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For those who are new here:

http://en.wikipedia.org/wiki/Railway_Mania

"Railway Mania was an instance of speculative frenzy in Britain in the 1840s"

"The Bank of England cut interest rates,"

"and existing railway companies' shares began to boom "

" a prospective railway company had (on top of these sources) a large, literate section of population with savings to invest"

" In 1825 the government had repealed the Bubble Act, brought in after the near-disastrous South Sea Bubble "

"The railways were so heavily promoted as a foolproof venture that thousands of investors on modest incomes bought large numbers of shares whilst only being able to afford the deposit."

"The British government promoted an almost totally 'laissez-faire' system of non-regulation in the railways."

"As with other bubbles, the Railway Mania became a self-promoting cycle based purely on over-optimistic speculation."

" in late 1845 the Bank of England put up interest rates"

" The share prices of railways slowed in their rise, then levelled out. As they began to fall, investment stopped virtually overnight, leaving numerous companies without funding and numerous investors with no prospect of any return on their investment."

"Many middle class families on modest (but comfortable) incomes had sunk their entire savings into new companies during the Mania, and lost everything when the speculation collapsed."

There is no mention of the "bank holiday" where some of the banks closed and didn't re-open, nor is there any mention of the 2nd stage of the bubble which was allowed to happen even after the first bubble collapsed.

Sound familiar ?

Caveat Emptor.

Edited by TheCountOfNowhere

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Railways are complex things that are fairly difficult to plan and build.

Home are not complex or difficult to build. The ONLY thing that stops houses being built is the laws that the government control - nothing else.

Since there is a housing crisis (for the last decade), if anyone age a toss they could bring in emergency measures such as you can pretty much build where you like as long as it's within 1/2 mile of an existing town. The bubble would be gone within 6 months.

The truth is that the government and BOE want to keep houses unaffordable so you have to rent from them. They do not want you to own houses outright as the banks wish to collect interest.

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Railways are complex things that are fairly difficult to plan and build.

Home are not complex or difficult to build. The ONLY thing that stops houses being built is the laws that the government control - nothing else.

Since there is a housing crisis (for the last decade), if anyone age a toss they could bring in emergency measures such as you can pretty much build where you like as long as it's within 1/2 mile of an existing town. The bubble would be gone within 6 months.

The truth is that the government and BOE want to keep houses unaffordable so you have to rent from them. They do not want you to own houses outright as the banks wish to collect interest.

I agree with building more homes but really ? In a land where The Sun sells 4 million copies, The Beckhams are constant front page news and people who have no money buy presents for a baby born into a family of millionaires because he will be a future king.

Unfortunately the people have to be protected from themselves. HPCer's like other groups are quite a select group in intellect terms for a start they are not the norm.

There is inherently nothing wrong with planning in any sphere intelligently applied

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Railways are complex things that are fairly difficult to plan and build.

Home are not complex or difficult to build. The ONLY thing that stops houses being built is the laws that the government control - nothing else.

Since there is a housing crisis (for the last decade), if anyone age a toss they could bring in emergency measures such as you can pretty much build where you like as long as it's within 1/2 mile of an existing town. The bubble would be gone within 6 months.

The truth is that the government and BOE want to keep houses unaffordable so you have to rent from them. They do not want you to own houses outright as the banks wish to collect interest.

The infrastructure to support housing is as complex as railways.

All those people sleeping at the side of the streets really does show what a housing crisis we really have in this country!!!

Unfortunately what the government/BoE wants and what they get is not always in their control.

Edited by TheCountOfNowhere

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I agree with building more homes but really ? In a land where The Sun sells 4 million copies, The Beckhams are constant front page news and people who have no money buy presents for a baby born into a family of millionaires because he will be a future king.

Unfortunately the people have to be protected from themselves. HPCer's like other groups are quite a select group in intellect terms for a start they are not the norm.

There is inherently nothing wrong with planning in any sphere intelligently applied

How about everyone has the right to build a house on a plot of land they own on which no dwelling currently exists, building regs still apply for the protection of idiots, planning permission must still be sort to subdivide land and thus create new plots, and a 100% tax to be placed on any profits from a sale within (say) 10 yrs of completion to discourage speculation and encourage owner occupation?

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How about everyone has the right to build a house on a plot of land they own on which no dwelling currently exists, building regs still apply for the protection of idiots, planning permission must still be sort to subdivide land and thus create new plots, and a 100% tax to be placed on any profits from a sale within (say) 10 yrs of completion to discourage speculation and encourage owner occupation?

I am certain this will happen.

http://www.telegraph.co.uk/earth/hands-off-our-land/8754027/Conservatives-given-millions-by-property-developers.html

The Conservative Party has received millions of pounds in donations from developers who stand to benefit from the Government’s controversial planning reforms, The Daily Telegraph can disclose.

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I am certain this will happen.

http://www.telegraph.co.uk/earth/hands-off-our-land/8754027/Conservatives-given-millions-by-property-developers.html

The Conservative Party has received millions of pounds in donations from developers who stand to benefit from the Government’s controversial planning reforms, The Daily Telegraph can disclose.

That's sort of the opposite to the non-commercial right to self-build I was proposing though as it seems more likely to result in less restriction on mass commercial builds and no change (or further restrictions, the developers would probably like that) on self-build. In fact this is already the system we have where planning permission actively favours high density slave box estates constructed for profit but heavily penalises would be owner-occupier self-builders often denying planning permission outright or requiring much much higher standards and restrictions than for the equivalent commercial new build.

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How about everyone has the right to build a house on a plot of land they own on which no dwelling currently exists, building regs still apply for the protection of idiots, planning permission must still be sort to subdivide land and thus create new plots, and a 100% tax to be placed on any profits from a sale within (say) 10 yrs of completion to discourage speculation and encourage owner occupation?

Too sensible !! Seems like a great plan !

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The infrastructure to support housing is as complex as railways.

I disagree, look at the infrastructure supporting the houses in Ireland. they have no public sewerage system, and many areas have their own private water system.

Roads can be put in cheaply - skip streetlights etc, THIS IS A CRISIS no time for fannying around, get those prisoners ready with their shovel and order up come concrete - lets go!

Why not start be allowing people to live on their own land in 'temporary' dwellings? One tiny change to the law - maximum 1 per 5 acres.

there are hundreds of things they could do to improve the housing market, but funny enough EVERYTHING they do is to restrict supply and push up prices.

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The infrastructure to support housing is as complex as railways.

All those people sleeping at the side of the streets really does show what a housing crisis we really have in this country!!!

Unfortunately what the government/BoE wants and what they get is not always in their control.

My idea was this:

All local councils are required to provide building plots with planning permission (and services - water, sewerage, etc) for sale at a rate of 1 per 100 population.

The cost would be fixed at 10 year's council tax for the property to be built (so bigger plots would cost more in proportion).

Priority would go to those signing up for at least 5 year's owner occupation, who did not already own a house, then existing homeowners, then build-to-sell/rent. People could apply to build for renting out but would always be lower priority (so if there was a surplus of plots, you could build 'on-spec). There would be a time limit for completion as well.

Edited by fluffy666

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