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whitemice posted a topic in House prices and the economyExcuse my naivety, but (in these times of austerity) local councils always seem to be needing more money for social care, pensions, etc. What is stopping them from buying some scrap land, granting planning permission and then selling the land at a huge profit? Profits would go to reducing the council tax bills for everyone. My rough calculations (yours may differ) indicate that this would knock of somewhere in the order of £100 per new house. This would be more in areas with higher housing need. More houses + lower tax, surely a vote winner?