Is this a good or bad thing

homelessskilledworker

A property developer whizz kid on a level with the likes of Henry Ford and Freddie Laker comes along.
He designs a type of three bedroom property and is able to through development dogma which nobody has taken advantage of before is able to put this type of new build on to the market for £75k on average.
Not only are they cheap, but are also fantastic to live in with excellent insulation and parking for the family car underneath the property and decent space.

Come Monday morning 2nd April 2012 he is able to put 3 million of these properties onto the UK housing market at the price of £75k.

Is this a good or bad thing??

chucknorris

homelessskilledworker wrote: »

A property developer whizz kid on a level with the likes of Henry Ford and Freddie Laker comes along.
He designs a type of three bedroom property and is able to through development dogma which nobody has taken advantage of before is able to put this type of new build on to the market for £75k on average.
Not only are they cheap, but are also fantastic to live in with excellent insulation and parking for the family car underneath the property and decent space.

Come Monday morning 2nd April 2012 he is able to put 3 million of these properties onto the UK housing market at the price of £75k.

Is this a good or bad thing??

It's an impossible thing, you are ignoring the cost of the land.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

Is this a good or bad thing??

Neither.

It's an impossible thing.

HAMISH_MCTAVISH

chucknorris wrote: »

It's an impossible thing, you are ignoring the cost of the land.

Which is significant, between £40K and £300K per house, depending on area. (And ignoring super high end areas)

And he's also ignoring the cost of development fees imposed by local councils. Which can easily be tens of thousands of pounds more per house.

In the cheapest areas, 75K would only barely pay for the land, infrastructure and tax.

You'd then need to pay for the house.

And you're looking at around £1000 per square metre and upwards for that, excluding fixtures and fittings.

wotsthat

£75k for a house - only a debt junkie would pay that much. Houses would be way cheaper if benefits were stopped, old people stopped living, immigration was banned, props were removed, lending wasn't so lax etc.

Besides there's a magical sum that you can do to demonstrate that there's no housing shortage anyway. Simply divide the number of people by number of bedrooms and volia! - no housing shortage.

Jimmy_31

homelessskilledworker wrote: »

A property developer whizz kid on a level with the likes of Henry Ford and Freddie Laker comes along.
He designs a type of three bedroom property and is able to through development dogma which nobody has taken advantage of before is able to put this type of new build on to the market for £75k on average.
Not only are they cheap, but are also fantastic to live in with excellent insulation and parking for the family car underneath the property and decent space.

Come Monday morning 2nd April 2012 he is able to put 3 million of these properties onto the UK housing market at the price of £75k.

Is this a good or bad thing??

You would need to stop people believing that an old woman in a silly hat owns the land before this would work.

Its a good thing but greedy people wont allow it because they are greedy.

homelessskilledworker

I know it cannot be done for Gods sake:), as does everyone on this board.
It is just a hypothetical question on a completely differnet subject from could they or could they not do it, the clue is in the title. Just say the Government released land for whatever reason to this whizz kid, huge tracks of land were owned by someone or some group that nobody was aware of until now, whatever!!

The question is if this amazing feat was possible against all the logic we now understand

Would it be a good or bad thing??

Henry Ford developed a car that the working man could afford when a few years earlier it was just a dream, Freddie Laker did the same with cheap airflight.

wotsthat

homelessskilledworker wrote: »

I know it cannot be done for Gods sake:), as does everyone on this board.
It is just a hypothetical question on a completely differnet subject from could they or could they not do it, the clue is in the title. Just say the Government released land for whatever reason to this whizz kid, huge tracks of land were owned by someone or some group that nobody was aware of until now, whatever!!

Oh I get it - I didn't think I'd seen anything about it on the news.

Can the government make an exception and bring this forward to April 1st? We'd be able to have spaghetti trees in the garden.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

The question is if this amazing feat was possible against all the logic we now understand

Would it be a good or bad thing?.

OK, I'll play along.

Providing more housing, more cheaply, would be a very good thing.

Doing it overnight would be a very bad thing...

Henry Ford produced just 4000 cars in his first year of production, and they cost the equivalent of $21,000 in today's money.

It took almost 2 decades to ramp up production to over a million cars a year, and for prices to fall to the equivalent of $3000 today.

That transitional period was essential for the wider economy to adjust and adapt to the change from horses and carts to motorised transport.

If Henry Ford had managed to secretly build 3 million cars, and release them all on the market at 3K each in one day, then it would have been catastrophic to large parts of the US economy.

The same thing applies with your hypothetical housing scenario.

wotsthat

A medical expert pioneers new limb technology. Everyone is entitled to a free limb.

Is this a good thing or bad thing and would you choose to have an extra arm or leg?

homelessskilledworker

HAMISH_MCTAVISH wrote: »

OK, I'll play along.

Providing more housing, more cheaply, would be a very good thing.

Doing it overnight would be a very bad thing...

Henry Ford produced just 4000 cars in his first year of production, and they cost the equivalent of $21,000 in today's money.

It took almost 2 decades to ramp up production to over a million cars a year, and for prices to fall to the equivalent of $3000 today.

That transitional period was essential for the wider economy to adjust and adapt to the change from horses and carts to motorised transport.

If Henry Ford had managed to secretly build 3 million cars, and release them all on the market at 3K each in one day, then it would have been catastrophic to large parts of the US economy.

The same thing applies with your hypothetical housing scenario.

Thanks Hamish

I really do not agree with too much with what you post on here, but I do respect your stance and right to say what you think and believe, you do the same more than most(not allways)
For the record I happen to believe that some of what you posted is right on this thread.
It is such a pity that the same trolls come along everytime and just trash every thread. Their only thought is "where is he going with this" and assuming one particular thing that they dislike and throwing a counter punch from the start.