Buy-to-let landlords should face new limits on the amount they can borrow, the Bank of England has proposed.
It suggested that lenders should be much stricter when deciding whether or not to grant landlords a mortgage.
Instead of just taking their rental income into account, the Bank wants lenders to look at their wider financial situation as well.
If adopted, the new rules could reduce lending to landlords by up to 20% over the next three years. — BBC
According to the Prudential Regulation Authority (PRA), the newly-proposed standards should "curtail inappropriate lending, and the potential for excessive credit losses."The new strictures would take into account the costs a landlord accrues in order to rent a property, tax liabilities associated...
As the Two-Way reported on Sunday, the Syrian government says its forces have retaken the desert city of Palmyra, in the center of Syria.
The self-declared Islamic State seized the city in May of last year — and soon unleashed a wave of destruction on its defenders, inhabitants and archaeological treasures. — npr.org
Previously in the Archinect news:ISIS militants have reportedly blown up Palmyra's Arch of TriumphISIS blows up 2,000-year-old Baalshamin temple in PalmyraISIS beheads leading archaeologist in PalmyraISIS militants seize control of ancient Syrian city of Palmyra
As an architect, you have been trained to shape the world according to millennia of design discourse. Giving form to culture is a skill that calls on all the senses and requires a deep understanding of how people interact with their environment [...]
architects know how to "design for people," Johns also points out. This is true of architects as well as UX designers. "You have the user's best interest at heart – which requires consistently hearing and understanding them." — zdnet.com
Related on Archinect:Working out of the Box: Ania Kolak, Architect-turned-User Experience DesignereMotion and mapping museum experienceMIT's "Placelet" sensors technologize old-fashioned observation methods for placemakingAlicia Eler's ode to Jon Jerde and the mall as "part of the American...
No longer confined to collecting dust in storage rooms, over a thousand slides documenting modern architecture's emergence in Southern California have been digitized by the USC Library, and are now available to view for free online.The approximately 1300 slides were culled from the collections of...
Today the U.S. Census Bureau released its 2015 population estimates for counties and metropolitan areas. After volatile swings in growth patterns during last decade’s housing bubble and bust, long-term trends are reasserting themselves. Population is growing faster in the South and West than in the Northeast and Midwest, and faster in suburban areas than in urban counties; both of these trends accelerated in 2015. — citylab.com
Related stories in the Archinect news:See 2,000 Years of Urban Growth Around the World With This Interactive MapThe World’s Population Can Fit Inside New York CityCensus: LA is the nation's densest urban area, while New York ranks 5th
London’s inaugural Design Biennale is set to open at Somerset House this September, based around the idea of Utopia to coincide with the venue’s year-long events programme.
The biennale is headed up by London Design Festival director Ben Evans, biennale director Christopher Turner, former editor of Icon, and London Design Festival co-founder Sir John Sorrell. More than 30 countries are taking part in the event. — itsnicethat.com
Representing the UK will be the design duo Edward Barber and Jay Osgerby best known for designing the London 2012 Olympic Games Torch and their work with Vitra. Their installation will be curated by London's Victoria and Albert Museum.
Some New York City real estate agents have teamed up with their counterparts outside the five boroughs for organized seminars and “immersive tours” of the suburbs. The city agents get a cut of the commission if their clients decide to buy a house in the suburbs. The services, which reside somewhere between shrink session and sales pitch, intend to address the concerns of families unsure about leaving the city and guide them to suburbia, step by step. — nytimes.com
Related news from the 'burbs on Archinect:The strength of Chinese suburbiaHow one urban planner is helping revamp a Miami suburb "without gentrification"In Chicago, forming economically integrated suburbs is more complex than it looksRenzo Piano: the future of European architecture lies in the...
These exponential advances, most notably in forms of artificial intelligence, will prove daunting for as long as we continue to insist upon employment as our primary source of income. The White House, in a stunning report to Congress this week, put the probability at 83 percent that a worker making less than $20 an hour in 2010 will eventually lose his job to a machine. Even workers making as much as $40 an hour face odds of 31 percent. — bostonglobe.com
Professionally, [Mistur's] experience includes his firm, the Troy-based Mark Mistur Architect, from 1993 to present, as well as time with Mistur Riebe Architects in New York City and Glynn, Spillane, Griffing Architects PC and Crozier Associates PC, both of Albany, N.Y.
Mistur said in the release that he was honored to be chosen and said the college was “by all indicators a vibrant learning community.” — Crains Cleveland
Formerly an associate dean at the School of Architecture at Rensselaer Polytechnic Institute in Troy, New York, Mistur hasn't announced what direction he plans to take the school in, although he did praise the university's new building (designed by Weiss/Manfredi,) as evidence of pre-existing...
Moving offices can be a pain, but it’s also an opportunity to take stock of how the company has grown and what it could still become. With this move, we’ve put an emphasis on capturing the culture, or Quartziness, that defines Quartz employees and their work: global, nerdy, creative, and so on...This diary is part of a new obsession at Quartz, also called The Office, which is exploring the future of work, from management structures to the gig economy to distributed workplaces to compensation. — Medium
From mass-scale organizations like WeWork to four year old "digitally native news outlet" Quartz, the questions of what defines work culture in a largely post-manufacturing, perennially fluid global infrastructural era are still being formulated. Quartz is currently asking how "How do you capture...
The largest remaining statue of Lenin in Ukraine was removed from its pedestal in Zaporizhia last week, the latest victim of the Ukrainian ban on Soviet symbols. But how do you go about “de-communising” an almost entirely Stalinist city? — calvertjournal.com
Related stories in the Archinect news:Owen Hatherley on Kiev's struggle with its Soviet architectural heritageOwen Hatherley on the mass housing history of Moscow’s suburbsMoscow skaters reclaiming hidden spaces on top of Soviet-era buildings
the ‘‘disruptive’’ thinking that insists a workplace ought to care not just for your average needs (supplies, potable coffee, a microwave) but for your deepest psychological ones as well has its insidious side. If the new workplace technology makes it impossible to leave work at work, the ‘‘ethonomic’’ thinking behind new workplace design is intended to make it increasingly difficult to separate our work lives from everything else. — nytimes.com
More on the humanities of office design:SelgasCano creates a stunning members-only workspace for ‘creative nomads’New Ways of Designing the Modern WorkspaceArchinect's Lexicon: "Serendipity Machine"Aftershock #2: "Serendipity Machines" and the Future of Workplace DesignWhy Steve Jobs Obsessed...
In Tijuana, another architect is devising a plan to turn the Tijuana River channel into a solar farm that could provide power to as many as 30,000 homes.
Rene Peralta, co-founder of the Tijuana firm Generica and director of an architecture master's program at San Diego's Woodbury University, thinks that his city can transform this unwieldy piece of infrastructure into a renewable energy plant and water-cleaning station. — The Los Angeles Times
February 2016 was the hottest month in several thousand years, so it seems like a good idea to start transforming erstwhile urban heat islands into power-generating rivers. Below, Generica's rendering of the proposed redesigned Tijuana river channel:For more on projects that turn seemingly...
Everyone loves the free samples, kitschy items, and affordable price points of SoCal grocer Trader Joe’s. The one thing that does spark ire about the chain is the small parking lots, which produce equal amounts of anxiety and horn abuse. But the website Strong Towns points out that TJ’s small footprints trickle down to cheaper prices for consumers. — Los Angeles Magazine
If you're not within walking distance of a TJ's (or, if you're just lazy) parking in one of the lots requires the steady nerves of a Zen master and the spatial dexterity of an architect. Whatever method you use to get there, just don't forget your bag, or all of your kitschy sustainability cred...
The daring concept proposes one cantilever on the Cornish mainland and another on the island fortress, where, legend has it, King Arthur was conceived. The two structures stretch out to each other across the void but do not quite meet. — theguardian.com
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