maomao
普費斯
Absolutely. We were promised sure fire vote winners though.
The 2019 General Election
- Thread starter brogdale
- Start date
FridgeMagnet
Administrator
It would be much more significant in the London area as that's where the prices are the most inflated.
FridgeMagnet
Administrator
Labour certainly won't be talking about it and, for reasons I've mentioned above, the Tories won't either.
Loads of southerners up here living in rural mansions after no doubt cashing in on their London commuter belt house/s.
SpookyFrank
A cheap source of teeth for aquarium gravel
Brexit could easily cause a property crash. If offshore capital no longer thinks that luxury flats in London or Manchester are a good place to piggybank cash, that could be a lot of money disappearing from the system more or less overnight. This is one of the reasons I'm ambivalent on the whole leave/remain thing.
There was a crash in 2007, which many parts of the country haven't recovered from yet.
Artaxerxes
Look out, he's got a gnu!
This somewhat brutal.
Artaxerxes
Look out, he's got a gnu!
And property and home debt was protected thoroughly.
Though I feel we have long reached the point where the defict between homes needed and homes actually in existence is such that there is no possible way to reduce housing costs to manageable levels. There just aren't enough empty properties.
FridgeMagnet
Administrator
Property crashes are one potentially good thing about Brexit, though given the Tories, if they were in control I'd assume they'd find some way to keep prices as they are.
who's property & home debt? Mine wasn't. I sold the house I bought in 2006 last year for £10,000 less than I paid for it.
I mentioned tax breaks, or 100% forgiven tax on selected building projects, but only with agreement as to maximum sales and rental prices. Add council house building with no possibility of sale, and that's more cheap rents.
These cheap houses would force other rentals down because buy to let landlords would have no choice, and they'd probably go under bit by bit. That means even more downward pressure on house prices as they sold up. The only thing the tories could moan about is estate agents and greedy landlords that made the housing market go mad losing their businesses, and who likes that bunch?
The tories would be arguing for high rent and house prices, so shooting themselves in the foot. They aren't that idiotic as to complain, and involving private builders means they can't moan about projects and public without saying capitalism is bad and .. err, what public spending?
They could moan on about lost tax revenue, but tax that would never have been taken isn't lost.
However, the goal of cheap housing is realised.
Artaxerxes
Look out, he's got a gnu!
The banks mainly.
SpookyFrank
A cheap source of teeth for aquarium gravel
They might be in power, doesn't mean they're in control.
SpookyFrank
A cheap source of teeth for aquarium gravel
I've long thought we need a housing policy thread around here, just never got around to starting one.
FridgeMagnet
Administrator
There are an enormous number of empty properties though. It's the pricing and distribution that is the big issue.
Eg Number of empty homes in England rises to more than 216,000 - ignore the nonsense quotes by the survey starters as they are a construction company
FridgeMagnet
Administrator
No, and they would probably fuck it. It's always been one of the "potential pluses of Brexit" for me.
Artaxerxes
Look out, he's got a gnu!
There are an enormous number of empty properties though. It's the pricing and distribution that is the big issue.
Eg Number of empty homes in England rises to more than 216,000 - ignore the nonsense quotes by the survey starters as they are a construction company
Which is less than a year's supply.
We are in a 30 year defict of housing, not enough have been built for years and we are fucked.
Not helped by many low value empty homes being where there's no work and to many industries focused in London.
A good policy, but private builders under strict pricing rules will mean less public spending and builders will love the massive boost in work, something the tories will have no answer to.
Cheap housing as a popular, vote winning policy, supported by the building industry who stand to gain in big ways, and shitall the tories can say against it.
Artaxerxes
Look out, he's got a gnu!
Building homes is not a vote winner sadly because while everyone wants more they also don't want them built anywhere near them.
"There's no room"
"Think of the green belt'
"I paid 300k for my house and more houses will lower the selling price"
"There's no services here as it is, we're not made of doctors"
It's no supply at all because people can't afford the idiotic prices. The problem, as was said in the post you quoted, is pricing.
The solution to the housing crisis is fucking over estate agents and cheap building and cheap rents by contract does exactly that.
SpookyFrank
A cheap source of teeth for aquarium gravel
Also the houses built are almost universally bad, and in poorly planned estates.
Saw a new development that's going up near me the other day. It's called Rivendell, because just like the magical Elven city from Lord of the Rings it's nestled between an industrial estate, a sewage works and a dual carriageway. And it's on a flood plain.
True, hence using brownfield sites. Many old business areas still have very good roads, so more costs saved.
Louis MacNeice
Autumn Journalist
You still haven't addressed where the money to buy these homes is coming from; remember these are to be homes that those on low incomes (including those on social security?) can afford? Why are you so willing to effectively get the poor (the potential target home owners) to pay the affluent developers (alongside your promised tax breaks) to make homes that local authorities could provide and maintain for less?
You seem to want to appease pro-marketeers regarding the market's fitness to provide housing to everybody; a fitness which has been demonstrably lacking at least since the industrial revolution...it can't do it and it hasn't done it which is why we have had council/social housing and various forms of rent controls. You are putting much too much effort into not upsetting 'the tories' and missing the bigger prize of actually using capital 'sensibly' - i.e. cheaply and accountably - to provide the thing you claim to want; homes that meet people's needs, that they are secure in and that they can afford.
Cheers - Louis MacNeice
FridgeMagnet
Administrator
They're all ripoff leasehold deals as well.
Artaxerxes
Look out, he's got a gnu!
Also highly contaminated.
Artaxerxes
Look out, he's got a gnu!
Oh god yes, leasehold can fuck right off.
SpookyFrank
A cheap source of teeth for aquarium gravel
Wouldn't surprise me. Round here you can always get a much nicer terraced house in an actual neighbourhood with bus stops and shops and stuff for less money than a new build on the edge of a shit suburb.
Louis MacNeice
Autumn Journalist
Estate agents are not responsible for house prices. Think about what happened to the availability of credit and council housing between 1979 and now? Both of these have had a far greater impact than the desire of estate agents to make a bob or two.
Cheers - Louis MacNeice
So homeowners will get hammered?
Between council house building and contracted low cost private building, there will be lots of homes available for all groups.
The beauty of using developers is zero public spending for those houses, and screwing up any arguments the tories can use against it.
Money for home owners to buy a house comes from the usual places, banks and so on, exactly as it does now, but the houses would be far cheaper and the sales contract would mean the buyer couldn't resell for a quick profit.
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