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Local Authorities Gift Land To Builders..

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Ah - nice for them. As others have noted in the comments - they are already sitting on huge land banks that they are refusing to build on - because to sell they would have to drop the prices to reasonable levels. So now local councils are gifting them land instead. :rolleyes:

Scotsman

Just what exactly were this lot doing during the boom ? How did they manage to end up with huge debt after this period ?! They would have had land banks bought for decades before, were throwing up quickly built houses for ~£50k (Heard that hear before somewhere) then selling them for 200k.

How did they manage to lose money ?

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Just more proof that many in local govt havent got a clue about the real world.

:D

I'm thinking the exact opposite. Perhaps they have too much of a clue about the _real_ world or you could say, the _are_ the real world. What do you know of the connections between those council employees and the builders?

Edited by _w_

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Industry sources have confirmed that a local authority in Scotland has agreed to sell land to a housebuilder for the nominal price of £1 in exchange for £19,000 for each property sold.

So, not free at all really? Just not money upfront

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Allan Lundmark, director of planning and communications for industry body Homes for Scotland, said:

"Property has fallen as much as 90 per cent from 2007 pre-crash values."

Really? Wheres that then?

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He said the scheme should appeal to banks such as Lloyds Banking Group left holding vast tracts of residential and commercial land banks following the collapse of several housebuilders and developers during the recession
.

The Government should seize this land from Lloyds.

Then set up a Development Trust for FTB'ers.

Then sell one plot of land to each FTB'er, for a vastly reduced rate, [say 55%- 60% off current land values.]

[With the caveat that we borrow from Lloyds, to build a house on the plot.]

[They could even 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. And the Development Trust must sell onto another FTBer. That way the land remains as 'affordable']

A Much Fairer democratic balance, and more equal spread of deficit reduction, than stealing FTB'ers money to bail out Lloyds, to pay to keep 'everyone else's' property massively overinflated, ensuring FTB'ers can never afford their own property, and remain in 'debt slavery'

Are you listening Vince?

Problem solved. 2 Million 'priced out' voters love you. Building industry kickstarted.

And You've won the moral high ground. You've put the people's interest's above the banksters.

Edited by Dan1

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I know of one member of Cambridge's Planning Dept who saw their bosses being taken out for dinner to discuss applications by a supermarket for just one example. ;)

My local district council's planning department is staffed by VIs, they allow for some of the most obviously floored developments to go ahead.

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So, not free at all really? Just not money upfront

But just how long, on average, do builders hold onto land banks ? And just how much is £19k going to drop in real terms over the next 10-30 years the land will sit there doing ****** all until they decide to build on it ?

Not that I am cynical or anything. However if these councils were REALLY wanting to help out people then there are far more better options they could put in place. A few already mentioned on here and also on the regeneration thread.

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But just how long, on average, do builders hold onto land banks ? And just how much is £19k going to drop in real terms over the next 10-30 years the land will sit there doing ****** all until they decide to build on it ?

true, you'd want a % cut

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true, you'd want a % cut

Exactly. Which makes you think if they have made this agreement for a set amount (Which we have no reason to disbelieve) then they are, IMO, either:

(1) Completely stupid

(2) On the take.

Either way it is not good.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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