absolutely agree the areas we can improve production are key. Hope you enjoy any future or prior episodes you tune into on here or the audio apps.
Oh oh, this is weird, I agree with about everything Rory says. Believe me this is a first, I'm scared :) Regarding TikTok. it is demonised mostly because it is Chinese in origin, not for any other reason. For me, Facebook is just ads.
Impossible to not laugh when Rory is calling people WANKERS. Loved hearing new independent thinking around property as a form If investment also. I think the money put in over a longer time horizon is beneficial for the economy. In the immediate term it produces income to spend but of course if you’re the kind of person buying property investments already the likelihood is you will buy more assets opposed to goods and services. BUT Porches stimulate the economy though right?
Agreed Bryce, Rory puts forward new perspectives in a way that lets you consider them and take seriously even if not in total agreement. That's a level of conversation many of us would like to see in our political arena to shape the UK going forward....but little to no chance of that!
Faster velocity of money == inflation. The main problem with Rorys view on the economy is that he focuses on money, to understand the economy you must ignore money, essentially theres only goods and services being bartered across space and time. If people suddenly spent all their money the real economy wouldnt grow, in fact there would be just marginally more goods and services available and therefore everything would get more expensive and people would be in the same place where they started
Rory's brother who has a heat pump for every room has a more efficient then a central system since he can adjust the temperature of each room as needed.
This is the hill I will die on - Microsoft's phone UI was head & shoulders above any other. Looked beautiful, worked beautifully. It's a shame it withered on the vine
haha I'm a big believer that the Market will dictate winners and loser and 9 times of of 10, it's correct. But there will always be outliers, perhaps the Microsoft phone is that?
As someone who lives in a van right now, and previously lived on a boat, I think Rory is missing something with his trailer park idea... You still have to pay for a place to put your mobile living solution. Whether it's a space in a field, or a dock in a marina, you're not getting a free pass by having some self-contained housing solution. You still have to pay for the privilege of being there.
Well both are expensive! A van is cheaper to run than a boat if you're not actually travelling around in it, but as soon as you start doing nomad stuff there's a whole mess of complications to consider. And the world is not set up for people who don't have a fixed address. Banking, insurance, licenses, access to services, it can all be hard. Not to mention basics like where do you poop! Then there's the issue of popularity, or surges. If everyone feels free to move to anywhere then everywhere nice quickly fills up with nomad vehicles. I was in Tenerife this winter, finding a decent spot was hard. Too many nomads escaping the northern winter! A campsite in the UK will cost anything from 20 to 70 pounds a night to park, and planning permission usually restricts visitors to one month maximum. Allowing long-term stays would enable sites to maintain a steady income during winter, but councils usually oppose the idea. Mooring a boat in my nearest marina runs about 400euro or more per metre of boat length for the summer season. 10-12 metres is normal for a liveaboard, so minimum 4 grand in rent for six months over and above the cost of the boat. It's cheaper in winter, but you'd probably want to go somewhere warmer and less rainy, joining the migratory herd that pushes up prices wherever you go. If you can find a spot, you can anchor a boat away from a marina. But then you're totally off grid and need a dingy to get to shore. Where do you put it when you get to the beach? How do you get from the beach to Sainsbury's? And what do you do when the inevitable storm comes? You are much more "in" your environment living on a boat, attuned to tides and weather, you can't ever leave it for more than a few hours. Next time it's pissing down with rain and you're looking out the window, imagine if your total floorspace was 50 or 80 square feet and you barely had room to stretch your arms out. And going outside meant stepping into a puddle of mud. No washing machine, no shower, maybe even no toilet without a long walk to the facilities. Nomad life is a lovely romantic idea, and can be a lot of fun for a holiday, even an extended one, but is not a long-term solution for a lot of people. I like Rory, he has a lot of great ideas, but he obviously doesn't have direct experience of this one and I think he's missing a lot of nuance. Fun interview though and it's good to see people daring to speak the heretical truth about property prices. Interesting talk about the hate crime bill and social media generally, btw. I used to do content moderation for Facebook, and wrote a book about it.
I guess the key point is that bad housing is better than no housing. 100k for Rory's theoretical off-grid mobile palace, plus 20k for a bit of land in the middle of nowhere to park it on, is still out of reach for a lot of people. But a converted Luton van in a lay-by is still a place to live, still a modicum of independence and freedom, even if it's not ideal. Changes to the laws and planning regulations would make it a lot easier for people who have few alternatives. But you're up against middle class fears of gypsies and hippies, anyone who's not normal. That's a big lift politically, can't see it happening. I'm in a van right now because I've made a conscious decision to experiment with nomad life for a while. I do pet/house sitting, find jobs with accommodation, so for me it's more of a transport with occasional accommodation than a mobile home. The boat was 25 years ago, thoroughly enjoyable, and I thought about doing it again. But it does work out a lot more expensive and a lot more restrictive than a van. It would be different if I wanted the cruising sailor lifestyle, but I really can't be bothered with the skills development, maintenance and generall faff involved.
@@chrisgraythereal Thanks for sharing, Chris - it really doesn't feel likely politically as you say. I think the option for a larger cohort should be made easier, even if not for mass adoption. My personal expectation is for increased home building while also having a greater understanding and grasp of the UK population.
This man has made the art of being a blowhard who talks over interviewers with the same six stories into a very lucrative career. Good on him but "genius" he is not - especially since none of the ideas are remotely original (or in other words "his")
![Megan Thee Stallion - Bigger In Texas [Official Video]](http://i.ytimg.com/vi/QxTkZTLWdo4/mqdefault.jpg)
Of the many hundreds of interviews with Rory, this is one where he seems freer with his scathing attitude. I am so here for it.
Love to hear that, Rory was fully unleashed - glad you enjoyed!
Yeah Rory does tend to bring up the same stories in his various interviews but somehow this time he seems a lot franker. Maybe he's trying to reach a younger demographic than say when he talks to the Spectator😅
Incredible listen, valuable content and well guided. Thanks for this, get Rory back on!
Glad you enjoyed. Yes, that's absolutely the plan!
Banning tiny houses is the equivalent of let them eat cake for housing.
it's punishing for the sake of it
I mean, even if you have a trailer park situation people would still pay a fortune to park in highly in demand places, and the fact that you would loose a lot of density in the city centres because of less flats would actually make it more expensive to stay in prime locations
Great chat, Rory was fast and brilliant as always I do have a idea that Rory didn't mention its canal boats cheap enough to buy and live on. I started on a 1982 30foot narrowboat £8k to buy I lived on it for 8 years while I saved up for a wide beam sea boat £27k that I now have and live on the River Trent it's the cheapest way of living in the UK if you want to own your home
Top episode, could listen to him for hours and hours 👏👏👏
Thanks Gordon, 90 minutes flew past!
Of course if you only see the demand side of the economy then house speculation is terrible but for one second look at the supply side, theres a bunch of people working to buy overpriced houses, those people working presumably produce stuff of value in exchange for nothing really only a shit overpriced house, to me it sounds great. If those people had to be compensated for their work with actual goods and services, that would be a great strain on the production of those goods and services.
First time I've heard of the idea of "contextualised taxation".
It's quite interesting, but I'd imagine it'd be rife for exploitation and avoidance.
I think as he says in this video, people are remarkably good at "getting round the rules".
The flip side of the lauding of saving into property is the demonisation of consumption. At the individual level, frugality seems like an admirable trait, but at the societal level it's counterproductive because consumption employs people and allows companies to create value. In a modern services-based economy, most 'consumption' is paying people for services rendered, not buying frivolous, disposable tat.
One piece of advice I would give to anyone who interviews Rory: Put your ego aside, and let Rory talk….You executed this excellently.
Thanks Derek, giving the guest space is a long term lesson from hosting the podcast. You're spot on, Rory will flow and as a host you just need to prompt and probe!
really enjoyed this BUT imo could be further improved by 20% with thematic timestamps on the video timeline
Thanks Harry, appreciate the helpful feedback - something I'm working on for future episodes.
Have always focused on the quality and frequency of the episodes, but absolutely agree the areas we can improve production are key.
Hope you enjoy any future or prior episodes you tune into on here or the audio apps.
Oh oh, this is weird, I agree with about everything Rory says. Believe me this is a first, I'm scared :)
Regarding TikTok. it is demonised mostly because it is Chinese in origin, not for any other reason. For me, Facebook is just ads.
Glad you enjoyed, Duncan!
Impossible to not laugh when Rory is calling people WANKERS.
Loved hearing new independent thinking around property as a form
If investment also. I think the money put in over a longer time horizon is beneficial for the economy. In the immediate term it produces income to spend but of course if you’re the kind of person buying property investments already the likelihood is you will buy more assets opposed to goods and services.
BUT
Porches stimulate the economy though right?
Agreed Bryce, Rory puts forward new perspectives in a way that lets you consider them and take seriously even if not in total agreement. That's a level of conversation many of us would like to see in our political arena to shape the UK going forward....but little to no chance of that!
ps buy the Porsche
Faster velocity of money == inflation. The main problem with Rorys view on the economy is that he focuses on money, to understand the economy you must ignore money, essentially theres only goods and services being bartered across space and time. If people suddenly spent all their money the real economy wouldnt grow, in fact there would be just marginally more goods and services available and therefore everything would get more expensive and people would be in the same place where they started
Rory's brother who has a heat pump for every room has a more efficient then a central system since he can adjust the temperature of each room as needed.
This is the hill I will die on - Microsoft's phone UI was head & shoulders above any other. Looked beautiful, worked beautifully. It's a shame it withered on the vine
haha I'm a big believer that the Market will dictate winners and loser and 9 times of of 10, it's correct. But there will always be outliers, perhaps the Microsoft phone is that?
As someone who lives in a van right now, and previously lived on a boat, I think Rory is missing something with his trailer park idea... You still have to pay for a place to put your mobile living solution.
Whether it's a space in a field, or a dock in a marina, you're not getting a free pass by having some self-contained housing solution. You still have to pay for the privilege of being there.
Thanks for sharing, Chris - glad Rory's ideas have got us considering it and you're able to share the practical element. Do you prefer land or water?!
Well both are expensive! A van is cheaper to run than a boat if you're not actually travelling around in it, but as soon as you start doing nomad stuff there's a whole mess of complications to consider.
And the world is not set up for people who don't have a fixed address. Banking, insurance, licenses, access to services, it can all be hard. Not to mention basics like where do you poop!
Then there's the issue of popularity, or surges. If everyone feels free to move to anywhere then everywhere nice quickly fills up with nomad vehicles. I was in Tenerife this winter, finding a decent spot was hard. Too many nomads escaping the northern winter!
A campsite in the UK will cost anything from 20 to 70 pounds a night to park, and planning permission usually restricts visitors to one month maximum. Allowing long-term stays would enable sites to maintain a steady income during winter, but councils usually oppose the idea.
Mooring a boat in my nearest marina runs about 400euro or more per metre of boat length for the summer season. 10-12 metres is normal for a liveaboard, so minimum 4 grand in rent for six months over and above the cost of the boat. It's cheaper in winter, but you'd probably want to go somewhere warmer and less rainy, joining the migratory herd that pushes up prices wherever you go.
If you can find a spot, you can anchor a boat away from a marina. But then you're totally off grid and need a dingy to get to shore. Where do you put it when you get to the beach? How do you get from the beach to Sainsbury's?
And what do you do when the inevitable storm comes? You are much more "in" your environment living on a boat, attuned to tides and weather, you can't ever leave it for more than a few hours.
Next time it's pissing down with rain and you're looking out the window, imagine if your total floorspace was 50 or 80 square feet and you barely had room to stretch your arms out. And going outside meant stepping into a puddle of mud. No washing machine, no shower, maybe even no toilet without a long walk to the facilities.
Nomad life is a lovely romantic idea, and can be a lot of fun for a holiday, even an extended one, but is not a long-term solution for a lot of people.
I like Rory, he has a lot of great ideas, but he obviously doesn't have direct experience of this one and I think he's missing a lot of nuance. Fun interview though and it's good to see people daring to speak the heretical truth about property prices.
Interesting talk about the hate crime bill and social media generally, btw. I used to do content moderation for Facebook, and wrote a book about it.
I guess the key point is that bad housing is better than no housing. 100k for Rory's theoretical off-grid mobile palace, plus 20k for a bit of land in the middle of nowhere to park it on, is still out of reach for a lot of people. But a converted Luton van in a lay-by is still a place to live, still a modicum of independence and freedom, even if it's not ideal. Changes to the laws and planning regulations would make it a lot easier for people who have few alternatives. But you're up against middle class fears of gypsies and hippies, anyone who's not normal. That's a big lift politically, can't see it happening.
I'm in a van right now because I've made a conscious decision to experiment with nomad life for a while. I do pet/house sitting, find jobs with accommodation, so for me it's more of a transport with occasional accommodation than a mobile home.
The boat was 25 years ago, thoroughly enjoyable, and I thought about doing it again. But it does work out a lot more expensive and a lot more restrictive than a van.
It would be different if I wanted the cruising sailor lifestyle, but I really can't be bothered with the skills development, maintenance and generall faff involved.
@@chrisgraythereal Thanks for sharing, Chris - it really doesn't feel likely politically as you say.
I think the option for a larger cohort should be made easier, even if not for mass adoption.
My personal expectation is for increased home building while also having a greater understanding and grasp of the UK population.
This man has made the art of being a blowhard who talks over interviewers with the same six stories into a very lucrative career. Good on him but "genius" he is not - especially since none of the ideas are remotely original (or in other words "his")