Thursday, October 25, 2012

No HPC for HS2 vanity project

£1.3bn for those living on high-speed rail route

People who live in the countryside - but not residents of built-up areas like north London - that are between 60m and 120m away from the track will be entitled to the full unblighted value of their homes plus reasonable moving costs up to £47K. To entertain Mark W the article even has the obligatory widow with 7 kids.

Posted by enuii @ 09:10 PM (1599 views)
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10 thoughts on “No HPC for HS2 vanity project

  • mark wadsworth says:

    Enui, thanks, the whole thing is sickening. For sure, give these country NIMBY folk money if their houses have to be knocked down, but if they want compensation for the site value as well they can naff off.

    Put simply, these houses “worth” half a million are not worth half a million, it’s the scarcity value which makes them worth that much. So the Dept of Transport could just build a carbon copy of the original house half a mile further away for £100,000 and then give them that in exchange for their old one, which will still be worth a heck of a lot.

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  • A few weeks back my parents were discussing a proposed new housing development roughly half a mile from where they live – the local council already has 4,000 objections. I asked why there is so much opposition, some of which actually makes sense ie the road network will grind to a halt, but the main objection is preserving the green belt. I then asked my Mother what was in place before the family home for the last 50+ years was built – “ooooh it was all lovely rolling countryside known locally as The Banky Fields” splendid I said wouldnt it be good if we restored it to the way it was before these hideous houses were built? Father is wise to my quirky humour on serious topics whilst Mother just tutted and said she signed the petition.

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  • The Banky Fields

    Oh, the irony.

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  • Thecountofnowhere says:

    Is this some sort of sick joke ?

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  • mark wadsworth says:

    Jack C, back of the net.

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  • How about the gvmt miracles up some money to compensate private tenants and homebuyers who will have to come up with significantly more money to live in an area with a new Crossrail station? After all nothing about the house has changed, so any increase is due to government action, the victims of which are to be compensated. Either that or slap a ‘CrossRail’ tax on each house getting a windfall. Extend it to a ‘Tube’ tax, a ‘Park view’ tax, a ‘police’ tax, ‘fire department’ tax and so on…

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  • Mombers – I’m at risk of becoming Mr Wadsworth’s parrot here but you could substitute the taxes you mention together with most of what already exists with…………………..LVT

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  • mark wadsworth says:

    Jack C, nobody is anybody’s parrot, there are thousands of other land value taxers, starting with Queen Elizabeth I, and everybody has to work it out for him or herself.

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  • MW pehaps my last post did not read too well – I was suggesting I might be in danger of being parrot like having backed the LVT cause on here in recent times – no offence meant if you picked me up the wrong way.

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  • I don’t hear those people whose homes have benefited from flood relief schemes and such like demanding they be allowed to stump up the cost because the value of their properties has increased. Should work both ways.

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