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madmax2

Gov. in collusion with property developers to keep prices high

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here it is in black and white

https://www.redbridge.gov.uk/news/october/development-at-sainsburys-site-ilford/

 

plnning initially refused, then granted on condition that they share in the profits on increased prices. Quite frankly, our government is now using this mechanism to fund themselves and will do all they can to keep prices higher than they should be,

Edited by madmax2

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6 minutes ago, madmax2 said:

here it is in black and white

https://www.redbridge.gov.uk/news/october/development-at-sainsburys-site-ilford/

 

plnning initially refused, then granted on condition that they share in the profits on increased prices. Quite frankly, our government is now using this mechanism to fund themselves and will do all they can to keep prices higher than they should be,

Don't quite agree with what you are saying. The Council is saying the investment in the Elizabeth Line will inflate prices (they are correct it will). They want their share rather that these windfall gains being trousered by speculators who have done fook all to fund Crossrail.

Basically Land Value Capture and I'm all for it.

Same in Manchester where all the carpet baggers are moving in expections of making huge gains from the back of HS2. They get the profit. Us mug taxpayers get the expense. I am sick of paying for infrastructure that is making Londoners and other freeloaders seriously rich.

Edited by @contradevian

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1 minute ago, madmax2 said:

they have skin in the game now. Thats what matters to me..theyre no longer governing, theyre investing.

Theyve skin in tge game as new houses generate council tax.

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28 minutes ago, madmax2 said:

here it is in black and white

https://www.redbridge.gov.uk/news/october/development-at-sainsburys-site-ilford/

 

plnning initially refused, then granted on condition that they share in the profits on increased prices. Quite frankly, our government is now using this mechanism to fund themselves and will do all they can to keep prices higher than they should be,

They have skin in the game via the equity loan for Help to Buy Bail Banks.  I did a Freedom of Information Request Autumn 2016 and the Treasury had made £22m on houses re-sold at a profit compared to -£1m on those re-sold at a loss.

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  • 295 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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