How to bring down London house prices (LSE Blog)

[Deleted User]

CLAPTON wrote: »

You have clearly missed the fact that millions of people love living in London.

And yes, I see no reason not to build 100,000s of properties in London:
amasingly other countries manage to build enough properties to house their people.

However, I do support the principle of redirecting businesses from London in practical mans can be found.

There are already many example of tax breaks available in many parts of the country.

and yes I think the government / parliament should move north of Watford.

Clapton, if only everyone was as sensible as us, the world would be a better place!

WR

cells

Zero_Sum wrote: »

Nonsense. For starters Labour does well size doesn.

London public transport gets subsidised £2,600 per head of population. The NE gets £5. Thats an obscene inequality which is only adding to the problem

Where did you get that from? I thought the tube and London buses were not subsidised at all.

London pays more business rates than any other region of the UK perhaps more than all the other regions combined.

cells

The OP article was a bit crap

there are only two things you can do that will change long term prices. One is to impact population and hence demand. And the other is to impact build rates hence supply.

Everything else is a short term con.



IMO London could break within a decade. Already Owner Occupation is below 50% and falling. At what point do Londoners say enough is enough or at what point does the gov say we are no longer going to subsidise an ever increasing housing benefit bill

cells

Wild_Rover wrote: »

Clapton, if only everyone was as sensible as us, the world would be a better place!

WR

The idea of moving jobs out of London is silly.

Unemployment in London isn't much better than the other regions.
Also urbanisation is productive hence why in most countries the largest city has most the better paid jobs.

what can potentially be done is to move the population out of London, that itself will move jobs out. But even then the housing situation isn't much better elsewhere. The figure that counts the most is the occupancy rate and it is a little higher in London but almost all the regions are very close at 2.3-2.4 persons per home.

so try to move a million oit of London and you will find that areas that were cheap and mybe a little affordable no longer are.


personally I of thr opposite view. We need new towns of circa 250k population and many of these need to be in tje SE and perhaps as many as 10 of them need to be inside the M25 in the form of brand new boroughs

CLAPTON

cells wrote: »

The idea of moving jobs out of London is silly.

Unemployment in London isn't much better than the other regions.
Also urbanisation is productive hence why in most countries the largest city has most the better paid jobs.

what can potentially be done is to move the population out of London, that itself will move jobs out. But even then the housing situation isn't much better elsewhere. The figure that counts the most is the occupancy rate and it is a little higher in London but almost all the regions are very close at 2.3-2.4 persons per home.

so try to move a million oit of London and you will find that areas that were cheap and mybe a little affordable no longer are.


personally I of thr opposite view. We need new towns of circa 250k population and many of these need to be in tje SE and perhaps as many as 10 of them need to be inside the M25 in the form of brand new boroughs

Unemployment is not, itself, the logic behind moving government out of London, but to provide another major 'quality' population focus.
If government and parliament were to reside outside London it would indeed provide a focus for jobs but also a cultural focus and media focus which would give a better balance to the UK.

AndyGuil

Tax breaks have limited benefit. Businesses rely on skills to be successful. Often companies that prioritise tax benefits implode within a few years. There are lots of opportunities out there to develop skills. Areas have opportunities to build upon these skills. Universities all have specialist areas to tap into.

London evolves quickly which is one of the reasons it is successful. It reacts to the market. It is almost entirely privately funded in its change.

Zero_Sum

Joe_Bloggs wrote: »

@Zero Sum

Northern Rail gets a subsidy of 40.7p per passenger mile.
Source:-
https://www.gov.uk/government/publications/rail-subsidy-per-passenger-mile

Where do your subsidy figures come from ?
I will grant you that Crossrail is the largest engineering undertaking in Europe but nobody can use it for at least four years.

Anyone from anywhere outside of the EU can come to the UK if they have enough capital to do so. This attracts the wealthy. There tends to be less state tyranny/corruption here when compared to other countries.

The net effect is high demand for London property from overseas business people and family who want to hold onto/build upon what they have made elsewhere.
J_B.

Turns out I was understating it by £100
http://www.bbc.co.uk/news/uk-england-16235349

Zero_Sum

cells wrote: »

Where did you get that from? I thought the tube and London buses were not subsidised at all.

London pays more business rates than any other region of the UK perhaps more than all the other regions combined.

http://www.bbc.co.uk/news/uk-england-16235349

They only pay morwe in business rates due to governments making london more business friendly as they get more funding. If the regions had decent public transport, there's no reason why much of Londons business rate payers could be located elsewhere

CLAPTON

Zero_Sum wrote: »

http://www.bbc.co.uk/news/uk-england-16235349

They only pay morwe in business rates due to governments making london more business friendly as they get more funding. If the regions had decent public transport, there's no reason why much of Londons business rate payers could be located elsewhere

which regions don't have decent public transport?

Zero_Sum

CLAPTON wrote: »

which regions don't have decent public transport?

North East. (ie there are that only gets £5 per head compared to Londons £2,700)

Durham to Sunderland is 13 miles, yet it takes over an hour on public transport.

Many jobs are shift work, buses finish at 10:30/11:00, people can't get to & from work