Monday, January 28, 2013

Kom Pen Say Shun (hat tip to Littlejohn)

Homeowners can claim compensation if HS2 northern extension hits house prices

"Homeowners worried that house prices may be hit by the controversial HS2 railway’s northern extension, whose proposed route was announced by the Government today and may be able to claim compensation – but the devil is in the detail, with just a few yards dividing winners and losers".

Posted by alan @ 02:35 PM (2906 views)
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5 thoughts on “Kom Pen Say Shun (hat tip to Littlejohn)

  • richy richless says:

    Everyone…all together now..

    They own land…

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  • They own land – give them money!

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  • What the f**k!?, So if a station is built nearby (with my taxes) and the house price increases, only they get to reap the benefit and I see not a single £, and now if a railroad is built nearby (with my taxes) and the house price decreases, they get compensated (with my taxes)!!!!. Freaking unbelievable!!!!.

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  • Tough on them i say, we live on an island of ever worsening selfish inwardly looking nimbys.
    Wht should they get a cash payout related to a phoney, goverment sanctioned false ceiling price of their properdee.
    And where does ot stop ffs.

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  • Does this mean Gideon will be asking landowners in London and Birmingham for the money back from the uplift in their land values…. Somehow I doubt it.

    Now if their was only a simple way, say through the taxation system, that landowners share that increase in land value due to publicly created infrastructure and compensate those that are adversely effected.

    Interesting Radio 4’s Today Programme had an expert that had done international studies that showed that high speed rail links really just favour businesses and jobs in capital cities & major Hubs, with regional economies suffering economic decline because of them. He failed to discuss Land value which is the perfect measure of the benefit of state funded capital infrastructure projects. This is something Georgist economists have been saying for years. There was some desperate Northern business man/politician, no doubt in good faith, saying how much the ‘north’ needed the HS2, but did not understand that it could ruin his business, unless his business is the monopoly of land in London or near the major hubs of the HS2 of course.

    http://www.youtube.com/watch?v=47Jb-rlXJYg

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