Timak, on 31 March 2011 - 09:17 AM, said:
As others have said this is simply a scheme whereby publicly held land is handed over to private interests at knocked down prices. If it were privately owned land being released into the planning system at knock down prices I'd fully support it.
And why is it given to "developers" to build identikit housing?
If those 400 plots were given to the public to bid on then more money would be raised. I'd buy one. I'd love to build my own home and would stimulate the economy far more as local architects, builders and tradesmen would be used.
Its not mentioned, but I feel sure this will include vast residential and Commercial land banks owned by Lloyds.
The government should set up a Development Trust for First Time Buyer's.
Allowing just One FTB to buy just one plot of land, from Lloyds Land bank, for a vastly reduced rate, [60% off current land values.]
With the caveat that each FTB must take a mortgage from Lloyds, to build a house on their plot.
The Trust could include a clause which states that FTB'er's cannot sell the land/house for ten years.
And then only back to the Development Trust for a fair market value.
Development Trust Land: £200k
Present Open Market Value: £250k
**FTB pays a 60% reduction on the land value: Borrows £130k from Lloyds. [£80k for land £50k for house.]
It's a simple enough concept. Sell FTB land cheaply. [But do not allow FTB to sell it onto anyone else for ten years.]
It would spread the pain of deficit reduction more equally, between those who own property and those who do not, whilst still allowing the government to gradually let the air out of the housing bubble.
[House Prices were fraudulently manipulated to rise threefold over ten years]
[Everyone already knows that for houses to become affordable once again, a 50% + crash, must occur, but it seems they intend to draw it out over ten years. Stochastically speaking, the ten year cycle seems likely.]
It would bring equality back to the housing market. First Time Buyers would not have to spend the next ten years working for nothing. No Capital.
Housebuilding Industry would love it.
Lloyds cannot sell their land anyway. [And this solution would be much 'fairer' and preferable to the millions of Lloyds shareholders, than governments plans to give away Lloyds shares for free indiscriminantly.]
In one fell swoop the Coalition would win 2 million plus FTB votes. And it would not affect homeowners as much as an outright crash would.
There are historical precedents for states giving away land, or selling it cheaply, to their citizens, for different reasons, in a number of countries, throughout history.
THATS RADICAL REFORM SHAPPS YOU TWIT
. ALL YOU ARE DOING IS REARRANGING THE DECKCHAIRS.
This is one of a hundred solutions the government could implement.
The truth is that they could help FTB if they wanted to. And If they choose not to help us.
Thats 2-3 million FTB votes that The 'LibConLabour' corporate-ocratic government should lose.
Dont vote for any of them in 2015
This post has been edited by Dan1: 31 March 2011 - 02:07 PM