Sunday, November 27, 2016
Land Monopoly
Builders make billions as housing crisis escalates
Imagine if the profit from the uplift in value of land from granting planning permission was spent on building council housing - Job done better still tax all land value away. But currently the profits are obscene and this is the real force of monopoly stopping new houses being built.
Posted by pete green @ 06:48 PM (19 views)
2 thoughts on “Land Monopoly”
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quiet guy says:
“Shadow Housing Minister John Healey said house builders should be maximising investment in new homes, not short-term shareholder profit or pay.”
Really? Private companies naturally aim to maximise profits. If one considers land banking profits to be excessive than the government needs to change the rules and/or start building social housing. A generation or so ago, we used to have governments that understood it was their job to provide housing. Now we have a government who look pretty content with the status quo and a pathetically ineffective opposition.
mombers says:
At the very least, council tax needs to be charged on land with planning permission after say 3 years. Or they can say that they won’t enforce property rights for free, e.g. not evict squatters who erect shanty towns,