No smilies, no avatars, no flashing gifs. Just discuss the issues of the day, from last night's telly via football to science or philosophy.
Started by Gotout on Apr 19, 2018 11:54:37 AM
Could Labour really fix the housing shortage?
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?

Post by deleted user
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.

Post by deleted user
mingmong - 19 Apr 2018 16:21:41 (#22 of 54)

I will try and reeducate myself, TRaney, so I can only think of policies that hurt the weakest 20% in future

thisonehasalittlehat - 19 Apr 2018 16:23:08 (#23 of 54)

High inflation would fix the hosting market. It would make borrowing expensive reducing the demand that drives up prices and lead to wage inflation allowing wages to catch up with prices. Innit.

thisonehasalittlehat - 19 Apr 2018 16:23:50 (#24 of 54)

Alternatively: depopulation

mingmong - 19 Apr 2018 16:24:46 (#25 of 54)

I don't know why my idea of Black Death was so unpopular.

At least it isn't focussed on any convenient target groups

rgtstoppedcounting - 19 Apr 2018 16:26:33 (#26 of 54)

But this would screw a lot of people

Not overnight though, plenty of time to adjust.

SheikYerbouti - 19 Apr 2018 16:46:02 (#27 of 54)

A rapid fall in house prices will screw a lot of people, but a few years of stagnation wouldn't. That's probably the best we can hope for.

Gotout - 19 Apr 2018 16:51:29 (#28 of 54)

A more radical strategy would be compulsory purchase of residential property in the Capital held by non-UK citizens

Not only property but land throughout the country which has been bought up by shell companies as 'investments'. Let's also have councils given low cost loans and allowed to build council houses which are owned and controlled by local authorities and not some pseudo charity.

rgtstoppedcounting - 19 Apr 2018 16:53:11 (#29 of 54)

Chuck out the forrins!

Post by deleted user
Gotout - 19 Apr 2018 17:05:55 (#31 of 54)

Chuck out the forrins!

If that means the Russian billionaires who use questionable money to buy up mansions which are then uninhabited then you might have a point.

TheVoiceOfReason - 19 Apr 2018 17:06:42 (#32 of 54)

They did it in 1945, could they do it again?

Do we really want mass clearances of existing communities, countryside concreted over for New Towns and lots of shoddy tower blocks built? Maybe we do.

Check Subscriptions
|
Home » Politics