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Spirit

Win £50K by telling them how to fix the property market!

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http://breakthroughprize.org.uk/

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One of the greatest issues facing the United Kingdom at present is the cost and inaccessibility of housing for young people. Home ownership rates – even amongst middle income earners – have more than halved in the past 20 years, and as prices continue to rise there seems to be little political appetite for real reforms. Those efforts that have been made often bog down in local opposition to new housing projects and the unwillingness of governments of all political stripes to take on entrenched interests.

But how can we have a property-owning democracy without property owners? The Richard Koch Breakthrough Prize is looking for essays to help answer how we can find a new, market-based policy to alleviate the UK’s housing shortage, and to rejuvenate our property owning democracy, while retaining its popularity.

 

Edited by Spirit

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Good find! I am sure there is at least a thousand of such essays floating somewhere on HPC already.

 

 

Edited by Bear Hug

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# Facepalm

They state in the instructions that the problem is a lack of supply vs demand for new houses, neatly demonstrating that they don't understand the problem at all.

The prize money will go to some crackpot idea about building prefab micro houses, meanwhile we all keep on waiting.

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6 minutes ago, Habeas Domus said:

# Facepalm

They state in the instructions that the problem is a lack of supply vs demand for new houses, neatly demonstrating that they don't understand the problem at all.

The prize money will go to some crackpot idea about building prefab micro houses, meanwhile we all keep on waiting.

There is that risk.  Hopefully someone will spell it out for them.  

 

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Free-market (LOL), small-state nutters who don't understand how first-world nations were constructed and are maintained, and whose lives revolve around finding ways to pay less tax fail completely to understand that their much-vaunted deregulation and letting off the leash of the finance sector is the cause of ridiculously unaffordabe housing.

Oh, the the bitter irony.

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13 hours ago, LetsBuild said:

Start essay.

’Raise rates and the market will correct.’

End essay.

True but the nation will still have the same old miserable housing stock.  I think the brief is more ambitious and is looking for answers to how the nation could be better housed and live in dignity etc.  Answers to this are...

More supply

Less demand - ie emigration

Redistribution

...all above opposed vigorously locally and from the centre and as such the human misery continues...

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14 hours ago, Habeas Domus said:

# Facepalm

 

"Be politically possible" is another one of their criteria! That's another reason why sensible responses won't be considered.

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13 hours ago, Bear Hug said:

I just noticed that Jacob Rees-Mogg is on judging panel.  I downgrade my response from "Good find! to "Don't waste your time!!!"

Well yes...the land and property owning classes will conclude that the property market works perfectly well for them.

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Don't vote for Con or Lab......vote for something that is not the same old same old good as useless....vote for a real change.....hey! there is nobody to vote for.....;)

 

Edited by winkie

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  • 301 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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