Friday, Feb 02, 2018

Too late

Spectator: Tories should imitate – not attack – Jeremy Corbyn’s land policy

Article is a good summary of the inequity and absurdity of planning permission valuations trumping all else. I would say though, that people in general are wise to the idea of "forward guidance" whether central bank or otherwise i.e. you can reduce current prices by setting expectations that future purchases will be compulsory and at lower valuations. Clearly getting planning permission on agricultural land that you own is more akin to a lottery win than anything else. However, I think the Tories are out of time now, even a 4 year phasing in which started 6 years ago too little too late. The next election is 4 years away, it is too late for the incumbent government to fix housing and they will be generationally wiped out imo.

Posted by stillthinking @ 04:35 PM (2551 views) Add Comment

1 Comment

1. mombers said...

The penny really is beginning to drop. Spreading rent seeking to just enough people to get voted in has passed its high tide and it's virtually impossible to arrest the decline in homeownership. Current policies of tolerated and even encouraged unwarranted increases in land prices are not delivering wealth for enough people to sustain them politically.

Friday, February 2, 2018 05:18PM Report Comment
 

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