Tuesday, May 13, 2014

Three points made

Enough is enough we need higher rates now

1) agricultural land is tax free for inheritance 2) agricultural land is worth 1/1000 of land with planning permission 3) more planning permission needs to be granted. In fact I found the argument fairly persuasive, particularly if you are too broke for the usual sterling escape route of a mortgage. If people start going crazy for agri land as well then certainly we will need interest rate rises. You could be a one family gypsy group and live there in a large trailer, with the twist that you own the place.

Posted by stillthinking @ 05:10 PM (2276 views)
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7 thoughts on “Three points made

  • There is a lot of BS around these days about ‘building more house’

    I think it’s common sense to see that house are not going to be build on mass until the price land that they sit on becomes affordable to the average person who wants to live there.

    The only way I can see that happening is by saturating the country with planning permissions outside of the carel’s hold. this means building in the countryside, compulsory purchase of sites with planning or taxing plots with planning that have not been built on.

    I am of the school of thought that if someone owns some land and want to build a one off house within reason, then let them. Curently it’s impossible to get permission out side of the government dictated areas that are owned by the cartel.

    All this crap the government are on about right-to-build 5k plots being made available – Where are they? Why do they have to make the land available, why can’ they just grant the farmer up planning for 1/2 dozen one off low density houses on the edge of the village?

    The government know the problem is them and the planning system but they are impotent due to the vested interests wanting to keep the price of residential land artificially high in the hope of one day cashing in on the value caused by artificial restriction of development. The government also know that if they grant planning outside of built up city areas people will migrate out of cities and prices will fall within.

    It’s pure and simple Treason.

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  • There is tons of land around the UK that is completely unproductive. Farming is mostly a very poor use, and represents ”heritage” as opposed to meaningful business…..farming has been on the floor for decades.

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  • If farming is an anachronism, is eating also “heritage”? Are you a fruitarian or breatharian who does not need food?!

    Truth is, farm land is cheap because supermarket monopolies and wholesale buyer cartels, particularly in dairy, have destroyed farmer margins. However, that trend is reversing with the internet allowing direct sales for those with organics, and other value added. Plus, farmers markets allow much higher margins now. For those utilising information technology, farming is a massively productive and profitable activity, but if you produce commodity foods for wholesalers, on global manipulated prices, yes, you are not worth much.

    Once farming turns around, as it is slowly, farm prices will begin to soar. When that happens, you will not need green belts to protect high grade farmland from development.

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  • World house price inflation is created by continued expectation of house price increase. All other reasons for explanation,eg foreign investment, lack of building land are posibilities and are not the root cause which is purely human expectation and speculation. This is the root cause of all financial chrisis eg.Japan,Southsea Bubble,Great depression,Uk and world housing housing bubble 2014. This is the simple explanation.”To err is to be Human”in a world now divorsed from reality by the six great super powers.

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  • If farming is an anachronism, is eating also “heritage”? Are you a fruitarian or breatharian who does not need food?!

    I believe I wrote that ‘Farming is mostly a very poor use’ that’s quite a different thing to what you are saying above. You are jumping to extremes to make your own [silly] arguments seem sensible.

    Once farming turns around, as it is slowly, farm prices will begin to soar. When that happens, you will not need green belts to protect high grade farmland from development.

    Wasn’t it you who made the great forecast of widespread interest rate rises last year, and then went suddenly very quiet?

    I actually know the farming industry pretty well, and for the most part it’s very competitive as there are so many farmers and so many [EU & Worldwide] imports. In most cases the margins are very small – the only time any real money can be made is if something goes wrong elsewhere in the world to reduce supply. Unless we leave the EU, the large scale European imports will continue and it won’t do anything like ”soar”.

    Stop watching Jim Rogers and try to develop your own investment ideas.

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  • Farming only needs to occur on about 50% of the UK (the most productive land), 10% for housing, transport, business and recreation, the rest left to wildlife. We waste 3 times as much food as we use and about the same again through inefficiency. We export more food than we import (by calorie not value).

    Of course Land Value Tax would be the perfect, free market, tool to create efficiency in land and natural resource use.

    Can I recommend the Excellent book by the farmer Dr Duncan Pickard: the Lie of the Land that exposes much of the economic problems created by our taxation structure in modern farming. http://www.amazon.co.uk/Lie-Land-Duncan-Pickard/dp/0856832278

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  • Rate rise – I’ll believe it when I see it (not before_

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