Labour increase building targets by 43% in Tory councils areas while Labour council areas increase by only 7%...

[big-all]

HS2 land that was compulsorily purchased. The Gov owns it. And, it's not only 30m wide for trains. Whole farms were bought up in central England. Build on them!

was there much land purchased in advance north off Birmingham?? was that part in such an advance stage ?? i suspect quite limited but just a guess

 

[charliegolf]

They certainly bought north of Brum. I've actually been several times to a farm (friend of friend) that was bought. The family moved to the Cheltenham area.

 

[Notch7]

.....and half of the cabinet members have seen their housing targets reduce.

Apparently Angela Raynor has scrapped the urban uplift target where existing cities received a higher proportion of the housing target.

Funny how labour areas seem to have benefitted so much though....

I’m well chuffed

 

[motorbiking]

I assume you don't have anyone to leave your estate to?

They wont be so "well chuffed".

Labours plan to increase inheritance tax is clearly a southerner tax.

 

[ajohn]

Labours plan to increase inheritance tax is clearly a southerner tax.

Announced or theory. There are plenty of the latter about.

LOL Given current progress on houses the title of this thread is interesting. Think in terms of logical need and also adjacent area's needs.

 

[Notch7]

The private sector building more houses won’t fix the housing crisis…..they will never build affordable houses and will never do so at a rate that will lower prices….because they are driven by profits not the needs of the people in this country.

Property probably needs to reduce in vale by about 50% to

The fix is a mass council house building programme, so councils have assets they can get rent from….and stop housing associations taking all the profit.

 

[motorbiking]

How do you propose to deal with the complete economic meltdown that would occur, when people with mortgages end up with massive negative equity and can't sell their homes? Then lets look at the loss of income from the state due to inheritance tax and lastly the extra burden on public services as people are no longer able to use the proceeds from the sale of their home to pay for their care.

Its fine to want to slow the growth in house prices, but to have a policy that reduces them by 50% is beyond daft.

 

[ajohn]

they will never build affordable houses and will never do so at a rate that will lower prices…

An example was run through on BBC yesterday. Wolverhampton if I remember correctly. A mix of buy outright, co ownership and affordable rent. LOL due to the name of the place some probably don't know what the area iis like as have never been there. There is a load similar in many respects built near me however it includes flats. Done and dusted including roads and sewage work.

 

[Mrs Ten Names]

The private sector building more houses won’t fix the housing crisis…..they will never build affordable houses and will never do so at a rate that will lower prices…
......

The fix is a mass council house building programme, so councils have assets they can get rent from….and stop housing associations taking all the profit.

Private property developers won't like that. It'll increase supply over demand.

 

[Notch7]

How do you propose to deal with the complete economic meltdown that would occur, when people with mortgages end up with massive negative equity and can't sell their homes

there was a housing crash under Tories in the 1990s


How do you propose to deal with the economic meltdown being caused by the ever increasing price to income ratio that is locking younger people out of getting on the ladder?

 

[motorbiking]

and another in 2008 under labour. I already answered that:

It's fine to want to slow the growth in house prices, but to have a policy that reduces them by 50% is beyond daft.

 

[ajohn]

The fix is a mass council house building programme, so councils have assets they can get rent from

Where does the money come from? There was a period when councils did borrow anyway they liked so be careful concerning your thoughts. Bit more complex now and more controls. Overview a couple of pages.

https://researchbriefings.files.parliament.uk/documents/SN05797/SN05797.pdf

The builder. Barrett an eg
The Board declared an interim dividend for FY24 of 4.4 pence per share (interim FY23 dividend: 10.2 pence per share).

Dividends

The Board recognises the importance of both capital growth and dividend income to shareholders.

www.barrattdevelopments.co.uk

Set this to 1year and despite drops there is signs of a recovery

Barratt Developments shares dividends - Google Search

www.google.com

Suitable houses are already being built. There is no reason why council housed that are similar to the normal market builds should cost any less and maintenance gets thrown in. No asset for the owner so part ownership will suite some also outright purchases. Around me the "cheap" new houses look rather small also cramped up more. I've seen the same elsewhere. Also new terraced builds where older larger ones had been.

 

[blup]

How do you propose to deal with the complete economic meltdown that would occur, when people with mortgages end up with massive negative equity and can't sell their homes? Then lets look at the loss of income from the state due to inheritance tax and lastly the extra burden on public services as people are no longer able to use the proceeds from the sale of their home to pay for their care.

Its fine to want to slow the growth in house prices, but to have a policy that reduces them by 50% is beyond daft.

Your idea of a land tax on developer unused land banks was a good one, it would act as an economic inhibition on land values, and a motivation to develop.