How about a genuinely radical housing policy â a free market
The housing market has been distorted for decades by one government after another. From great waves of council house building in the immediate post-war years, to tax relief on mortgage interest payments, to sell-offs of state housing, to keeping property taxes low, and restrictions on building in the most popular areas, fix has been piled upon fix until a functioning market has just about ceased to exist.
The productivity crisis in the Uk has at its heart the Land Market
The FT's Lead Editorial has a swingeing indictment of the problems facing the UK, which has been forgotten in the charade of our election commentary. The fundamental issue to this is the Land (and Housing) market. We need cheaper homes and a free land market to stimulate enterprise and development and as the FT recognises the only way to do this properly is to introduce a Land Value Tax. The UK productivity crisis is the worst in the developed world and is masking the so called 'jobs miracle'.
China doesnt look so good
House of cards ?
Uk to be 60s retro hellholes
Estate Agents rifling through your drawers
Closing the loopholes that allow people to avoid privately collected fees for state school places...
Daily Mail: Siblings will no longer be given priority for school places as competition grows because of booming population Read more: http://www.dailymail.co.uk/news/article-3041481/Siblings-no-longer-given-priority-school-places-competition-grows-booming-population.
"A spokesman for the council said: 'A lot of people are getting school places then moving miles away, in some cases cashing in on house prices while retaining the school place. Siblings then get priority over children living closer to the school. The consultation was drawn up because parents were getting upset about this.'" What a sad indictment that the de facto private collection of entrance fees for state schools by landlords and house sellers is not challenged. There is more than enough rent in most school areas to be publicly collected and used to fund the school, instead of the poorest working households chipping in for millionaires-only primaries.
I am seeing this myself, anyone who can fog a mirror can borrow !! No checks needed.
Risky mortgages are back on the rise, just months after the Bank of England capped home loans, as bank profit margins are squeezed by a glut of supply and falling housing demand. Figures from the Bank of England published on Wednesday showed that, while mortgages had become less available to borrowers with deposits of 25pc or more, those worth more than 90pc of the propertyâs value had risen for the first time in nine months. Looks like the markets into sucker territory, that's 6 to 18 months before a flat out price collapse, followed by a banking panic and the rest.
UK house price growth hits five-month high in March - RICS
Tick tock tick tock
Albert Edwards, who heads the global strategy team at investment bank SociÃ©tÃ© GÃ©nÃ©rale and is well known for downbeat views, chides the coalition for a legacy of âgrotesquely wide deficitsâ in both the public sector finances and on the UKâs current account â its overall trading position with the rest of the world.