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£250,000 To Person Who Can Solve Uk Housing Crisis

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http://www.ibtimes.co.uk/articles/522209/20131114/wolfson-economics-prize-uk-housing-crisis-simon.htm

Could you solve the UK housing market crisis through the creation of a new wave of "garden cities" across the country?

There is £250,000 in it if you can. That's the booty on offer if you win the second Wolfson Economics Prize, launched by the Conservative peer and retailer Next's chief executive Baron Wolfson of Aspley Guise and administered by the right-leaning thinktank Policy Exchange. Runners-up could still scoop £10,000.

Entrants must submit their up-to-10,000 word theses ............

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Simple.

Step 1. Outlaw Buy2Let, 2nd homes, third homes, holiday homes.

Step 2. Sit back and watch the economy recover.

Not quite right....No BTL 2nd home + homes, holiday homes bought with borrowed money...cash purchasers only and/or set up a business with a viable business plan, a business account, business insurance, pay business rates and taxes, business interest rates and be acceptable to all the bureaucracy that entails to discourage the sale of property as investments rather than for owner occupier homes. ;)

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1) announce that in two years time owners of building land will have to start paying council tax whether there is a house built on the land or not.

2) draw some circles on a map and tell land owners that these areas have now become building land and if they don't want to be charged millions of pounds in council tax they should get rid of the land PDQ

Edited by gf3

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Seems we have already got the answer we have got to design a garden city which is economically viable.........Ambiguous...........cheap to build or a community that is economically sustainable?

My guess is cutting corners on costs....a preponderance of flats and town houses, no gardens etc. etc.

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Swinging Georgist LVT to make large land users pay for their monopoly. Massive garden cities to the sky maybe. Mile high garden towers, with parks, shops, recreation areas along with living accommodation.

Towers04a1.jpg

Edited by aSecureTenant

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Swinging Georgist LVT to make large land users pay for their monopoly. Massive garden cities to the sky maybe. Mile high garden towers, with parks, shops, recreation areas along with living accommodation.

Towers04a1.jpg

Fire safety could be a real problem.

Also a plane could hit it and knock it down into its own footprint.

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Seems we have already got the answer we have got to design a garden city which is economically viable.........Ambiguous...........cheap to build or a community that is economically sustainable?

My guess is cutting corners on costs....a preponderance of flats and town houses, no gardens etc. etc.

Yes because just getting out of the way and letting people sort things out themselves would never work would it? I mean look at the mess those medieval peasants made, all those Cotswold villages are such eyesores and so impractical for living in. If only they had had central planners organising them into big developments they could have been so much better.

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Simple.

Step 1. Outlaw Buy2Let, 2nd homes, third homes, holiday homes.

Step 2. Sit back and watch the economy recover.

no need to outlaw it,in fact that would be the "communist" solution to it.

.....but an appropriate level of taxation,escalating with multiple properties...not tax breaks IS needed.

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1. Implement 100% tax on the rental value of all land.

2. Abolish all other taxes.

3. Abolish all planning restrictions.

Do I win?

no.

point 3 epic fail.(but might succeed because of unintended consequences)

if we allow every blade of grass to be concreted over, we lose food security.

..if hostilities break out elsewhere and we can't feed ourselves then you will see mass starvation....interestingly this could be construed as another way to cure the housing crisis.

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no.

if we allow every blade of grass to be concreted over, we lose food security.

..if hostilities break out elsewhere and we can't feed ourselves then you will see mass starvation....interestingly this could be construed as another way to cure the housing crisis.

Surely the market can sort that out?

And you will be able to grow food in my Garden City towers.

Edited by aSecureTenant

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Swinging Georgist LVT to make large land users pay for their monopoly. Massive garden cities to the sky maybe. Mile high garden towers, with parks, shops, recreation areas along with living accommodation.

Towers04a1.jpg

Who needs architects living on unusual names.

ant_hill.png

Edited by billybong

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Wolfson Economics Prize Offers £250,000 to Person Who Can Solve UK Housing Crisis

...

Simon Wolfson, a Conservative peer, has launched the second Wolfson Economics Prize on tackling the UK housing crisis with garden cities (Reuters)

Could you solve the UK housing market crisis through the creation of a new wave of "garden cities" across the country?

There is £250,000 in it if you can. That's the booty on offer if you win the second Wolfson Economics Prize, launched by the Conservative peer and retailer Next's chief executive Baron Wolfson of Aspley Guise and administered by the right-leaning thinktank Policy Exchange. Runners-up could still scoop £10,000.

Entrants must submit their up-to-10,000 word theses on the question: "How would you deliver a new Garden City which is visionary, economically viable, and popular?"

The headline is quite different to the actual title of the competition.

The headline seems to pretend that solving the UK housing crisis is extremely difficult and almost beyond human capacity. As if the UK politicians have an impossible task - i.e therefore house prices will always go up - as if it's not the politicians (or the bankers for that matter) fault.

Implying that there's no alternative to hugely increased population, more out of control people imports, crazy economic policies for votes and more out of control lending etc.

Washing their hands of responsibility.

So that's the first misleading message that the article seems intent on broadcasting.

The actual competition problem being set seems to be mainly one of location and architectural planning and design. It says "A" garden city implying just one so it would indeed be like an ant hill to accommodate the extra millions. Central London would be suitable and where the "City" is located would be ideal.

The City should welcome it there if extra population numbers are so good for the economy.

They used to claim "visionary, economically viable, and popular" etc for Milton Keynes so likely the UK will end up with more of those.

It sounds like they've already decided to build more "garden cities".

Edited by billybong

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I would enter, but my city would have lots of 12 lane expressways and triple garages and everyone not on benefits would have a large detached house with garden. Those on benefits would live underground. I suppose that's not politically correct nowadays.

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