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Started by Gotout on Apr 19, 2018 11:54:37 AM
Could Labour really fix the housing shortage?
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Gotout - 19 Apr 2018 11:55:14 (#1 of 54)

And let's have genuinely affordable houses and not a token gesture!

SheikYerbouti - 19 Apr 2018 11:55:59 (#2 of 54)

More to the point, what will fill the hole in the UK economy once we can't rely on wealth through ever spiraling house prices?

uranrising - 19 Apr 2018 14:09:27 (#3 of 54)

Our brave entrepreneurs, shirley.

thisonehasalittlehat - 19 Apr 2018 14:59:14 (#4 of 54)

No.

SheikYerbouti - 19 Apr 2018 15:00:06 (#5 of 54)

... Ian Paisley, there!

Lento_ - 19 Apr 2018 15:40:11 (#6 of 54)

There's a constant contradiction at play between the widespread view that we have a housing shortage and the widespread desire from home owners for the value of their home to increase.

The only viable solution to the former is to build a large number of new homes, and that will inevitably negatively impact the latter.

AdrianNTierney - 19 Apr 2018 15:45:18 (#7 of 54)

IOW - could the Labour Party perform a successful wank?

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widenation - 19 Apr 2018 15:51:41 (#9 of 54)

Blocks of flats made from hempcrete.

mentranilvavin - 19 Apr 2018 15:51:43 (#10 of 54)

Problem is that solving the housing crisis will require prices to come down considerably, to levels more in line with incomes, as they were in the past when the housing market actually worked for ordinary working people.

But this would screw a lot of people who've bought into the top of the bubble, leaving them in neg equity - probably for life.

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mentranilvavin - 19 Apr 2018 15:54:45 (#12 of 54)

That's pretty much what's starting to happen. Going to be a long wait though.

mingmong - 19 Apr 2018 15:54:56 (#13 of 54)

A tax on empty property and unused land-banks

mingmong - 19 Apr 2018 15:58:16 (#14 of 54)

Not the total solution, obvs. You'd also need a US-style property tax for estates over 500K (partly to incentivise the development of more property below that threshold). Also an additional second home/landlord tax. Some relaxation on brownfield development, and renewed efforts (through infrastructural development) to move more of the economy outside London

mentranilvavin - 19 Apr 2018 15:59:00 (#15 of 54)

How does any of that bring prices back down in line with earnings though?

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AdrianNTierney - 19 Apr 2018 16:00:41 (#17 of 54)

#15 = #7

TommyDGNR8 - 19 Apr 2018 16:02:39 (#18 of 54)

They did it in 1945

More council houses were built under Tory governments than Labour, bizarrely.

Brunothecat - 19 Apr 2018 16:06:10 (#19 of 54)

Yes, it was before they went batshit with imported wacko ideology.

mingmong - 19 Apr 2018 16:09:42 (#20 of 54)

How does any of that bring prices back down in line with earnings though?

Might go some way towards increasing/freeing-up supply where its needed

A more radical strategy would be compulsory purchase of residential property in the Capital held by non-UK citizens, and its conversion into council housing. That might need a bit of cost-benefit analysis, but could potentially free-up substantial amounts of housing for Londoners.

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