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Executive Sadman

Shapps, The Numbers Dont Add Up

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http://www.guardian.co.uk/housing-network/2011/jun/08/new-homes-built-on-surplus-land

Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs.

Thats £100k PER PLOT!!

Before a brick has even been laid!!!

Where is this land? Central london?

£10k per plot you might be selling something people can actually afford a mortgage on.

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I mean why the feck is it so difficult for govt to reduce the sums

They were throwing these up for £50k in the mid 90s, and making a profit.

http://www.rightmove.co.uk/property-for-sale/new-homes/property-29962573.html

Now they want £110k, i'll bet if land prices were reasonable, they could sell for £75k (where prices should be, based on wages)

£100k for a plot of land, yeah right. Only if its at least 1/2 an acre.

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Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage national debt. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs.

fixed

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http://www.guardian.co.uk/housing-network/2011/jun/08/new-homes-built-on-surplus-land

Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs.

Thats £100k PER PLOT!!

Before a brick has even been laid!!!

Where is this land? Central london?

£10k per plot you might be selling something people can actually afford a mortgage on.

May well be fair value. 75+% of the cost of a house is the land it stands on.

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http://www.guardian.co.uk/housing-network/2011/jun/08/new-homes-built-on-surplus-land

Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs.

Thats £100k PER PLOT!!

Before a brick has even been laid!!!

Where is this land? Central london?

£10k per plot you might be selling something people can actually afford a mortgage on.

That assumes all the land is houses though, which it won't be. Some will go for roads, parking areas, communal facilities etc.

Still seems high though!

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http://www.guardian.co.uk/housing-network/2011/jun/08/new-homes-built-on-surplus-land

Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs.

Thats £100k PER PLOT!!

Before a brick has even been laid!!!

Where is this land? Central london?

£10k per plot you might be selling something people can actually afford a mortgage on.

What will he do?

Is he going to sell this land off to the highest bidder, for the benefit of taxpayers, or instead give it away at a super low cost?

Lets hope he does the right thing and auction it off for the highest price. Presumably it will come with planning permission? If he doesnt ask for full market value, then someone somewhere is going to make a big profit out of it at the taxpayers expense. The house builders will do what they can to grab that profit. And if they cant get it, then the housing associations are waiting in the wings. They are the greatest evil in UK housing today and any sensible housing minister would abolish them at a stroke. Instead, expect them to snap up a few bargains with the help of more taxpayers money, then rent them out to the 'needy', all on HB of course, with their super cheap loans, and in so doing make a huge profit eaten up by the directors in the form of wages. What a pig swilling frenzy that would be.

No we have to hope that Grant does the right thing here, and sell at full market value, via an auction, and let the supply increase alone cause prices to drop.

But none of this will help long term if we dont get to grips with immigration.

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Further down the M11 theres Harlow North which is going to be a much larger development some 25k new properties the size of St Albans crammed into a very small space some of it at a density of 40 dwellings per hectare.

http://www.northharlow.com/websitefiles/east-herts-mailing-flyer-260810.pdf

Is there not something with, at least, a bit of information in it?

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What will he do?

Is he going to sell this land off to the highest bidder, for the benefit of taxpayers, or instead give it away at a super low cost?

He is going to give it to his friends the housebuilders and then take the money back when they sell a house. So it's an interest free loan paid for by taxpayers supporting housebuilders so they don't have to drop their prices. It's our money being used against us as usual.

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Thanks.

Harlow is a Sh*t hole. Can't see what the fuss is about

tim

Indeed. At least Northants dumps are cheap (relatively speaking)

Ive been to Stevenage and Harlow and honestly cant see why anyone would pay over £100k to live there. Let alone £3-400k.

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They should only sell it on condition that all future sales are subject to 100% Capital Gains Tax.

That have something similar in HK, in that village homes on ancestral land have special tax priviledges i.e. there is no tax on building it, and there is no council tax if you live in it. However if you sell within 15 years all the back taxes and the building tax when it first went up is payable EVEN if you make a loss. As these homes are to encourage people to live in them.

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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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