devaluation Posted December 24, 2005 Share Posted December 24, 2005 Would be buyers with something of a deposit should be getting behind the movement for radical changes to remove planning restrictions. This opportunity has been largely overlooked by the masses who have not been able to get their minds around the consequences. The advantages are 1. Greater tax take on release of land 2. Greater council tax take from increase in property numbers 3. Greater provision of affordable housing The only downside (for some) is general reduction in house prices Clearly the only losers are the property investors. It really should not be difficult for the would-be FTB to help push this new legislation through. Suppport Prescott for once. Plus apply pressure for higher quality larger homes - which will go down well. Remeber it is better to pay an extra 20% in tax than an extra 100% in property investor profit The property investors will play the ' we should not concrete over our countryside' card, but this is so weak when the statistics of land use are analysed. HPCers should all suppport the changes is legislaton. I would appreciate comments from those wishing to see a 40% reduction in prices over the next 2 years!! Quote Link to comment Share on other sites More sharing options...
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