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dryrot

The proposal that could solve the UK’s housing crisis... CAPX

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hi

 

https://capx.co/the-proposal-that-could-solve-the-uks-housing-crisis/?omhide=true&utm_source=CapX+briefing&utm_campaign=23dadcc906-EMAIL_CAMPAIGN_2017_07_17_COPY_01&utm_medium=email&utm_term=0_b5017135a0-23dadcc906-241824445

Did any of the HPC Massiv enter? :)

"This week on CapX we are publishing the winning entry and the runners-up for the Institute of Economic Affairs Breakthrough Prize. The prize, supported by entrepreneur Richard Koch, sought ideas for a “free market breakthrough” policy to solve the UK housing crisis. This year’s winner is Ben Clements, an analyst based in London, who proposed a new Land Purchase Act to free up land for people to build their own homes."

[..]

"This essay proposes the “Land Purchase Act”: a market-based policy that makes swathes of land available for people to build homes according to their own choice and preference. This policy has the potential to not only alleviate many of the problems in housing, but also serve as an example of what market-based policies could achieve for the wider housing market."

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Seems Ben assumes TPTB want to solve the 'housing crisis'...naive.  This will never see the light of day, it threatens the wealth of TPTB and the control they enjoy over the populace.

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Five minutes ago the CapX lunatics were arguing there wasn't a housing shortage in the UK. Now they acknowledge that there is a UK housing shortage, and that mass immigration is partially responsible for it!

As for their 'free market' proposal? It's just another variant of Right to Buy but with the cost of public land discounted rather than the cost of public property. Once sold these houses would be immediately flipped for profit. To my knowledge the privatisation of council housing stock has never succeeded in arresting local house price inflation wherever it's been adopted. Perhaps the proposal's greatest shortcoming is that it fails to address or even consider the issue of leverage in the private sector. Sustainable recovery is de facto impossible when private sector debt is 170% of GDP.

 

Edited by zugzwang

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I remember this contest being announced, and it was clear from the outset that there were only interested in a very narrow set of answers - basically some variation of privatising council homes and/or ending planning laws.  That’s what ‘free market’ is code for, sadly.

I considered proposing an actual free-market for land as the solution to the problem, but it was obviously just going to be a massive waste of time.

We know the real answers anyway: banking reform, land value taxes and more council housing, but they’d never want to hear that.

 

Edited by BorrowToLeech

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All 'idea of the month' competitions suffer from the winner being who handed in a entry which happened to match the winning ideal.

That said, the idea of allowing individuals to self build strikese as a good one as it's harder for nimby types to object to this. Its more accepted to object to the idea of a corporate profit focussed housebuilding building near you than individual humans wanting to live somewhere.

TPTB won't like it as it promotes individuals over corporate interests.

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18 hours ago, dryrot said:

hi

 

https://capx.co/the-proposal-that-could-solve-the-uks-housing-crisis/?omhide=true&utm_source=CapX+briefing&utm_campaign=23dadcc906-EMAIL_CAMPAIGN_2017_07_17_COPY_01&utm_medium=email&utm_term=0_b5017135a0-23dadcc906-241824445

Did any of the HPC Massiv enter? :)

"This week on CapX we are publishing the winning entry and the runners-up for the Institute of Economic Affairs Breakthrough Prize. The prize, supported by entrepreneur Richard Koch, sought ideas for a “free market breakthrough” policy to solve the UK housing crisis. This year’s winner is Ben Clements, an analyst based in London, who proposed a new Land Purchase Act to free up land for people to build their own homes."

[..]

"This essay proposes the “Land Purchase Act”: a market-based policy that makes swathes of land available for people to build homes according to their own choice and preference. This policy has the potential to not only alleviate many of the problems in housing, but also serve as an example of what market-based policies could achieve for the wider housing market."

+1

 

Freeing up land will sink the value of the land beneath a property. It has 0 cost to the tax payer too.

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1 hour ago, happyguy said:

Great we can get rid off all the lovely countryside and wildlife to give immigrants subsidied house

where do i sign up for that 

Probably at the door marked "logical fallacies"

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  • 138 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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