Monday, March 26, 2012
Community generated land values being appropriated by the vested interests
"HOUSES located near top performing primary schools cost an average of 42 per cent more than homes in other areas, according to research published this morning. Parents concerned with securing their children a place at a well-regarded school can pay an average of Â£91,618 more for a property than they would have to cough up to live elsewhere." If people are prepared to pay Â£xxxx a year in higher mortgage payments while their children are school age, why not just allow the school to charge Â£xxxx per year in tuition fees, so that the school gets the money not the landowners? Or even better, collect that Â£xxxx via taxes on the rental value of land?