It's utterly mental how much space is being given over to student accomodation in the city centre. Again, like the main Phase 2 building of the UU on the corner across from Belfast telegraph, the scale of all these buildings are just ginormous!
As I have clashed with BUG on before, I do feel we've reached a "enough!" point with Office space, and certainly once these bad boys are finished I hope we don't see any more student accomodation - after all how can it still be viable yet apartments which are worth many zeroes and £ signs be less 'worth it'?
This area needs more life around it - This should add some which will be good. Will be fascinating to see the effect it has
^^ I take you're point but its not about whether they are 'less worth' it, there is demand for apartments out there its more about who can fund the building.
Student accommodation and hotels are backed by large often external companies. Whereas apartments are funded - more likely - by local developers who would need backing from the banks. Local developers and local banks who got right royally screwed (with quite a bit of schadenfreude on my part) in the crisis.
Although that seems to have passed i'd expect more apartment projects to progress.
If you watch the ever energetic Keiser Report there definitely is some correction on the cards. It hopefully will occur under the neoliberal hand of current governments so that the lie it was anything other than banking, speculation, and big business that were the cause of our ills will be blown up. (#NoItWasAllThatDamnSocialism)
On a downside, it'll mean actual real pain because now there ain't no Central banks left to protect us with bail outs and some form of "World Money" will need to be created from the World Bank. The debts for social schemes were always sustainable and part of a cycle of growth and plateau - it is "quantitative easing" which is the ice berg damage below the waterline. The handouts to the creditors when it should have gone to the debtors - Imagine what could have happened if those shady debts you were sold were all cancelled? The economic stimulus would have been unimaginable. And banks would have got their just desserts. Including PWC and KPMG by the way - whom Private Eye constantly reminds us were intimately involved in the last crash.... part of the reason I fail to be joyed to hear they're moving into the Soloist...
As it is we're on a collision course with another iceberg - binoculars locked up but tea and crumpets being served judiciously to the captain and lookouts, while the 3rd class passengers march the plank being blamed for hitting the first iceberg...
What I'd have liked to see before the next Crash was more apartments so that this time, when it does go to crap, at least you'll have people in the city centre - because this time debts will have to be forgiven, and when a lot of stores and shops close, the only thing remaining is people, community, and pubs. We're going to need all three a heck of a lot more than office spaces and retail banks who inevitably screwed us twice over..
It's hard to remain apolitical in talking about buildings because as we've seen recently, *Everything* is related to politics, which is related to how we live and how we want our cities to be.
The area was always a bit of a dangerous hole (what with the Cheers Pub. and the desolation), not the sort of place to walk around at night. So glad that the development in the area has helped to lessen this.
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