Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.

Time to get tough on unoccupied and second homes...

Homelessness costs the nation millions, apart from the distress to individuals. Maybe now is the time to use taxation to relieve the problem. My proposal...

Any second/holiday home should be charged at 5 times assessed Council Tax rate.

Any unoccupied home should be charged at 10 times assessed Council Tax rate.

Individuals with two or more spare bedrooms cannot claim single person Council Tax relief.

All property empty for more than a year will be listed on a Council website (bit of naming and shaming). Anything empty for more than two years can be subject to compulsory purchase at 50% of market value.

All profit from these measures is ringfenced to reduce stamp duty. The more property that changes hands, the more spend on DIY, decorating etc and a boost to GDP.
«1345

Comments

  • withabix
    withabix Posts: 9,508 Forumite
    How about banning the homeless from smoking, drinking, gambling or taking drugs and pay their benefits in specific vouchers for rent, bills, bus tickets to the job centre and food?

    Ridiculous suggestion???


    So is yours.
    British Ex-pat in British Columbia!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Homelessness is rarely caused by the lack of a home directly. It is much more likely to be the indirect result of mental illness.
  • You can buy a house for $10 in Detroit.

    There are over 100,000 empty houses in Detroit.

    Detroit has over 20,000 homeless people....

    The OP is therefore pointless....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • There are people living in bed and breakfast accommodation in every town and city in this country. We are paying for it, and having people in B&B whilst there is property standing empty is a national disgrace.

    If there's no housing shortage, why are housing waiting lists so long? And why are private rents rising?
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Oh dear, another poster to whom the concept of private property seems entirely alien.
  • Zero_Sum
    Zero_Sum Posts: 1,567 Forumite
    20400keith wrote: »
    Homelessness costs the nation millions, apart from the distress to individuals. Maybe now is the time to use taxation to relieve the problem. My proposal...

    Any second/holiday home should be charged at 5 times assessed Council Tax rate.

    Any unoccupied home should be charged at 10 times assessed Council Tax rate.


    Individuals with two or more spare bedrooms cannot claim single person Council Tax relief.

    All property empty for more than a year will be listed on a Council website (bit of naming and shaming). Anything empty for more than two years can be subject to compulsory purchase at 50% of market value.

    All profit from these measures is ringfenced to reduce stamp duty. The more property that changes hands, the more spend on DIY, decorating etc and a boost to GDP.

    Then owners of said houses would just change their 2nd home to a holiday let & pay the lower business rates.
  • 20400keith wrote: »
    If there's no housing shortage, why are housing waiting lists so long? And why are private rents rising?

    There is a housing shortage.

    Rents are rising.

    But that's not the cause of homelessness....

    If cost of housing was the main cause of homelessness, there wouldn't be any homeless people in a place like Detroit where houses can be bought for $10.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Zero_Sum
    Zero_Sum Posts: 1,567 Forumite
    20400keith wrote: »
    There are people living in bed and breakfast accommodation in every town and city in this country. We are paying for it, and having people in B&B whilst there is property standing empty is a national disgrace.

    If there's no housing shortage, why are housing waiting lists so long? And why are private rents rising?

    Its not the number of houses thats the problem, its the number of people
  • 20400keith wrote: »
    There are people living in bed and breakfast accommodation in every town and city in this country. We are paying for it, and having people in B&B whilst there is property standing empty is a national disgrace.

    There are around 330,000 empty houses in the UK.

    But most of them are in the wrong place for current demand.

    Which is why they're empty....

    Anyway, there's already plenty of cheap property in those places, if you want to live somewhere that nobody else does....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Zero_Sum
    Zero_Sum Posts: 1,567 Forumite
    There are around 330,000 empty houses in the UK.

    But most of them are in the wrong place for current demand.

    Which is why they're empty....

    Anyway, there's already plenty of cheap property in those places, if you want to live somewhere that nobody else does....


    I've seen reports that put that figure around the 900,00 mark
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 255.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.