Tuesday, June 7, 2011

Lib Cons adopt one of Uncle Tom’s proposals…

Plans for public land sell-offs for housing development

"Proposals to sell-off large tracts of publicly owned land for housing have been announced by the government. Ministers said the plans could create up to 100,000 homes and 25,000 jobs during the next four years. Already available are a former hospital at Fairmile, Oxfordshire, New Covent Garden Market, south London, and three Ministry of Defence sites in Bath." Obviously, 25,000 extra homes a year is a drop in the ocean and may merely reduce the number built elsewhere, but I liked the reference to "MoD sites".

Posted by mark wadsworth @ 05:13 PM (2013 views)
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13 thoughts on “Lib Cons adopt one of Uncle Tom’s proposals…

  • Here comes another bunch of sh1t flats to be sold to BTL’ers, keeping prices high so owner occupiers can’t afford them and demand for rented accomodation keeps up so the whole merry circus can continue. Let’s tarmac the whole world.

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  • letthemfall says:

    I had no idea UT was so influential. Exceptional vintage port all round.

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  • Nothing but a political gesture.

    The answer to the inevitable riposte of ‘It’s better than nothing’ is (of course) – ‘It’s not enough’.

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  • (a) They’re just proposals
    (b) Cue protests from the NIMBYs: “You can’t possibly build more houses round here, there already aren’t enough schools / hospitals / dentists / roads / parking spaces / playgrounds / apple pies”.

    Just looking on the map, the three sites in Bath are quite substantial. At least one looks like old army barracks. Nice amount of building land freed up!

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  • releasing land to developers is wrong, they should sell it self build

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  • Shouldn’t it be split into reasonable size sections and auctioned to the highest bidder? That way small private builders could build and the land would not be horded by speculators.

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  • I do hope it doesn’t turn out to be yet another one of those scams.

    A cheaper solution. Tighten the borders. Simples!

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  • 5. mark said…”releasing land to developers is wrong, they should sell it self build”

    ~ Yes mark, they should sell it to independent self build, builders/developers.

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  • I’m sure there’s a fair an equitable way to do this – that will be avoided at all costs.

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  • mark, khards,

    Self-builders will want big plots. Housebuilders can cram many small houses onto one large plot. Therefore the builders can afford to pay much more in the first place. It’s economics, not conspiracy.

    If you want to force larger houses on larger plots, write to your local council. They’re the ones with the power to grant (or refuse) planning permission.

    Personally I don’t believe builders are hoarding land. It costs them money to hoard – often they buy land with borrowed money – so they have every incentive to build and sell as soon as possible. Even for cash investors, land is a poor investment. A piece of land will only provide irregular increases in value; whereas a house or a commercial property will provide both irregular increases in value and regular stable rental income.

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  • Pleasing news!

    tt – Too many flats were built under the last govt, as they tried to pretend that a one bed studio flat counted as a ‘house’. Developers have a pretty good nose for what the public wants, so for the most part, market forces are best allowed to prevail.

    ltf – Sandeman ’67 is in the decanter at the moment – moderately exceptional..!

    dill – More than a gesture I think – Shapps is making some bold promises that will come back to haunt him if he doesn’t deliver..

    drewster – The Nimby element cranks up when development is proposed on the edge of a big field, and the locals fear that it will be followed by more and more. An ex. army barracks has a defined curtailage, and is rarely very pretty, so much less of an issue. Yes, some people will fuss, as they always do; but unless there’s immense opposition, they are unlikely to prevail.

    mark – I am all in favour of self-build. Hopefully the government will not be too focused on pleasing the big developers.

    khards – there’s a clever element in the ‘build now – pay later’ strategy in that it not only helps developers with cash flow issues, but also stops speculators amassing land banks.

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  • hmm let me see. if i sell this land to a developer i get a nice brown paper envelope. if i sell it to self builds it only benifits the governments finances. yep i know what im gonna choose.

    on a serious note i hope these plots are gonna be sold to the highest bidder via either auction, or better still sealed bid.

    @UT i dont think the public do know what they want the total lack of a HPC is evidence of that. theyd much rather go on overpaying for property.

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  • ontheotherhand says:

    Notice the negative sounding choice of words here by the BBC. “Sell-off” instead of neutral “sell”. What is the difference in meaning apart from the negative overtones of irresponsibility with “sell-off”. Also, “large tracts of publicly owned land”. What benchmark do they give to make sense of “large” and why do we need the word “tracts”?

    So take the whole thing and why don’t the BBC write a neutral, “Proposals to sell land for housing have been announced by the government.” instead of “Proposals to sell-off large tracts of publicly owned land for housing have been announced by the government.”

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