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RichM

The Facade Crumbles...

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Prescott challenges developers accused of hoarding housing land

It's a flurry of activity this week. I picked a bad time to quit amphetamine. The hpc.co.uk think tank in SW8 is working overtime to get the news out fast. Webmaster - another cup of coffee! And this time black, like my men.

The deputy prime minister, John Prescott, yesterday admitted the scale of the problem when he said in some parts of the country the gap between average earnings and house prices was "out of hand".

Commenting on government plans to force developers to reveal the scale of their land banks, he said: "A lot of ruddy builders shout about planning, but find it more profitable to hold on to land in tremendous land banks. They are on to a damn good thing. They blame planning, but I wish they would tell us how much land they have got in the bank."

Not very often you hear a politician use the word "ruddy"...

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Prescott challenges developers accused of hoarding housing land

It's a flurry of activity this week. I picked a bad time to quit amphetamine. The hpc.co.uk think tank in SW8 is working overtime to get the news out fast. Webmaster - another cup of coffee! And this time black, like my men.

Not very often you hear a politician use the word "ruddy"...

Utter PR spin. Wheel out the supposed "man of the people" and guy supposed to keep the Old Labour folk on board. To look like the Government actually cares and of course someone else is to blame.

Of course builders have landbanks, it's like a raw material and you don't want to run out of it. The builders may be guilty of "hoarding" but I doubt that is the root of the housing problems in this country.

Now also, nice landbank when land values are high all helps the balance sheet.

What I can't believe is that the ODPM doesn't know or can't find out the extent of those landbanks.

That information could be regarded as commercially sensitive though, as so much is when the Government is questioned about some of it's contracts. So why should the builders reveal that information?

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what to do? Force them to sell it? Tax it? MAdness, that woudl drive UP the price of new housing! Either that or the develope absorbs it and their profits (and our pensions funds) take another hit.

Labour's management of the economy is like a bunch of blokes with no idea all trying to press down air bubbles in a rubber sheet - push one down and another two pop up to deal with. TAX THEM!

The law of unintended consequences is the hallmark of their economic policies - always has been, always will be (well a little more so than any other party in power!)

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Guest Bart of Darkness
It's a flurry of activity this week. I picked a bad time to quit amphetamine. The hpc.co.uk think tank in SW8 is working overtime to get the news out fast. Webmaster - another cup of coffee! And this time black, like my men.

Surely you can't be serious? ;)

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what to do? Force them to sell it? Tax it? MAdness, that woudl drive UP the price of new housing! Either that or the develope absorbs it and their profits (and our pensions funds) take another hit.

Labour's management of the economy is like a bunch of blokes with no idea all trying to press down air bubbles in a rubber sheet - push one down and another two pop up to deal with. TAX THEM!

Yup, got it in one, what else can a government do but tax... it's the only solution.

As part of the Government’s response to the Kate Barker report on housing, the Chancellor will also be pressing ahead with proposals to tax landowners who sell their land after obtaining planning permission.

At present the value of a piece of undeveloped land can increase tenfold once planning consent is granted but the landowner can keep the profit.

A new tax on development will encourage those builders to utilise those land banks! And the new tax will of course make the new houses on that land cheaper!

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Well what a surprise.. :o .... folks, aparently there is a problem in that average house prices are more than FIVE times earnings. Who would have beleived it, it just crept up on us and we never saw it coming

:blink: . Just as well we have the self procalimed boxing champion of the HoP on our side. Otherwise you would think we would all be cheated by a bunch of self interested scallywags with outdated principles of socialism and zero competence at managing the UKs long term economy.

If the past weeks' press has not made you all realise that we have been f**ked for the past ten years then you must be a millionaire. I will repeat many more times, this makes poll tax seem like a trifle, and if you don't fight back you will suffer in retirement in ways you can't imagine (unpaid health bills, scrimping on food and heating, and a flight of youth from the UK to the US who have already switched to private health, low tax, and savings plans that are self funded (401Ks).

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I do find it odd that the government has no idea how much land is in the "land banks" - surely this should appear on the books under "assets"?

I am no accountant, mind. You wouldn't have guessed it!

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Reverse scale tax charge on unused building land.

Year 1 - 0%

Year 2 - 5%

Year 3 - 10%

Etc.

No immediate increase in the cost of land due to tax, but it would get costly to sit on it.

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Its all part of the plan 'if it isnt taxable or it costing the country lots of money the government bans it, if you can impose fines and make money promote and tax it.'

Fox Hunting - Ban it, its hard to tax

24hr drinking - promote it, you can fine people when they get drunk, you can tax the pubs more, and you get more tax from drinkings, the advantages outweigh the disadvantages of slightly more drunk people, infact the drunk people are more evenly spaced so should put less strain on the NHS..

Smoking - currently taxed, needs more tax and needs to be banned because of the cost to the NHS

Gambling - Promote super casinos as you can tax them, ban fruit machines in chippies as they dont make as much money

Housing - heavily promote ownership to drive up house prices and tax gained, revalue council tax, increase stamp duty in an attempt to revalue the floor price of houses, to stop them crashing too much from the peak...

Driving - Too many cars, dont improve public transport, but tax the problem. The idea for a congestion charge on trains has also been considered. If you get a train at a busy time, you will have to pay an additional congestion charge. So your going to get taxed anyway on the way to work

Id cards - wont help terrorism but that doesnt matter, because we have a new instant tax because people will have to pay for the privelige. But more importantly when everyone has an id card it will be alot simplier to tax the individual.

However this tax should increase supply? If the government (local?) gets a chunk of money wont there be more incentive to grant planning permission?

Edited by moosetea

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And then they spend the cash on schemes that bloody work, like Surestart - well, it might work if they used a bit of common sense. :angry:

Onlyme - that surely makes a lot of sense, doesn't it?

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  • 338 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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